Women-led companies dominate Grupo Guayacán’s EnterPRize business competition
December 11, 2020
Women entrepreneurs headed this year’s list of winners of Grupo Guayacán’s 2020 edition of the EnterPRizebusiness competition, with health technology start-up Evocare as the big winner, nabbing several awards, including first place in the competition and earning $70,000 in prizes. This is the largest sum of seed capital obtained by a single winner in the […]
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Study: Puerto Rico housing market was improving, then COVID-19 hit
December 11, 2020
Puerto Rico’s housing market was improving prior to the COVID-19 pandemic, as reflected by price trends and sales in 2019, which were upward-bound due to a lack of available inventory. However, in general, prices have not recovered to pre-2007 levels and COVID-19 may slowdown the recovery process. Those were some of the conclusions of the […]
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Aeromed invests $2.5M in new helicopter, medical equipment
December 11, 2020
Emergency rescue service company Aeromed has invested $3.2 million on a new EC-135 helicopter and state-of-the-art specialized medical equipment, as it celebrates its 25th anniversary in Puerto Rico. The acquisition of the third helicopter in the fleet that arrived on the island on Dec. 8th “reaffirms its unwavering commitment to the health of Puerto Rico, […]
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Centro Casas Subastas to auction properties through virtual event
December 11, 2020
The new reality caused by the pandemic has led companies to reinvent themselves in almost every aspect — and the purchase of a property is no exception. Looking to continue contributing to the island’s reconstruction through real estate, Centro Casas Subastas will hold its second virtual live property auction Dec. 18, 2020, at 10 a.m., […]
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Grijalva urges President-elect Biden to ‘implement Puerto Rico priorities quickly’
December 11, 2020
Congressman Raúl M. Grijalva (D-Ariz.) sent a letter to President-elect Joe Biden and Vice President-elect Kamala Harris urging the rapid implementation of the “Biden-Harris Plan for Recovery, Renewal and Respect for Puerto Rico.” He also encouraged the incoming administration to create a federal working group to offer analysis and expertise to the White House and […]
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OBoard: Puerto Rico gov’t lacks right mix of people to deliver services
December 10, 2020
The government of Puerto Rico “does not have the right mix of people to respond capably to new challenges of delivering effective, efficient public services with limited resources, and in an environment of technological transformation and increasing public expectations,” according to research by the Financial Oversight and Management Board for Puerto Rico’s Research and Policy […]
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Puerto Rico to become ‘central axis’ of Caribbean blue economy plan
December 10, 2020
Looking to promote the development of the so-called “blue economy” in Puerto Rico and the U.S. Caribbean, nonprofit organization, Bluetide Puerto Rico (BTPR) recently signed a contract to design a strategic plan that will make Puerto Rico the central axis on this matter in the Caribbean. “Blue economy” is a term in economics relating to the exploitation and […]
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Ford Environmental Grants program assigns $40K to 4 projects in Puerto Rico
December 10, 2020
In a special 2020 edition, the Ford Environmental Grants program assigned $40,000 among four winning projects in Puerto Rico, as part of its goal of empowering communities toward a more sustainable future by encouraging the proliferation of collective efforts to achieve a better planet. Due to the COVID-19 pandemic, this year the program opened a […]
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Op-Ed: Puerto Rico’s new gov’t must focus on transforming energy sector
December 10, 2020
In recent years, we have witnessed how legislation seeks to transform the electricity sector in Puerto Rico. In 2014, the Energy Transformation and RELIEF Act was approved, which for the first time created an independent regulatory entity capable of overseeing and enforcing Puerto Rico’s energy policy. Five years later, in 2019, the Public Energy Policy […]
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MCS launches health coverage plan for Puerto Rico’s self-employed
December 10, 2020
MCS Life Insurance Co. announced the launch of a health coverage plan for Puerto Rico’s self-employed and small- and medium-sized businesses. Starting at $2.35 a day, MCS Personal medical coverage includes essential health benefits, such as emergency services, hospitalization, maternity, drugs, mental health care, laboratory, and preventive services, as well as chronic disease management, and […]
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US House passes 1st amendment to PROMESA mandating more disclosure
December 9, 2020
The US House of Representatives passed H.R. 683 — the Puerto Rico Recovery Accuracy in Disclosures Act of 2019 (PRRADA) — the first amendment approved by either chamber of Congress to the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). The legislation, introduced by Rep. Nydia M. Velázquez (D-N.Y.), mandates financial disclosures by professionals […]
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Liberty Foundation awards $500K to 23 nonprofits through virtual golf tourney
December 9, 2020
The Liberty Foundation rounded up $500,000 in donations during the virtual edition of its 23rd Liberty Foundation Golf Invitational — A new reality tournament, which it split among 23 nonprofits in Puerto Rico and the U.S. Virgin Islands. The donation was presented right before the game, which took place Dec. 4 at a virtual golf […]
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Uber Eats ends year with 2nd expansion of its delivery service to Ponce
December 9, 2020
The Uber Eats app announced it has expanded its delivery service to the southern town of Ponce, where users can order from their favorite restaurants with the touch of a button. Meanwhile, restaurants can expand their customer base, while Ponce residents can use the app to earn extra earnings as drivers if they decide to […]
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Op-Ed: The proposed aluminum recycling law, another ‘dead letter’ act
December 9, 2020
They say that the road to hell is paved with good intentions. Senate Bill 1683 to create a law to “Encourage the collection of scrap from aluminum extrusions and promote a new recycling industry to transform scrap into raw material” is being considered at the extraordinary session that was just convened at the Legislature. The […]
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USDA Rural Development opens rural energy grant application round
December 9, 2020
The U.S. Department of Agriculture has opened the call for applications for loan guarantees and grants for renewable energy systems and to make energy efficiency improvements, conduct energy audits and provide development assistance. The deadline to apply for the grants is Feb. 1 and Mar. 31, 2021, respectively. The funding is being provided through […]
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