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 […]
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 […]
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 […]
The 20/22 Act Society announced the distribution of funds to some 37 nonprofit organizations on in Puerto Rico, who received a combined $1.2 million. “Commitment to charities is the most important pillar of our organization,” said Robb Rill, founder of The 20/22 Act Society. “For the second year in a row and despite the prevailing […]
Following Congressional directives in the Infrastructure Investment and Jobs Act, the Federal Communications Commission officially launched the Affordable Connectivity Program, the $14.2 billion successor program to the Emergency Broadband Benefit which helped almost 9 million afford internet access during the pandemic. Effective now, eligible households are encouraged to apply to receive up to $30 per […]
Frommer’s Travel Guide has put together a list of its 10 Best Places to Go in the United States this coming year, which includes San Juan, which it describes as “newly revitalized following its quincentenary.” “With COVID-19 still a major concern, the Frommer’s staff struggled with whether to publish our annual Best Places article for […]
The US Department of Agriculture announced it is accepting applications for grants to assist in the preservation of affordable rural rental housing, for which it is making $3 million available. Grant recipients will provide services to multi-family housing borrowers and applicants. These services will help facilitate the transfer of properties financed with USDA direct loans […]
Several positive indicators point to an economic improvement on the island during 2021 in the face of the great losses caused by the COVID-19 pandemic, Puerto Rico Economic Development Bank President Luis Alemañy said. The agency’s Center for Economic Studies — headed by Economists Gladys Medina and Juan Carlos Gonzalez — offered a rundown of […]
The Puerto Rico Chamber of Commerce (CofC, in Spanish) asked the government — both the Executive and Legislative branches — the schedule to begin “executing” to move from recovery to economic growth, said Luis Gierbolini, president of the private sector trade group. In his statement, Gierbolini said Puerto Rico must move to resolve the issues […]
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