The U.S. Department of Labor announced the availability of $35 million in funds to develop, enhance and promote Self-Employment Assistance programs in all 50 states, including Puerto Rico, which will receive $504,523.
Over the past year, 111 green energy projects have sprouted up islandwide representing a joint investment between the government and the private sector of some $48 million.
The surprising paralysis of the certification of the representatives of the public interest in the Puerto Rico Electric Power Authority’s governing body is the most recent example of an arbitrary system that has taken power with impunity and that self-reproduces at the expense of the best interests of the people.
The Puerto Rico Museum of Art has teamed up with digital marketing agency Contáctica to launch the first social media platform created for a local museum.
Some $180 million that Puerto Rico receives in funding assigned annually through the Federal Communications Commission could be at risk due to the methodologies the agency is implementing to phase out the Universal Service Program and usher in its replacement, the Connect America Fund.
Oriental Financial Group’s staff is literally lacing up its sneakers to keep up the pace with the goal the company has placed at the finish line: growing its commercial banking division at a brisk rate and closing $500 million in new loans this year.
Responding to enterprise customer demand for a single converged telecommunications solutions provider, New York-based Metropolitan Telecommunications (MetTel) announced Tuesday it has begun offering service in Puerto Rico.
Plaza Lás Americas announced Tuesday the start of a $12 million renovation project that includes improvements to the Hato Rey mall’s exterior, a new, wider entrance and 300 additional parking spaces.
The Roosevelt Roads Redevelopment Authority announced Monday it has signed its first tenant, a company dedicated to building catamarans.
Two years after breaking ground, government officials said Monday the first phase of the ambitious $525 million Bahía Urbana redevelopment project will be completed by summer.
Guaynabo-based Trans-Oceanic Life Insurance Company this month received a strong review from credit ratings agency A.M. Best Co., which revised the outlook for the issuer credit rating to positive from stable, to “bbb,” and affirmed the financial strength rating (Fof B++ (Good), while giving it a stable outlook.
Looking to establish a school where members of the insurance industry can seek training and professional development, Universal Insurance recently unveiled its “Universal University” concept, a $1.1 million corporate university open to the general public.
It is the general belief that it is bad for a government to have a deficit or be shoulder-deep in debt. However, while it is “perfectly legitimate” for public administrations to have shortfalls and finance them with debt, what is dangerous is when the practice leads to unsustainability.
Microsoft Corp. confirmed Friday it has reached an agreement with Plaza las Américas in Hato Rey to open its first Microsoft Store at the mall, officially joining the retail sector to sell its technology products under its own roof.
Cooperativa de Seguros de Vida de Puerto Rico is being closely watched by A.M. Best Co., which on Friday confirmed it has downgraded the operation’s financial strength rating to C++ (Marginal) from B- (Fair) and issuer credit rating to “b” from “bb-.”
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