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2026 News


STAY CONNECTED WITH THE LATEST UPDATES FROM PRMSDC!

Our 2026 News page is your go-to source for important announcements, success stories, industry trends, and council initiatives. Stay informed and inspired as we highlight the achievements of our MBEs, share key insights, and keep you updated on everything happening in our network.

  • 03/10/2026 1:15 PM | Jean Marie Sanchez Florit (Administrator)

    Altura Capital GP, LLC and the Puerto Rico Minority Supplier Development Council (PRMSDC) have signed a Memorandum of Understanding to launch the Scaling Up and Expanding Puerto Rican Companies Collaborative Program. This three-year initiative aims to accelerate growth, investment, and corporate engagement for high-potential businesses serviced by the PRMSDC.

    Through this alliance, Altura Capital will invest $20 million to $50 million from its family of funds in PRMSDC-certified and other qualifying local businesses. The program unites private capital, corporate procurement, and economic development organizations to strengthen Puerto Rico’s business ecosystem and expand opportunities for scalable local companies.

    The initiative focuses on Business Services, Consumer Goods, Specialty Manufacturing, and Healthcare. It targets companies with over $5 million in revenue or $1 million in EBITDA that show strong growth potential or are experiencing ownership transitions.

    In addition to direct investment, the partnership will offer leadership and capital-readiness programs, convene corporate and investment stakeholders through strategic roundtables, and encourage collaboration among entrepreneurs, private equity firms, and corporations seeking quality local suppliers. The initiative also supports intergenerational wealth creation by enhancing supplier development, diversifying procurement, and expanding market access.

    Ecosystem Impact

    • For Corporations: Access to a stronger pipeline of investment-ready Puerto Rican suppliers who meet world-class standards.
    • For Entrepreneurs: Access to growth capital, strategic partnerships, executive guidance, and national corporate connections.
    • For Investors: A disciplined, impact-driven opportunity in underserved lower-middle-market segments.
    • For Government Stakeholders: A scalable model that aligns with policy priorities, leverages private capital, and supports sustainable economic growth in Puerto Rico.

    Altura Capital has a history of investing in businesses with strong ties to Puerto Rico, including Cidrines, a bakery brand founded in 1978 in Arecibo, Puerto Rico. Cidrines is a portfolio company of Altura Capital. Following Altura’s investment, Cidrines expanded its operations, including the development of an additional manufacturing facility in Lakeland, Florida. During this period, the company also broadened its distribution footprint from primarily Florida-based sales to reaching customers across all 50 U.S. states. Altura has worked alongside Cidrines’ management team to support the company’s growth and expansion.

    This collaboration reflects Altura Capital and PRMSDC’s shared commitment to fostering a resilient business environment and expanding economic opportunities in Puerto Rico. For more information, please contact prinvestments@alturacap.com.

    About Altura Capital

    Altura is a value-driven investment platform with over 20 years of experience supporting growth in lower-middle-market companies in consumer, business services, specialty manufacturing, and healthcare. Altura partners with investors, entrepreneurs, and executive leaders to build scalable, impactful enterprises.

    About PRMSDC

    The Puerto Rico Minority Supplier Development Council (PRMSDC) links over 540 certified local companies with national and international corporations, government agencies, and major procurement organizations. PRMSDC-certified firms provide more than 61,000 jobs and generate $9.5 billion for the local economy, according to the 2024 Economic Impact Report.

    Learn more about Altura Capital

  • 02/27/2026 12:02 PM | Jean Marie Sanchez Florit (Administrator)

    On February 20, Puerto Rico’s Central-East region became the meeting point for the first Business Connect of 2026, a high-impact event organized by PRMSDC and hosted by Gascó Industrial.

    The event opened with welcoming remarks from PRMSDC President Francisco Cabrera, who emphasized the importance of these spaces in strengthening the development and competitiveness of certified businesses. The gathering brought together Council-certified suppliers and distinguished guests in an environment designed to foster strategic collaboration and meaningful networking.

    We extend a special thank you to Joumeilyn Mena, Sales and Marketing Supervisor at Gascó Industrial, for her leadership and commitment in coordinating the event. Representing company President Dan Bigman, and in conversation with Reina Reyes, Senior Director of Corporate Services at PRMSDC, Mena shared the company’s journey, its beginnings, and the evolution of its services. Gascó Industrial, a Puerto Rican family-owned company, has positioned itself as a leader in delivering high-quality industrial and institutional cleaning solutions. Today, the company stands out for its expertise in specialized manufacturing and products serving both the industrial and food sectors.

