MasTec North America Inc., a FL-based infrastructure construction company, is suing Claro Puerto Rico for $10 million in outstanding pay for the work it did to restore the telecommunications provider’s “devastated” infrastructure following Hurricane María in 2017. In a lawsuit filed last week in the US District Court of Puerto Rico in San Juan, the […]
Due to the passage of the American Rescue Plan, Puerto Rico has received $35.4 million for the Low-Income Home Energy Assistance Program (LIHEAP) available this fiscal year, which runs through September 2022. As part of a state-by-state breakdown of funding, the White House reported that in addition to an annual appropriation of $15.2 million for […]
Gov. Pedro Pierluisi has appointed Gabriel Maldonado-González as Puerto Rico’s new Department of Labor and Human Resources secretary, filling the vacancy left by his predecessor, Carlos Santiago, who stepped down Dec. 31. Maldonado has extensive government and private sector experience, as well as in the field of labor law, both in the state and federal […]
[SPONSORED POST] 5G technology has the potential to revolutionize all sectors of the economy and give way to an unimaginable future: hyperconnected and rich in foreseen devices and sensors that still have a long way to go. It may considerably transform every aspect of our lives, from transportation to medicine and even entertainment. However, as […]
The San Juan municipal government unveiled over the weekend a $60,000 initiative to give the iconic Paseo de Diego in the Río Piedras urban center an artistic makeover consisting of murals and sculptures created by local artists. San Juan Mayor Miguel Romero called the Paseo del Arte, Río Piedras project an economic and cultural development […]
The Andrew W. Mellon Foundation has awarded Hunter College a grant of $1.2 million to support scholarly study groups bringing together academics, journalists, and artists from both Puerto Rico and its diaspora at Hunter’s Center for Puerto Rican Studies, the Centro announced. The Centro has a 50-year legacy of interdisciplinary and collaborative research. This new […]
Passenger traffic at Puerto Rico’s Luis Muñoz Marín International Airport (LMM) approached nearly 9.7 million in 2021, up some 2.5% when compared to the 12-month period ended December 2019, before the COVID-19 pandemic crippled air traffic. When compared to 2020, passengers who used the facility doubled from the 4.8 million reported by its operator, Grupo […]
The heads of cooperatives from all over Puerto Rico have come together to create the Association of Co-op Presidents and Elected Leaders Inc., which aims to defend the best interests of local cooperative members, estimated at a million. This new organization brings together members who were elected by their peers to compose the boards of […]
Puerto Rican firm LeadPivot Technologies recently unveiled a new mobile app called “Publicaciones de Birling Capital,” which contains all the finance and investment-related content produced by Birling Capital. LeadPivot Technologies is Birling Capital’s software development division, and its focus is to drive business growth and transform it through digital tools to achieve better services, customer […]
After wrapping up what he called a “complex year” during which many projects were kicked-off and made possible using Puerto Rico Industrial Development Company (PRIDCO) properties, agency Executive Director Javier Bayón said 2022 brings a loaded agenda in favor of Puerto Rico’s economic development. PRIDCO officials spent the better part of 2021 reshaping the agency’s […]
Two years after the string of earthquakes that hit Puerto Rico at the end of 2019, the recovery continues with more than $523 million that the Federal Emergency Management Agency (FEMA) has allocated. The funds are distributed among projects in 14 municipalities of the southern, western, and central parts of the island. Among the structures […]
A new year, a new set of aspirations. And a new venture within the technological universe is to experiment with Non-Fungible Tokens. What? NFT, being such an unassuming commercial venture, the name does have a high-tech ring. Essentially, it has to do with blockchain technology, cryptocurrencies, etc. So, what are non-fungible tokens? NFT — These […]
These days, luxury is defined as something far beyond material possessions and is now related to experiences that offer an element of surprise, affect lives and that become unforgettable. That’s what Lexus’ new vision is about, focusing its efforts on “reframing” the meaning of luxury, the brand stated. As part of the brand’s ongoing changes, […]
Nearly seven months after announcing its intention to acquire Puerto Rico-based healthcare services organization Medical Card System (MCS), MHH Healthcare, L.P. announced it has closed the transaction. MHH Healthcare is a platform company formed by Kinderhook Industries, LLC to invest in health plans, health maintenance organizations, and healthcare services organizations. The transaction completes MHH Healthcare’s […]
Beneficiaries of the Individual Investor Incentive program under Law 60, or the Puerto Rico Tax Code, paid nearly $100 million in taxes in 2017 and 2018, according to the Department of Economic Development and Commerce’s (DDEC, in Spanish) “Annual Report on the performance of the incentives granted under the Puerto Rico Incentives Code.” The first […]
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