Developer McCormack Baron Salazar, in a public-partnership with the Puerto Rico Department of Housing, unveiled the new $41.3 million Bayshore Villas mixed-income apartment community in Old San Juan, near Bahía Urbana.
The Federal Emergency Management Agency has awarded nearly $219 million in additional Public Assistance grants for Hurricane María recovery in Puerto Rico, it announced.
Looking to promote the island’s economy, WEPA!BOX PUERTO RICO made its official market debut Thursday as a subscription-based service through which buyers will get a monthly package with an assortment of locally produced goods.
As the Puerto Rico Senate approved Bill 1011 to repeal Law 80 of 1976, with a number of amendments, the Financial Oversight and Management Board for Puerto Rico released a 2,000+ page document on labor reform, that called the long-standing mandate “part of the problem.”
The Federal Communications Commission approved additional immediate funding to accelerate the restoration of communications networks in Puerto Rico and the U.S. Virgin Islands that were damaged and destroyed during the 2017 hurricane season, it confirmed.
The government’s "Dale Tijera" initiative launched March 12 has already resulted in the elimination of 116 regulations, Puerto Rico Secretary of State Luis Rivera-Marín said.
The Puerto Rico Bankers Association announced its support for local microenterprise incubators through a financial cooperation agreement with nonprofit organization Alianza para la Incubación de Microempresas Comunitarias-Solidarias Inc.
Puerto Rico Gov. Ricardo Rosselló submitted a new Incentives Code Bill to the island’s legislature, looking to “establish a new transparent and efficient process for the granting and overseeing of all incentives.”
Puerto Rico’s retail sales for the month of January 2018 totaled $2.8 billion, representing a 6.7 percent growth when compared to the same period in 2017, when total sales were $2.6 billion.
A budget review published by the Institute for Energy Economics and Financial Analysis of the approved fiscal-recovery blueprint for the Puerto Rico Electric Power Authority (PREPA) concludes that the plan faces billions in financial risks that will hinder the transformation of the grid.
Liberty Puerto Rico has received the 2017 Speedtest Award for Puerto Rico’s fastest network internet provider based on analysis by Ookla of some 1.3 million speed tests carried out by island consumers during the last six months of 2017.
The Federal Emergency Management Agency recently awarded more than $194 million in additional Public Assistance grants for Hurricane María recovery in Puerto Rico.
As part of the effort to develop and promote best practices for greater energy efficiency in Puerto Rico, the Puerto Rico Energy Efficiency and Sustainability Alliance recently held its third annual energy savings and sustainability competition, the "Battle of the Buildings Puerto Rico — 2017 Edition.”
In an effort to expedite Puerto Rico’s full recovery following Hurricanes Irma and María, the MCS Foundation announced an alliance with Grupo Guayacán Inc. (GGI), a nonprofit dedicated to helping entrepreneurs in various stages of development.
Popular Inc. announced that, on May 22, its subsidiary Banco Popular entered into a Termination Agreement with the Federal Deposit Insurance Corp.
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