    Throughout the event, participants presented their capabilities, exchanged ideas, and strengthened business relationships that will undoubtedly contribute to the continued growth of Puerto Rico’s business ecosystem. We also recognize the participation of Alicia Pérez from Amgen and Mario García from JLL, who highlighted the importance of MBE certification as a strategic tool for business development. We also thank CIS International, Epsilon, Mirus, RF Maintenance, and Star Electrical Services for contributing to a successful and enriching experience.

    Events like Business Connect reaffirm the value of creating spaces that promote interaction, collaboration, and mutual support among business leaders. 

    Stay connected through our social media channels to participate in upcoming events and become part of our growing business community.


  • 02/19/2026 9:33 AM | Jean Marie Sanchez Florit (Administrator)

    What you Should Know

    Incentives, Grants & Opportunities

    FedEx Small Business Grant Contest (2026 Cycle)

    FedEx awards grants annually to U.S.-based for‑profit small businesses through a competitive national contest focused on growth, innovation, and community impact. Multiple winners are selected, with tiered cash awards and added business support.
    Deadline: March 9, 2026
    Amount: Up to $50,000 cash + up to $7,500 in FedEx Office services

    Learn more →

    Your business must be an active FedEx customer to be considered for this opportunity

    Amber Grant for Women

    The Amber Grant supports women‑owned, for‑profit businesses across the U.S. and territories, including Puerto Rico. It focuses on the founder’s story and how funding will fuel growth.
    Deadline: February 28, 2026
    AMOUNT: $10,000 monthly; $25,000 annual opportunity

    Learn more →

    Upcoming Business Events

    Domestic Manufacturing Supply Chain Alliance (DMSCA) Accelerate 2026
    February 24-26 2026
    The Westin Rancho Mirage Golf Resort and Spa (Palm Springs)
    71333 Dinah Shore Drive , Rancho Mirage CA 92270

    Accelerate 2026 is a major Fortinet conference held in Las Vegas that brings together customers, partners, and industry experts for sessions focused on emerging threats, platform security, and real‑world cybersecurity innovations. Attendees gain hands‑on learning opportunities, product roadmaps, and insights into how AI is being integrated to enhance security and automation across modern environments.
    More Information →

    PR Water & Environment Association: Conferencia Anual 2026
    March 3-4, 2026
    Centro de Convenciones de Puerto Rico

    PRW&EA represents the Water Environment Federation and the American Water Works Association in Puerto Rico. These organizations are globally recognized for their commitment to promoting water quality and advancing the expertise of professionals in the field.

    They encompass a wide range of professionals, including:Engineers and Contractors,Educators and Students,Treatment Plant Operators and Area Supervisors, Vendors and Executives
    More Information and Registration →

    Pharma Forum
    March 22-25, 2026
    The Westin Copley Place10 Huntington Ave.
    Boston, MA 02116 United States

    Pharma Forum is the largest, most influential annual forum dedicated to uniting life sciences and event professionals to navigate the future of medical meetings. In this shifting COVID- 19 era, it serves as the ideal platform to address compliance implications for virtual interactions, the need for flexibility in contracting and re-entry strategies for face-to-face live and hybrid events.
    Register NOW →

    Defense & Industry Symposium 2026
    April 8-9, 2026
    The Box Elder Events Center,
    631 Watiki Way, Box Elder, SD 57719, United States

    The Defense & Industry Symposium 2026 will take place on April 8-9, 2026, at The Box Elder Events Center in Box Elder, South Dakota. This event is a significant gathering for national, regional, and local leaders from industry, the military, and the community. It aims to explore the critical roles each sector plays in the national security equation and to strengthen both national security and local economies through defense investments. The symposium will feature insightful panel discussions, keynote speakers, and networking opportunities, all focused on advancing collaboration between defense and industry.
    More Information and Registration →

    DA4S The Alliance for Science Annual East Coast Conference
    April 28-30, 2026
    New Jersey
    2026 East Coast Conference – The Alliance for Science

    A leading organization focused on bringing together like-minded corporationsand suppliers to promote equal opportunity and inclusion of all qualifiedbusinesses in the Life Sciences and Healthcare global supply chain.More Information and Registration →

    What may benefit your company

    Puerto Rico enacts several laws amending the Puerto Rico Internal Revenue Code of 2011 and the Puerto Rico Incentives Code

