PathStone Enterprise Center Inc (PECI) in conjunction with the Rural Local Initiatives Support Corporation (Rural LISC), distributed a total of $375,000 in grants to 62 small and medium business owners to help mitigate the negative economic impact caused by the emergency of COVID-19. The donations come from a grant from the Wells Fargo Works for […]
The Federal Emergency Management Agency and the Puerto Rico Central Office for Recovery, Reconstruction and Resilience, or COR3, approved more than $84 million in additional grants for repairs after Hurricane María. The funds were allocated from July 31 to Aug. 6 and represent 105 projects related to Puerto Rico’s recovery and reconstruction. Among the most recent obligations is nearly $2 million to the […]
Avon announced it has donated more than $16 million worth of products to numerous charitable organizations as part of its “continuing commitment to giving back and making a positive impact on the world.” Donations include AMAR in Puerto Rico and Avon’s longtime partner, Feed the Children. “Both organizations are crucial right now in providing supplies […]
The U.S. Department of Commerce’s Economic Development Administration (EDA) announced it is awarding a $300,000 CARES Act Recovery Assistance grant to the University of Puerto Rico’s Mayagüez campus to boost its capacity to support regional economic development strategies in response to the COVID-19 pandemic. “This investment comes at a crucial time to help Puerto Rico’s […]
Andersen Global announced it entered into a collaboration agreement with full-service tax firm BDO Tax LLC, to mark its debut in the Caribbean region. Founded in 2000, BDO Tax LLC is led by Managing Partner Gaby Hernández and supported by more than 140 professionals. It provides an array of tax and business advisory services to […]
The United Automobile Importers Group confirmed that a total of 280 units new cars were sold on the island during the month of April, sharply contrasting the 7,352 vehicles sold during the same month a year ago. That represents a decrease of 96.2% for the month, and a reduction of 43.2% so far in 2020, […]
Liberty Puerto Rico continues to provide its customers with open access to more entertainment choices in English and Spanish during the lockdown. Through May 31, Liberty’s television subscribers will have access to select channels from Atresmedia and TV Azteca, regardless of the bundles to which they are subscribed. “Throughout the quarantine, we have tried to […]
Saying the priority at this time should be broader testing for COVID-19 in Puerto Rico, the Financial Oversight and Management Board for Puerto Rico urged “a gradual reopening of certain elements of the economy to contain the financial effect on the economy as a whole.” In a letter sent to Gov. Wanda Vázquez, Oversight Board […]
Parliament Capital Management LLC, an investment management firm based in San Juan with a focus on direct lending and other credit opportunities, recently expanded its local footprint with the opening of its new offices in the Ciudadela complex in Santurce. Since the launch of its investment management practice in 2014, PCM has become a leader […]
U.S. Customs and Border Protection is recruiting for the positions of CBP Officer, Border Patrol Agent and Air Interdiction and Maritime Interdiction Agents in select localities throughout the continental United States. To answer questions and inquiries, CBP will have an orientation table at Plaza Las Américas, Dec. 16-21. Candidates undergo a rigorous selection process to establish their capacity […]
OFG Bancorp announced it has received the OK from the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and the Puerto Rico Office of the Commissioner of Financial Institutions needed so that its banking subsidiary, Oriental Bank, may complete the acquisition of the local and U.S. Virgin Islands operations of Scotiabank. […]
The TRYP by Wyndham Isla Verde boutique hotel unveiled the remodeling of its meeting and event rooms, located on the property’s penthouse level, following a $3 million investment General Manager Consuelo Carrero confirmed. The event area has 2,410 square feet of flexible space, with capacity for between six and 200 guests in their different configurations. […]
Evertec Inc. announced results for the third quarter ended Sept. 30, which showed that revenue grew 6% to $118.8 million compared with $112.0 million in the prior year. Revenue increase in the quarter reflected growth across all segments and included benefits from value added solutions, new managed services and other pricing actions. Additionally, increased revenue […]
The Health Resources and Services Administration has awarded $2.6 million to Ponce Health Sciences University’s Primary Care Psychology Program to develop two proposals to train students and professionals to provide behavioral health services and problematic substance use in primary care settings. The Primary Care Psychology Program has been providing mental health services integrated into health […]
A Puerto Rican will lead the team that will manage the operations of El Distrito, the main entertainment complex in Puerto Rico, currently under construction in the Convention Center District in Miramar, project developer CEO Federico Stubbe, Jr., said. The head of PRISA Group, one of the partners developing the $125 million complex along with […]
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