Thrift shop owners have ‘big’ expectations for ’21
December 31, 2020
Following months battling with the COVID-19 pandemic, three thrift shop owners in Puerto Rico, have set their expectations high for a better 2021. For Jade Tavarez, Francheska Nazario and Mónica Oquendo the goal is to remain resilient during these tough times. Nazario, owner of the Closet Sustentable thrift shop in Bayamón, has been in the […]
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20/22 Act Society donates $1M+ to 30 Puerto Rico nonprofits
December 31, 2020
The 20/22 Act Society announced a record in the distribution of funds among this year helping more than 30 nonprofit organizations on the island that shared $1,085,000 in 2020. “Since 2013 we have made a strong commitment to support charitable organizations in the Puerto Rican community,” said Robb Rill, founder of The 20/22 Act Society. […]
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USDA opens call for loan, grant applications to support rural microenterprises
December 31, 2020
The US Department of Agriculture has opened a call for applications for loan and grants to support rural microenterprises, through its Rural Microentrepreneur Assistance Program (RMAP). RMAP provides loans and grants to a nonprofit entity or institution of higher education — known as a Microenterprise Development Organization (MDO) — to establish revolving loan funds to […]
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Caribbean Produce Exchange delivers 2.7M food boxes in Puerto Rico during pandemic
December 30, 2020
Caribbean Produce Exchange Inc., a Puerto Rican consumer food and fresh food distributor, delivered 2.7 million food boxes through its participation in the U.S. Department of Agriculture’s “Farmers to Families Food Box Program” since the initiative began in May. More than 9 million people on the island suffering from food insecurity that has escalated during […]
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Social and Solidarity Economy Network anticipates ‘more disruption’ in ’21
December 30, 2020
The Puerto Rico Social and Solidarity Economy Network’s (Red ESSPR, in Spanish) development agenda for 2021 will include increasing the scope of its efforts to facilitate more alliances across economic sectors, educate the community, and strengthen a dozen initiatives carried out this year, among them trade exchanges, financial agreements, and national representation in international events. […]
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Simon Property Group completes $3.4B acquisition of Taubman Centers Inc.
December 30, 2020
Simon Property Group Inc. has completed its acquisition of an 80% ownership interest in the Taubman Realty Group Limited Partnership through a deal worth $3.4 billion. Simon owns two shopping centers in Puerto Rico, while Taubman owns one. Under the terms of the transaction, Simon, through its operating partnership, Simon Property Group, L.P., acquired all […]
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COVID-19 pandemic brings out entrepreneurial spirit in Puerto Ricans
December 30, 2020
People around the world have lost their jobs due to the COVID-19 pandemic, and while the government has helped in some ways, it is not enough for some families. Even young college students need money to finance their studies, but finding a job is not that easy to achieve anymore. And so, while stuck at […]
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L’Oréal Caribe launches recycling project for beauty salons in Puerto Rico
December 30, 2020
L’Oréal Caribe has launched a pilot project to promote plastic recycling in beauty salons in Puerto Rico, as part of its L’Oréal for the Future sustainability program. “Aligned with L’Oréal’s new global sustainability guidelines and commitments, we’re working on an action plan for our market in Puerto Rico and the Caribbean islands, to contribute to […]
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Castañer community included in Puerto Rican Solar Business accelerator program
December 30, 2020
The Puerto Rican Solar Business Accelerator, a program run by nonprofit The Solar Foundation, recently selected the Castañer community to develop an energy microgrid under the US Economic Development Administration’s Community Microgrid pilot program. Castañer is an agricultural community that is isolated and lacking in resilient energy. Due to its location, this community — which borders […]
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Puerto Rico credit unions could dip into $3B federal revitalization fund
December 29, 2020
The Public Corporation for the Supervision and Insurance of Puerto Rico Cooperatives (COSSEC, in Spanish) confirmed that local credit unions will be able to access some $3 billion in budgetary allocations included in the new federal economic stimulus package that seeks to revitalize communities with low and moderate resources. The federal funding bill allocates $3 […]
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Espacios Abiertos unveils Transparency Barometer
December 29, 2020
A lack of transparency in public governance and access to information was one of the key public opinion concerns in 2020, according to an analysis conducted by Puerto Rico-based nonprofit Espacios Abiertos. The finding is reflected in the newly unveiled Transparency Barometer, a digital tool created by the organization, which spans more than 400 stories about transparency published by […]
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Practical Techie: A very virtual 2021 New Year to you
December 29, 2020
As 2020 winds down, it will not be like the old days with parties, firecrackers, music, drinks and dancing. It will be the end of the year to stay calm, secluded and collected. Most of us will see the year die down with cell phone in hand to communicate with distanced loved ones at the […]
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Economic Dev’t unveils new Manufacturing Coincident Indicators Index
December 29, 2020
The Department of Economic Development and Commerce unveiled a new Manufacturing Coincident Indicators Index, a new metrics and analysis tool to illustrate the sector’s economic activity, which agency Secretary Manuel Laboy said reflects that the industry is maintaining a recovery rate. “The most recent report corresponding to October 2020 showed that manufacturing continues to gain […]
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Op-Ed: Liberty Puerto Rico wraps up ‘challenging year’ on positive note
December 29, 2020
This year brought us tough challenges and major achievements. Looking back, I feel very proud of our employees and how we handled this historic year. We shifted our operating model quickly and adapted to a new and completely unexpected scenario. Overall, Liberty was very successful in providing connectivity and entertainment when it was most needed. […]
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Casa Barbeiro opens 3rd barber shop location, now in Old San Juan
December 29, 2020
Local barber shop chain Casa Barbeiro has opened its third location, in Old San Juan, where it has invested $30,000 to serve locals and tourists alike, the company announced. Casa Barbeiro has two other shops in the San Juan metropolitan area, in Santurce and Hato Rey. The new Old San Juan facilities — located in […]
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