    EY explains the enactment of several laws affecting Puerto Rico’s Internal Revenue Code and Incentives Code. Key provisions include:Creation of ABLE (disability savings) accounts under Act 177‑2025, allowing up to $5,000 in annual contributions.Expansion of deductions for education savings accounts, increasing from $500 to $1,000.Increase in allowable deductions for Individual Retirement Accounts to match federal thresholds.Amendments to Act 180‑2025 clarifying the income‑tax exemption applicable to gains realized on the sale of a primary residence under Puerto Rico’s housing promotion program.Updates designed to help individuals and companies leverage new tax incentives more effectively.
    More Information

    Puerto Rico Supreme Court Confirms Enforcement Authority of the Office of the Women’s Advocate Over Private Employers

    The Puerto Rico Supreme Court’s decision in Oficina de la Procuradora de las Mujeres v. Corteva Agriscience Puerto Rico, Inc. confirms that the Office of the Women’s Advocate (OPM) has broad authority to investigate private employers and impose administrative fines for violations of workplace laws protecting women, including those governing maternity, pregnancy, and sex discrimination. The Court held that OPM’s jurisdiction extends beyond public agencies and includes private entities, allowing it to conduct administrative investigations and levy fines of up to $10,000 per violation even while parallel civil lawsuits proceed in court. While only the judiciary may award remedies such as damages, reinstatement, or back pay, OPM’s enforcement powers function alongside court actions, meaning employers may now face simultaneous administrative and judicial exposure from the same set of facts. The ruling underscores OPM’s longstanding mandate under Law No. 20‑2001 and highlights the heightened compliance risk for employers, particularly in cases involving temporary workers and claims of pregnancy or sex‑based discrimination.
    READ MORE
    House bill 420Puerto Rico proposes legislation aimed at reducing personal property tax on inventory 

    What Works

    Create offerings that solve tomorrow’s problems, not yesterday’s.

    Many companies update products reactively, but the strongest growth in 2026 will come from anticipating customer needs before they appear. That means:Interviewing your best clients quarterly to understand the challenges they expect in the next 6–12 months, not the ones they faced last year Building “fast‑prototype” versions of new services so you can test interest without heavy investmentAligning offerings with major shifts—AI adoption, regulatory changes, supply‑chain redesign, and customer‑experience automation

    This positions your business as a forward‑looking partner, not a vendor—making you the first call when new spending budgets open.

    References: IBM Insights Business and technology trends for 2026 | IBM

    Alliances: Authoring Collective Wisdom

    This essay is the first in a three-part series on collaboration and alliances, leading into our Collaboration: Alliances, Joint Ventures and Enterprise Transformation session at the NMSDC 2025 Annual Conference & Exchange in Miami, FL. Across these explorations, I develop why many collaborations fail, what makes them thrive, and how leaders can build alliances that author new futures. Each essay stands on its own, but together they form a progression: the why, the who, and the how of collaboration. A fourth essay, “What We’ve Learned,” will close the series with reflections on the journey and the lessons that endure.

    Collaboration and Alliances: Authoring Collective Wisdom — The Pivot Mind

    Top Headlines in Business

    Collins Aerospace in Puerto Rico: 30+ Years of Building What’s Next

    Collins Aerospace has spent over 30 years expanding its operations in Santa Isabel, Puerto Rico, growing from a single Westinghouse building into a multi‑building campus producing advanced electronics and electromechanical components for the aerospace and defense sectors. The company highlights Puerto Rico’s highly skilled workforce, U.S. regulatory alignment, and strong talent pipeline—shaped by decades of expertise in regulated industries—as key reasons the island has become a pivotal strategic site. Leaders emphasize that ongoing investment is driven not only by operational advantages but also by the strong community and quality of life that make Puerto Rico an attractive place for both work and family.[Puerto Rico: A Pivotal Site for Collins Aerospace – InvestPR]

    (HBR) – Nine Trends Shaping Work in 2026 and Beyond

    The Harvard Business Review article outlines nine major trends reshaping work in 2026, emphasizing the widening gap between CEOs’ high expectations for AI‑driven growth and the limited real‑world returns most organizations are currently achieving. Although AI continues accelerating workplace transformation, Gartner data indicates that only 1 in 50 AI investments delivers transformational value, creating new tensions around premature layoffs, workforce readiness, and unrealistic efficiency assumptions. The piece highlights how rapid technological change, economic volatility, and political uncertainty are disrupting traditional employment norms while organizations simultaneously face emerging risks such as AI‑triggered job restructuring, misaligned productivity gains, and the need to rehire talent cut too early. It stresses that companies must balance human–machine workforce strategies, navigate evolving threats, and redesign work models to fully capture AI’s future potential.
    9 Trends Shaping Work in 2026 and Beyond]

