The US Department of Labor announced a final rule that implements Executive Order 14026 to increase the hourly minimum wage for employees on federal contracts starting Jan. 30, 2022. President Biden signed the order on April 27, 2021. The order is expected to benefit between 10,000 and 12,000 federal workers and contractors in Puerto Rico, […]
Liberty Foundation closed the 24th edition of the Liberty Foundation Golf Invitational Tournament awarding a “record-breaking donation” of $600,000 to 27 nonprofit organizations in Puerto Rico and the US Virgin Islands, company officials said. The donation was presented Nov. 18 during the tournament’s Embracing Hope Celebration Dinner in Río Grande. The 27 organizations that received […]
The Bayamón Medical Center announced the opening of four new ambulatory surgery rooms and a new unit for admitted patients. The four new ambulatory surgery rooms will be used for head, neck, laparoscopic, gynecological, gynecological oncological and urology surgeries, among others. The facilities incorporate the latest technology and a team of experienced surgeons, anesthesiologists, and […]
Puerto Rico-based insurance company Coordinated Insurance Services and technology applications and solutions development firm ImaginationSoft joined to develop the digital platform CUBIERTAPR.COM, to promote life insurance plans sold digitally. “There are insurers in the market that offer certain digital products. However, the life insurance policy that we’re offering through coverpr.com is the first life insurance […]
The US Department of Agriculture has awarded the northern coastal town of Toa Baja nearly $3.4 million to build and improve critical community facilities through its Community Facilities Direct Loan and Grant Program, the agency announced. The agency awarded a global amount of $222 million in 44 states, Guam, Northern Mariana Island and Puerto Rico. […]
Puerto Rico’s standing in the 2020 edition of the Economic Freedom Index did not reflect drastic changes, increasing just oane point to 64.4 in 2020 vs. 64.4 in 2019. This ranks the island in 69th place among 181 countries worldwide, and in 13th place among 33 countries in the Americas. The US mainland ranks 17 […]
Puerto Rico has been assigned $5.3 million to hire more law enforcement professionals and beef up security in five towns, W. Stephen Muldrow, US Attorney for the District of Puerto Rico, announced. The allocation is included in a global $139 million in grant funding through the US Department of Justice’s Office of Community Oriented Policing […]
This edition of Climbing the Corporate Ladder includes new executive appointments in a cross-section of industries in Puerto Rico. EPA appoints Lisa García as regional administrator for Region 2US Environmental Protection Agency (EPA) Administrator Michael S. Regan announced that President Biden will appoint Lisa García to become EPA’s Regional Administrator for Region 2. García will […]
Out-of-stock, higher pricing, empty shelves, longer shipping times, rising shipping costs, and labor shortages, and now the Christmas season is adding the Black Friday specials. All these issues act in tandem, impacting the once stable producer/consumer relationships into a twilight zone. The preferred response by most is that the Global Supply Chain is both weak […]
The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) and the Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority (AFICA) announced the issuance of up to $57.4 million in new AFICA bonds to refinance existing debt and finance the expansion of services, as well as improvements to several components of […]
MMM Healthcare announced the launch vending machines in shopping centers and hospitals in Puerto Rico, through which members can get their over-the-counter medications “immediately and when they need them.” “We’ve always stood out for innovation and once again, we keep working to provide greater convenience to our affiliates. Vending Machines are an additional option to […]
The Center for a New Economy (CNE) is incorporating the topic of higher or post-secondary education in its work agenda, for which it has added an expert who in an analysis concluded, among other things, that higher learning in Puerto Rico cannot be tied to election cycles. In her first analysis for the think-tank, titled […]
The Federal Emergency Management Agency (FEMA) allocated more than $24.4 million during October and November to repair and reinforce several schools in Puerto Rico’s southern and western regions that experienced structural damage caused by the 2020 earthquakes. To date, more than $142 million has been obligated to the Puerto Rico Education Department for 115 permanent […]
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