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Press Releases
NOTICE APPROVAL OF REGULATION FOR ECONOMIC PROGRAMS AND INCENTIVES IN THE DEPARTMENT OF ECONOMIC DEVELOPMENT AND COMMERCE
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Honeywell Aerospace begins operations in Guaynabo
The much-awaited inauguration in the aerospace industry took place today with the ribbon cutting of Honeywell Aerospace's new facility in Guaynabo. Honeywell's new Americas Aftermarket facility is the company’s third site on the island, where it now employs more than 1,000 people. This latest expansion added roughly 30 jobs, including many at the executive level.... [...]
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$700k awarded to research projects in Puerto Rico
In order to continue advancing research and economic development on the island, the Puerto Rico Science, Technology and Research Trust and its Research Grants Program recognizes researchers who received their Catalyzer Research Grant (CRG), awarding 10 $70K grants. In particular, the CRG provides bridge funding to help researchers position their R&D proposals competitively before submission, or r... [...]
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Department of Economic Development and Commerce launches a new workforce initiative for digital retraining
To provide and develop digital skills in citizens that will allow them to integrate the 21st century, digital economy the Department of Economic Development and Commerce (DEDC) presents the 21st Century Workforce Initiative, aimed at young people between 18 and 40 years old. This multi-sector effort has been in part achieved by a collaborative agreement between DEDC, Ana G. Méndez University (UAG... [...]
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DDEC and Lufthansa Technik Puerto Rico Reach Agreement to continue supporting Employment Opportunities and Increasing Supply of Local Goods and Services
Manuel Cidre Miranda, Secretary of the Department of Economic Development and Commerce (DEDC), announced that Lufthansa Technik Puerto Rico (LTPR), LLC agreed to receive funding support from the Government of Puerto Rico to cope with the challenges the aviation industry is facing. ... [...]
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Economic Development Encourages Retention and Job Creation, Supporting Abbott Expansion in Barceloneta
Manuel Cidre Miranda, Secretary of the Department of Economic Development and Commerce (DEDC), announced the allocation of $2,610,000 in incentives from the Special Fund for Economic Development to Abbott’s Puerto Rico facility to create and retain jobs and acquire machinery and equipment to expand operations.... [...]
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