Industry and Entrepreneurs

Optimism in spite of closures

Submitted on 3 November 2007 - 5:46pm

This article is reproduced by CienciaPR with permission from the original source.

A lot has been said about the closure of some pharmaceutical companies in the last few months, however there is little awareness that this is the result of the changes in the industry World-wide, said some of the leaders in the field. Some entrepreneurs in the industry are confident and sustain that we are going through a transition from the traditional manufacture economy towards a knowledge-based economy.

A milestone for Puerto Rico

Submitted on 2 November 2007 - 8:12pm

This article is reproduced by CienciaPR with permission from the original source.

Puerto Rico was ranked as the world’s 36th most competitive economy of the world, and the second in Latin America, according to the Global Competitiveness Report revealed by the World Economic Forum (WEF). Although Puerto Rico is amongst the advanced economies, which WEF qualifies as a level 3 economy, we still have third-world country issues. Some of these include poor government regulations; high squandering levels; a poor extension of the tax system and low quality of the sciences and mathematics education, as compared with other level 3 economy countries. Puerto Rico occupies the 130th position due to bureaucracy, government relationships and government spending, health and primary education issues.

Ecology Inc.

Submitted on 9 October 2007 - 9:43pm

This article is reproduced by CienciaPR with permission from the original source.

Puerto Rico has started living the first steps towards creating its own industry for the main biofuel in the world: ethanol. Ethanol is an alcohol that can be produced through the fermentation of the juices of certain crops, like sugar cane, corn, and wheat, and can be used as fuel for cars in its pure form or -more commonly, in a 10% to 30% mix with gasoline- gasohol, to reduce the consumption of petroleum-derived fuels, and generate a mix that is more eco-friendly.

System that could end the controversy

Submitted on 29 August 2007 - 10:25am

This article is reproduced by CienciaPR with permission from the original source.

Javier Vélez Arocho, secretary of the Department of Natural and Environmental Resources, proponed the used of the “turbo sail” technology as an alternative to end the controversy between the government, industry and community and environmental groups that oppose the eolic park to be located in Punta Verraco in Guayanilla.

'Puerto Rican' computers

Submitted on 28 August 2007 - 11:54am

This article is reproduced by CienciaPR with permission from the original source.

The first 100% Puerto Rican-designed laptop computers will be available in the market soon. These computers, under the Babilon brand, will cost approximately $550 and will include 1GB memory, 80 GB of RAM, wireless card, Windows Vista operative system, DVD burner and USB connection.

A new, stronger PRIDCO

Submitted on 24 August 2007 - 12:12pm

This article is reproduced by CienciaPR with permission from the original source.

A little bit more than a year after the start of the re-organization of the Puerto Rico Industrial Development Company (PRIDCO), the agency’s executives assure that the changes have improve the satisfaction of their industrial clients and that Puerto Rico has been better advertised abroad as an investment destination. The executives describe the “new PRIDCO” has a better and updated public corporation that has a more effective organization, although it now has about half of the employees it had on July 2006.

Competition for new entrepreneurs

Submitted on 10 August 2007 - 11:12am

This article is reproduced by CienciaPR with permission from the original source.

For the third consecutive year, the EnterPrize Business Plan Competition will offer a series of tools so that anyone that wants to develop their own business –it could be an entrepreneur, professional or student- has the necessary support to transform their ideas into enterprises with a high success and potential. The competition offers, to the first three places, prizes valued in $50,000 total cash as well as services provided by the sponsors of the competition that included legal assessment, office space, accounting services and publicity. Participants must submit their plans by September 27. For submission or more information you can visit www.enterprizepr.com.

Taking advantage of the technology market

Submitted on 8 August 2007 - 2:41pm

This article is reproduced by CienciaPR with permission from the original source.

The Puerto Rico Industrial Development Company (PRIDCO) has established a Federal Technology Office in Washington, D.C., looking to give Puerto Rico better access to the $374,000 million market of contracts with the Federal Government. The new office, which will open in September, will be directed by Hector Feliciano, and its located in the Puerto Rico Federal Affairs Administration (PRFAA) headquarters.

Citizens oppose eolic park for environmental reasons

Submitted on 19 July 2007 - 11:22am

This article is reproduced by CienciaPR with permission from the original source.

A total of 4,503 people signed a setter, sent to the secretary of the Department of Natural and Environmental Resources, Javier Vélez Arocho, where the petition him to explain and retire his support to an eolic park project in Guayanilla. The citizens argue that the park will threaten endangered species like the Puerto Rican nightjar, the brown pelican and the lizard of the dry forest. The project plans to install 25 wind mills, each producing 1.8 megawatts that will supply energy to around 20,000 families.

Unceratin future for industry

Submitted on 4 July 2007 - 3:41pm

This article is reproduced by CienciaPR with permission from the original source.

Representatives of Puerto Rico’s private sector assure that the controversy between that sector, the Executive, the Senate, and the president of the House of Representatives, José Aponte, on the extension of the Tax Incentive Law has caused the main economic promotion statute for the country, and the investments by companies and individuals to enter a limbo.

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