Gov’t picks nonprofit to manage University of Puerto Rico scholarship fund
May 8, 2020
The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) chose the Puerto Rico Community Foundation to provide management and investment services for a new scholarship fund for University of Puerto Rico students. “After careful analysis of the independent firms that were interested in the project, we have chosen the organization that has […]
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New Fortress Energy short-listed for PREPA temporary power generation bid
May 7, 2020
Liquified Natural Gas provider New Fortress Energy confirmed it has been put on the short-list of proponents participating in the Puerto Rico Electric Power Authority’s temporary emergency generation RFP (Request for Proposals) released in March. During a call with analysts to discuss its most recent quarterly results, New Fortress CEO Wesley R. Edens confirmed the […]
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Global index gives low marks to access to information in Puerto Rico
May 7, 2020
Puerto Rico has been ranked 87th in a roster of 187 countries included in the Centre for Law and Democracy’s Global Index of the Right to Information, according to a report released by local nonprofit, Transparency Network. The RTI Ratings analyzes the transparency and open data laws, enacted in Puerto Rico last year. It points to […]
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EPA announces $300K Brownfields Grant for Toa Alta
May 7, 2020
The U.S. Environmental Protection Agency announced that the town of Toa Alta was selected to receive $300,000 to assess and clean up contaminated properties under the agency’s Brownfields Program. The Municipality of Toa Alta will use the grant to target the 35-acre former Industrial Zone, including four vacant and hurricane-damaged former industrial sites and a […]
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InterAmerican University to dole out $29.5M to students
May 7, 2020
The InterAmerican University of Puerto Rico is distributing $29.6 million to students in financial assistance provided through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the college’s President Manuel J. Fernós announced. The CARES Act assigns emergency financial aid to each eligible college student actively enrolled in a face-to-face program at the time of […]
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Passenger traffic at Luis Muñoz Marín Int’l Airport down 94.5% in April
May 7, 2020
Grupo Aeroportuario del Sureste, known as ASUR and whose subsidiary, Aerostar, operates the Luis Muñoz Marín International Airport, confirmed that passenger traffic dropped 94.5% in Puerto Rico in April, reflecting the direct blow from the COVID-19 pandemic. The year-over-year drop is in line with ASUR’s other airports in Mexico and Colombia, which showed a combined […]
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Oriental approves $275M+ in Payroll Protection Program loans
May 7, 2020
Puerto Rico-based financial institution Oriental confirmed that as a result of the first and second round of the SBA (7a) Payroll Protection Program, granted more than $275 million in loans, benefiting 3,300 businesses and 58,000 employees of small and mid-sized businesses. “We’re closing this first and second-round process, achieving excellent results, supporting our small and […]
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FEMA OKs 552 project obligations worth $95.4M in Puerto Rico
May 6, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, obligated roughly $95.4 million for 552 projects during April – more than the total number of projects approved between the months of January and September 2019 combined, they confirmed. Municipalities across the island received the bulk of these obligations […]
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Puerto Rico taxis, public carriers get green light to offer delivery service
May 6, 2020
Taxi drivers and public carriers have been given the green light to make light cargo deliveries, and strike agreements with different businesses— including mobile applications — to conduct such activities, Bureau of Transportation and Other Public Services president Luis D. García-Fraga announced. The agency issued notice XIV-2020 to establish the process through which taxi drivers […]
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3 entities commit to mitigate spread of mosquito-borne diseases during COVID-19
May 6, 2020
The Communities Organized for the Prevention of Arboviruses, or the COPA project, is actively pursuing its efforts to organize and mobilize communities in 38 areas of Ponce to identify, prevent, and control mosquito-borne diseases, mainly dengue, during the COVID-19 crisis, organizers said. Although COVID-19 is a respiratory illness that is not spread by mosquitoes, mosquito-borne […]
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Facing lawsuit, HCOA Fitness says it has canceled 1.6K memberships in Puerto Rico
May 6, 2020
HCOA Fitness, which on Tuesday was hit with a lawsuit by members claiming the chain had continued to charge membership fees during the lock-down, said it has continued to “expedite the freezing or cancellation of memberships.” Rick Bouza, president of the 14-gym chain, said since the government mandated the closure of businesses on the island […]
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COVID-19 Clinical Laboratory Working Group to oversee 1K molecular tests a day
May 6, 2020
Recognizing the scarcity of molecular testing on the island and with the concern that the number of tests needs to be increased to lessen the effects of the COVID-19 pandemic, the Puerto Rico Science, Technology and Research Trust and its Puerto Rico Public Health Trust program have joined forces with CienciaPR, Yale University, and a […]
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Triple-S launches COVID-19 epidemiologic study on staff, their families
May 6, 2020
Triple-S announced it will carry out an epidemiologic study among its employees and their family members to contribute to COVID-19 data available in Puerto Rico. “As a leading company in the field of health, our responsibility goes beyond providing access to quality services and protecting our members and employees. We also feel responsible for contributing […]
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Popular Inc. subsidiaries in P.R., U.S. mainland approve $1.2B in SBA loans
May 5, 2020
Popular Inc. announced that as of May 1st, it had processed more than $1.2 billion in loans under the second round of the U.S. Small Business Administration’s Paycheck Protection Program. The loans have benefited 16,397 small- and medium-sized businesses that employ more than 235,000 people, the bank said. Of the total, $1.05 billion were granted […]
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Foundation for P.R. launches new digital tool to strengthen vulnerable communities
May 5, 2020
Foundation for Puerto Rico, in collaboration with the Puerto Rico Housing Department, unveiled the Social Capital Interactive Maps, a new digital tool that it developed as part of its Whole Community Resilience Planning Program. This pilot platform allows citizens to visualize data and interactive maps that contribute to improving planning, promoting economic development and resilience […]
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