    (Deloitte) – The State of AI in the Enterprise – the Untapped Edge

    Deloitte’s State of AI in the Enterprise 2026 report identifies a pivotal moment in enterprise AI adoption, where organizations have rapidly expanded workforce access to AI—rising from under 40% to nearly 60% in a year—yet still struggle to turn this access into sustained, transformative impact. While AI pilots are abundant, only about 25% of companies have successfully scaled 40% or more of their experiments into production, creating a persistent “proof‑of‑concept trap” in which enthusiasm outpaces operational readiness. The report highlights a widening gap between rising investment and lagging ROI, noting that most firms are using AI for incremental efficiency rather than reimagining business models or redesigning core processes. Key trends such as sovereign AIagentic AI, and physical AI underscore growing concerns around governance, autonomy, and safety, emphasizing that organizational success will increasingly depend on embedding AI into workflows, strengthening data and infrastructure foundations, and aligning technology adoption with human capabilities.
    [StateofAI_Report_vF]

    (McKinsey) – How pharma is rewriting the AI playbook: Perspectives from industry leaders

    The McKinsey article explains that while pharmaceutical companies are rapidly increasing their investment in AI—projected to grow the pharma AI market from over $4 billion today to nearly $26 billion by 2030—meaningful results will require more than simply adding AI tools onto existing processes. Industry leaders from Johnson & Johnson, GSK, Boehringer Ingelheim, AbbVie, and Genentech emphasize that AI’s real impact comes from fundamentally redesigning R&D workflows, modernizing data and technology infrastructure, cultivating cross‑functional talent, and building a culture that encourages experimentation within a highly regulated environment. Instead of “bolting on” AI, they stress the need for strategic clarity, reimagined end‑to‑end discovery and development processes, and thoughtful implementation guided by six key enablers that align culture, technology, and organizational goals.
    [How pharma is rewriting the AI playbook: Perspectives from industry leaders | McKinsey & Company]


  • 01/30/2026 9:30 AM | Jean Marie Sanchez Florit (Administrator)

    What you should know

    Incentives, Grants & Opportunities


    AMEX Shop Small Grants Program– To help small businesses grow, innovate, and support their local communities, American Express is teaming up with Main Street America this Small Business Saturday® to launch the Amex Shop Small Grants Program. The Program will provide an initial $5 million to fund 250 grants of $20,000 each to eligible small business owners across the U.S.Deadline: January 17, 2026AMOUNT $25,000
    Learn more 

    Santander’s Cultivate Small Business– Santander’s Cultivate Small Business helps early-stage entrepreneurs build and sustain businesses in the food industry, with a focus on historically underserved founders in low-to-moderate income neighborhoods. The program is completely free for eligible entrepreneurs and provides a 12 week food-focused curriculum, mentorship, and capital grants.Deadline: February 2, 2026AMOUNT $2,500 – $20,000
    Learn more →

    Neurodiverse Entrepreneur Program– The goal of the Neurodiverse Entrepreneur Program (NDEP) is to increase business leadership opportunities for people with developmental and/or cognitive differences such as autism, dyslexia, learning disabilities, ADD/ADHD and other related diagnoses. Companies with neurodiverse leaders serve as role models for future entrepreneurs while illustrating that neurodiversity can be a strength and an asset for other firms.Deadline: April 15, 2026AMOUNT $19,000 in Grants and Services
    Learn more →

    Upcoming Business Events


    22nd Puerto Rican Symposium of Anti‑Money Laundering
    February 26, 2026 (San Juan)

    A major compliance and financial‑sector event drawing banks, fintechs, and corporate leaders.Focus: AML regulations, risk management, compliance updatesVenue: Centro de Convenciones de Puerto RicoIdeal for: financial institutions, legal teams, regulated industriesWhy it matters: one of Puerto Rico’s largest professional compliance conferences
    Register NOW →

