The University of Puerto Rico’s Mayagüez Campus is getting $100,000 in financing from the Puerto Rico Industrial Development Co. to work with the island’s food and beverage industry to develop a nutritional labeling and lab testing program.
After many months of talk that it would sell its operation off partially or entirely to offset its financial problems, First BanCorp on Tuesday announced it has entered into a definitive investment agreement with private equity firm Thomas H. Lee Partners, L.P. under which THL would purchase about $180 million of the bank’s common stock.
Puerto Rico residents generate between 11,000 and 12,000 tons of waste, or about five pounds per person, every day that goes straight to the island’s landfills. However, through the proposed Puerto Rico Resource and Renewable Energy Project, that habit can change and what is considered waste today could be recycled as fuel in the near future.
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