The US Department of Energy (DOE) joined the Departments of Homeland Security (DHS) and Housing and Urban Development (HUD), and the Commonwealth of Puerto Rico to launch a new effort to accelerate work to strengthen the island’s grid resilience and advance new initiatives to enhance Puerto Rico’s energy future. The parties signed a Memorandum of Understanding (MOU) that promotes collaboration among federal agencies and the Commonwealth, and kickstarts the PR100 Study, government officials announced in Washington, D.C. The PR100 […]
The Bravo Family Foundation (BFF) announced the launch of the Bravo Challenge for Youth, a project that aims to promote a new breed of entrepreneurs by developing their entrepreneurial abilities and skills while they are still in high school. In its initial phase, the project is focusing its efforts on high school students in the […]
The US Department of Agriculture announced it will award Puerto Rico some $13.2 million for 17 projects to help companies hire more workers and reach new customers, among other benefits. The award is part of a $1.4 billion allocation to help businesses “keep resources and wealth right at home through job training, business expansion and […]
Puerto Rico’s tourism industry wrapped up 2021 by setting new records in lodging income, room tax collections, and passenger arrivals, while the average stay of tourists increased by 5%, according to Discover Puerto Rico. The first big breakthrough was in accommodation revenue. In 2021, lodging in Puerto Rico surpassed the $1 billion mark for the […]
The U.S Environmental Agency has granted the PathStone Corporation $200,000 to train 60 students in Puerto Rico and place at least 41 in environmental jobs, as part of the $3.8 million grant given to 19 organizations for that goal. The training program includes 214 hours of instruction, including federal Occupational Safety & Health Administration courses, […]
Foundation for Puerto Rico — a nonprofit organization dedicated to the island’s socioeconomic transformation— announced the opening of an application process for several internship opportunities within the entity to help the economic development and planning of communities in Puerto Rico. The internship is aimed at young people who are currently studying at an accredited university […]
Wovenware, a San Juan-based nearshore provider of Artificial Intelligence (AI) and digital transformation solutions, announced it has been included in the HFS OneOfficeTM Hot Vendors Q4 2021 report, which recognizes emerging technology companies. As part of the study, market research firm HFS Research analyzed 10 firms that have the potential to disrupt the market. “We’re thrilled […]
The Central Office of Recovery, Reconstruction and Resiliency (COR3), which works with the Federal Emergency Management Agency (FEMA) to disburse recovery funding to rebuild after Hurricane María, has revised its disbursement mechanism to expedite the ongoing process, agency Executive Director Manuel Laboy confirmed. “The Request for Reimbursement (RFR), as well as the Advance Request (RFA), […]
Nearly six months after announcing its plans, GuideWell Mutual Holding Corp., parent of Blue Cross and Blue Shield of Florida Inc., has closed on its acquisition of Triple-S Management Corp. GuideWell acquired all outstanding shares of Triple-S Management common stock for $36 per share in cash. With the completion of the transaction, Triple-S is now […]
It’s a decade since the enactment of tax incentive rules for cryptocurrency investors in Puerto Rico and the influx of mainlanders setting up shop in town does not wane. As the boom for investors seeking capital gains relief builds up, resentment from activists gets more vocal. They complain the new crypto economy is not benefiting […]
Architect Vanessa de Mari-Monserrate was sworn in as the new president of the Puerto Rico Builders Association at an event held at the Sheraton Puerto Rico Hotel & Casino. Puerto Rico Supreme Court Chief Justice Maite Oronoz-Rodríguez swore in the first woman to preside the association as well as the Board of Directors. During her […]
The Municipality of Loíza has joined health organization Dementia Friends and Triple-S in an effort to raise awareness and change the way society acts, thinks, and speaks about dementia, the town Mayor Julia Nazario announced. Dementia Friends is an initiative that educates on the challenges of living with and caring for a person with dementia, […]
Puerto Rico-based Center Lane Capital announced a $290,000 donation to Direct Relief in Puerto Rico, consisting of more than 50,000 packets of sanitizing wipes for nonprofit organizations, primary healthcare centers and hospitals on the island “to keep patients sanitized and safe,” Center Lane CEO Brian Morrison confirmed. Morrison is also the founder and part owner […]
Grupo Guayacán and Visa have created an alliance to provide specialized training and financial support to startups focused on in digital payment solutions and to accelerate the proliferation of local business projects in the dynamic financial technology and payment processing sector. Entrepreneurs in the sector known as “fintech” will benefit from the easy access that […]
Financial empowerment platform “Jefas y Jevas” was recently launched and seeks to help the financial development of women in Puerto Rico and the diaspora to increase the number of female millionaires. The concept includes a podcast, advice through social networks, mentoring workshops, training dynamics and support groups and it addresses business, entrepreneurship, and personal finance […]
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