Puerto Rico towns to get a $185M credit line to continue operating through COVID-19
May 14, 2020
The Financial Oversight and Management Board for Puerto Rico announced it authorized a $185 million short-term liquidity facility to help Puerto Rico’s 78 municipalities offset the timing of expected receipt of property tax revenue due to the COVID-19 pandemic. The facility would be made by the Commonwealth of Puerto Rico to the Municipal Revenue Collection […]
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Pre18 opens application round to help Puerto Rican startups get to market
May 14, 2020
Puerto Rican companies interested in strengthening their product to reach the market or increase their sales have the chance to apply to parallel18’s pre-accelerator program, pre18, which will run for 12 weeks starting in November. The program –– whose last call received more than 250 applications –– was founded in 2017 as part of the […]
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Puerto Rican firm to offer free mandatory courses to reopen businesses
May 14, 2020
Self Learning Solutions Tech (SLSTECH), a Puerto Rican firm specializing in distance learning courses, will offer mandatory courses on protection against COVID19 to reopen businesses, locations and offices free of charge through May 31, it announced. “We’re contributing to a safer reopening by certifying employers free of charge so that they can restart their businesses,” […]
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Puerto Rico Telecom Alliance donates face masks to Police Dept.
May 14, 2020
The Puerto Rico Telecommunications Alliance (APT, in Spanish) delivered 4,450 masks to the Puerto Rico Police, in an effort to contribute to their protection in the midst of the pandemic caused by COVID-19. Enrique Ortiz de Montellano, secretary of the APT and CEO of Claro Puerto Rico, and Pedro Andrés, past president of APT and […]
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Puerto Rico Products Association to hold virtual annual convention
May 14, 2020
Recognizing the atypical times that the world and Puerto Rico are experiencing due to the COVID-19 pandemic, the Puerto Rico Products Association will hold its annual convention on May 15, using virtual tools. The event will start at 8 a.m. Friday, when the trade group that oversees the “Made in Puerto Rico” brand, will elect […]
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FEMA assigns $47M to 131 recovery projects in Puerto Rico
May 13, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the obligation of more than $47 million in additional funds for 131 projects during the first week of May. The Humacao Campus of the University of Puerto Rico, 26 parks and community centers from the of Sports and […]
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Puerto Rico Tourism Alliance for asks ‘for more clarity’ on sector’s reopening
May 13, 2020
The Puerto Rico Tourism Alliance denounced that the efforts to reopen the industry “lack a defined strategy that guarantees a successful and safe return,” after months of a stand-still of the tourism sector due to the health crisis caused by COVID-19. The Alliance said July would be the right time to lift social distancing restrictions […]
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Science Trust program offers free online business resiliency curriculum
May 13, 2020
The Puerto Rico Science, Technology and Research Trust’s Resiliency and Business Innovation program has designed a curriculum on “Resilience for Businesses,” it announced. The initiative run with funds from the Economic Development Agency (EDA i6), is being done jointly with George Mason University — Center for Resilient and Sustainable Communities and Echar Pa’ Lante. “Building […]
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COVID-19 pandemic benefits coastal, marine ecosystems
May 13, 2020
The COVID-19 pandemic has forced people worldwide to apply social distancing, which translates into drastically reducing the level of social and economic activity, as well as bringing to light the positive impact that this situation has had on the environment, including the oceans. To raise awareness of this reality, the Marine Environmental Society announced the […]
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Statistics Institute unveils COVID-19 resource tab on its website
May 13, 2020
The Puerto Rico Institute of Statistics unveiled a new tab on its website gathering data and information related to the impact of COVID-19 in Puerto Rico and in other jurisdictions around the world. Executive Director Orville M. Disdier said the goal is that the information that several organizations on this subject have been producing can […]
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Petco Foundation honors Save A Sato president with $10K grant
May 13, 2020
Gloria Marti, president of animal welfare nonprofit Save A Sato, has received a $10,000 grant from the Petco Foundation and Victoria Stilwell, which are honoring “Unsung Heroes” for their lifesaving efforts on behalf of animals. Marti is now in the running for the national “Unsung Hero” award by Petco Foundation to potentially earn an additional […]
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Puerto Rican startup Guardian Systems creates app to detect COVID-19 symptoms
May 13, 2020
Guardian Systems, a Puerto Rican startup dedicated to creating artificial intelligence and analytical video platforms, announced the launch of a new application, True Checkpoint, that enables companies to control access of employees and visitors who are potentially infected with COVID-19 or other contagious diseases. The mobile app and web administrative platform takes a photo of […]
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Liberty Puerto Rico reports $105M in revenue in 1Q20, adds 9K clients
May 12, 2020
Liberty Puerto Rico reported $105 million in revenue, representing a 3% growth during the first quarter of 2020 compared to the same period in 2019. The company added some 9,000 customers to its broadband division in the recent three-month term. Liberty Latin America CEO Balan Nair said during an earnings call with analysts that the […]
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Paycheck Protection Program funding still available for P.R./USVI small businesses
May 12, 2020
The U.S. Small Business Administration confirmed it continues to approve loans for Puerto Rico and U.S. Virgin Islands small businesses during the second round of SBA’s Paycheck Protection Program, with more than $120 billion still available. “We encourage small business owners in Puerto Rico and the USVI to take advantage of this opportunity to keep […]
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Grupo Guayacán, Popular partner to provide $90K in small biz grants
May 12, 2020
Grupo Guayacán and Popular have partnered once again to provide a total of $90,000 in economic relief grants for small businesses that are currently struggling to maintain operations amid the COVID-19 pandemic. The incentive “will provide much-needed aid to companies that are working hard and reinventing themselves to survive the challenges of this difficult time,” […]
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