The Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) announced that a sealed bid process is underway through a Request for Proposal (RFP) process for the land property and the structure known as former Madame Luchetti School at the main entrance of Condado in San Juan. “We encourage all interested parties to visit the […]
All changes to the Central Office of Recovery, Reconstruction and Resiliency’s (COR3) Chapter 7 internal policies on disbursement processes and cash handling are already in force to streamline procedures related to Requests for Reimbursements (RFR) and Requests for Advances (RFA) for reconstruction projects required under funds allocated by the Federal Emergency Management Agency (FEMA), the […]
Five years after the approval of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), the objectives, achievements and successes attained fall short, the Center for a New Economy concluded in the latest edition of its “CNE Review.” In it, the CNE examines PROMESA since its enactment in June 2016, makes an inventory of […]
The Census Information Center at the University of Puerto Rico’s Cayey campus recently published an analysis of net emigration estimates between Puerto Rico and the United States from 2011 to 2020, which put that number at 550,421 people. The estimates are based on surveys that the US Census Bureau conducts in the United States and […]
The Federal Emergency Management Agency (FEMA) announced it has approved some $25.6 billion in federal funds for more than 8,000 recovery projects associated with the damages Hurricane María caused in Puerto Rico in 2017. The total projects with funds allocated so far includes debris removal and emergency protection measures granted at the beginning of the […]
A four-person family in Puerto Rico will spend an average of $203.09 for the basic items it should have in a five-day “emergency basket” ahead of this year’s hurricane season, the Puerto Rico Department of Consumer Affairs confirmed. The agency known as DACO said a six-person supply will cost an average of $287.37, $375.36 for […]
María Fernanda Levis-Peralta, founder of Impactivo LLC, was named one of the “Top 100 Healthcare Leaders of 2021” by the International Forum for Advancement in Healthcare (IFAH) in Las Vegas recently. IFAH, previously known as the Smart Health Conference, is one of the world’s top healthcare conferences and recognizes individuals for developing innovations in healthcare. […]
More than 40 young entrepreneurs will graduate on July 3rd from the SEEDS program, a STEM entrepreneurship curriculum managed by Friends of Puerto Rico, a nonprofit supporting entrepreneurial initiatives and education through economic development, and creating opportunities for women and children in Puerto Rico, where six of 10 kids live below the poverty line. Students […]
Urban Edge Properties announced it has signed leases with Walgreens, Global Mattress and Arby’s for a new parcel currently under development at The Outlets at Montehiedra in San Juan. This development, adjacent to K-mart, will feature a 10,305 square-foot Walgreens, a 3,695 square-foot Global Mattress in a single building and on the same parcel. Arby’s […]
Puerto Rico’s retail sales exceeded $3 billion in March 2021, reflecting a 49.6% year-over-year increase, the Department of Economic Development and Commerce (DDEC, in Spanish) confirmed. The agency’s most recent retail sales report shows this is the 10th consecutive sales increase recorded at an annual rate. Sales for March 2020 were recorded at a little […]
The Central Office of Recovery, Reconstruction and Resiliency (COR3) announced the availability of transitional positions for recent undegraduate or master’s degree college graduates in several areas. Agency Executive Director Manuel Laboy said the goal is to continue strengthening the work team in charge of facilitating the processes related to Puerto Rico’s reconstruction efforts. “We currently […]
The Puerto Rico Ports Authority broke ground on the reconstruction of the Benjamín Rivera Noriega airport in Culebra and unveiled the recently completed improvements to the island municipality’s cargo dock. The projects represent a combined investment of $21.8 million. Ports Authority Executive Director Joel Pizá said the $7.4 million bid process for the airport project, […]
A survey of some 400 entrepreneurs conducted by nonprofit Colmena66 revealed that 21% of participants confirmed they are self-employed due to financial need, 28% work a full-time job while promoting their business, 33% stressed the lack of available financing, and 67% are not exporting, so they have lower income than those who are. Colmena66 — […]
The College of Engineers and Surveyors’ Institute of Civil announced its upcoming summit, the Mega Viernes Civil 2021 (MVC 2021), which returns to its in-person format on July 16, at the Puerto Rico Convention Center in Miramar. Under the slogan of “Ruta al Futuro,” the event will present a sweeping academic, highly technical lineup featuring […]
LeadPivot, a division of Puerto Rican firm Birling Capital, has developed ImmunitaPass Events, an application that allows identifying vaccinated participants of indoor events, such as a recent Puerto Rico Chamber of Commerce (CofC) luncheon. As the COVID-19 pandemic is contained, many organizations are conducting indoor events. The ImmunitaPass safety and risk control software fully identifies […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA