The head of the U.S. Small Business Administration Linda McMahon announced that this year’s National Small Business Week will be held from April 29 – May 5, 2018, when she will be visiting a number of states.
Hurricane María caused $86 million in damages to Puerto Rico’s Luis Muñoz Marín Airport, including business interruption — terminals that lost entire roofs — and a drop in passenger traffic that operator Aerostar Airport Holdings is hoping will return to normal by summer.
For the second time since Hurricane María devastated Puerto Rico and the U.S. Virgin Islands, the Federal Housing Administration (FHA) announced that the agency is extending its 180-day foreclosure moratorium for FHA-insured homeowners for an additional 60 days due to the extensive damage and continuing needs in these hard-hit territories.
Since 2016, StartUp Popular has been supporting business owners in Puerto Rico through financing, business coaching and networking events.
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In the days following the disaster, companies experienced disruption of operations due to the absence of electricity, loss of human resources, dislocations in the supply chain and total absence of telecommunications.
Four Puerto Rico-based nonprofits split a $100,000 donation from 3M and its social action program, “3M Gives,” as part of a Hurricane María Disaster Relief assistance fund created to help in the humanitarian relief efforts on the island in the wake of the storm.
Puerto Rican grocery chain SuperMax unveiled a new service that will allow customers to shop online and have their purchase delivered or ready for pick-up at the store, company executives said
Aon plc, a global firm specializing in risk management, insurance brokerage, reinsurance, and outsourcing and human resources consulting services, will present the results of its “Puerto Rico Benefits Outlook survey” March 15.
The Institute of Environmental Engineers of the Puerto Rico College of Engineers and Surveyors, is continuing its collection campaign of domestic hazardous waste with an event slated for March 3, at its Hato Rey headquarters.
Taubman Centers Inc., owners of a 95 percent stake at The Mall of San Juan, warned in its 2017 annual report that it may not fully recover the losses related to Hurricane María, and anticipated that if a major tenant or anchor store does not reopen, others may follow.
A number of U.S. lawmakers sent a bipartisan letter to the U.S. Department of Housing and Urban Development requesting a 90-day extension of the foreclosure moratorium in Puerto Rico and the U.S. Virgin Islands ahead of the current March 19 deadline.
In response to the growing trend of businesses under the “sharing economy” model, Sen. Zoé Laboy-Alvarado, presented Senate Bill 840 to ensure the design and implementation of public policy that promotes the sector’s growth on the island.
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