    Pharma Forum
    March 22-25, 2026

    The Westin Copley Place10 Huntington Ave. Boston, MA 02116 United States
    Pharma Forum is the largest, most influential annual forum dedicated to uniting life sciences and event professionals to navigate the future of medical meetings. In this shifting COVID- 19 era, it serves as the ideal platform to address compliance implications for virtual interactions, the need for flexibility in contracting and re-entry strategies for face-to-face live and hybrid events.
    Register NOW →

    What may Benefit Your Company

    Federal Tax Law: One Big Beautiful Bill” Act (OBBBA) – Signed July 4, 2025This tax overhaul builds on the 2017 Tax Cuts and Jobs Act (TCJA) and includes numerous business-friendly provisions, many of which became effective in January 2026. LEARN MORE

    100% Bonus Depreciation becomes PermanentBusinesses can immediately deduct the full cost of qualifying assets (machinery, equipment, vehicles, etc.) purchased after January 19, 2025

    Section 179 Expensing IncreasedFor 2026, the immediate expense limit is $2.5 million, phasing out after $3.63 million in asset purchases.

    Research & Experimental (R&D) Expense DeductionFull and immediate expensing of domestic R&D costs (instead of amortizing), applicable to software and other research, made permanent

    Qualified Business Income (QBI) Deduction Made PermanentThe 20% deduction for pass-through business income is permanent, expanded thresholds and a $400 minimum deduction for qualifying business income

    1099 Reporting Thresholds RaisedStarting 2026, businesses only need to issue 1099-NEC and MISC forms for payments over $2,000 (up from $600). 1099-K thresholds also revert to $20,000 and 200+ transactions.

    Payroll Tax Breaks for Tips and OvertimeNew deductions ensure no federal tax is applied to earmarked tips and overtime pay through 2028.

    IRS announces first day of 2026 filing season; online tools and resources help with tax filing IR-2026-02, Jan. 8, 2026The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. This year, several new tax law provisions of the One, Big, Beautiful Bill become effective, which could impact federal taxes, credits and deductions.

    IRS announces first day of 2026 filing season; online tools and resources help with tax filing | Internal Revenue Service

    What Works

    Build an AI‑ready data foundation. Most companies want AI, but few have the clean, organized data needed to use it well. Preparing now means:
    • Centralizing your data so customer info, sales, operations, and marketing aren’t scattered across tools
    • Standardizing formats, so AI systems can read and learn from your information
    • Setting clear data quality rules to avoid “garbage in, garbage out” outcomes.

    Strong data practices also make it easier to adopt tools like predictive analytics, automated reporting, and AI‑driven customer engagement.

    Networking Insight: Strengthen relationship‑driven networks, not just contact lists. Most companies collect contacts but don’t build real relationships. The businesses that win in 2026 will be the ones that:

    • Nurture a small circle of high‑value partners, not hundreds of weak ties
    • Check in regularly with collaborators, suppliers, and clients
    • Share insights or opportunities without expecting anything immediately in return

    This creates a network that actually works when you need it—introductions, referrals, and early access to opportunities. 

    References: Bloomberg.com & Harvard Business Review

    Top Headlines in Business

     Tesla’s $1 Trillion Bonus Plan Sparks Investor DebateFinancial Times reports that Tesla’s proposed compensation package for Elon Musk, worth nearly $1 trillion, is testing shareholders’ willingness to prioritize stock performance over governance concerns. Investors face a dilemma: approve the plan for potential gains or reject it over concentration of power. [ ft.com]

     Switzerland Embraces Crypto RegulationFT’s Business Insight highlights Switzerland’s move to establish itself as a global crypto hub, leveraging its reputation for trust and stability. The country is creating frameworks to attract blockchain and decentralized finance projects, signaling a major shift in traditional banking norms. [ ft.com]

     AI Boom Drives Big Tech Spending SurgeNYT’s latest coverage shows tech giants—Google, Meta, Microsoft, and Amazon—accelerating AI investments despite bubble concerns. Spending exceeds $70 billion for infrastructure and talent, with Nvidia emerging as a $5 trillion market leader in AI chips. [ nytimes.com]

     Berkshire Hathaway Prepares for Leadership TransitionNYT reports Warren Buffett is stepping back from active leadership, signaling a new era for Berkshire Hathaway. His farewell note emphasizes philanthropy and succession planning, with major implications for conglomerate strategy and investor confidence. [ nytimes.com]



PRMSDC is a 501(c) (3) non profit organization affiliated with the National Minority Supplier Development Council (NMSDC), a leading organization that advances business opportunities for certified business enterprises and connects them to corporate members.


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