Co-owners of Fairmont El San Juan Hotel buy Palmas del Mar resort
July 14, 2021
A partnership co-owned and managed by LionGrove has acquired the Wyndham Candelero Beach Resort from Palmas Hill Partners, LLC. The property is being rebranded as the Wyndham Palmas Beach and Golf Resort. An affiliate of LionGrove will manage the resort. The financial terms of the deal were undisclosed. LionGrove is the co-owner of the Fairmont […]
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11 firms interested in developing ‘spaceport’ at Ceiba airport
July 14, 2021
The Puerto Rico Ports Authority announced it has stirred interest from 11 aerospace firms interested in becoming a master developer of services to establish a “spaceport” at the José Aponte de la Torre regional airport in Ceiba. Ports Authority Executive Director Joel A. Pizá-Batiz said the Request for Information (RFI) began in March, and 27 […]
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Op-Ed: Pandemic human resources trends that are here to stay
July 14, 2021
A lot has been said about the post-pandemic “new normal” we’re fast approaching — from, all standpoints — individually, collectively, and organizations. As we move toward the expected herd immunity, we must accept that the pandemic changed the way we live and work forever. When it comes to business operations, all survey results support the basic […]
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Oriental awards $95K in scholarships to 20 college students
July 14, 2021
Financial institution Oriental distributed $95,000 in scholarships to college students, marking the initiative’s 7th consecutive year. These scholarships are awarded through an in-house program for children of employees. The majors selected for recognition are in the areas of science, technology, engineering, math, and business administration. “It’s very important for us to help young Puerto Ricans […]
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MCS Foundation invests $452K in mental health projects with 10 entities
July 14, 2021
Looking to address the widespread effects of the COVID-19 pandemic the island’s mental health, the MCS Foundation has teamed up with the Mental Health and Anti-Addiction Services Administration (ASSMCA) and mental healthcare provider FHC de Puerto Rico to launch the “Escondida” public service campaign discussing hidden problems resulting from the health crisis. This effort is […]
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World Central Kitchen hosts panel about food resiliency in the Caribbean
July 14, 2021
World Central Kitchen, a nonprofit that uses the power of food to nourish communities and strengthen economies in times of crisis and beyond, will hold a panel discussion entitled “Creating Resilient Food Systems in the Caribbean,” on July 19 at 3 p.m. The virtual event will be free to attend and will feature leaders in […]
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USDA Puerto Rico invests $357.6M in housing program in Fiscal ’21
July 13, 2021
The USDA Rural Development Puerto Rico has invested $357.6 million to support 3,025 families and individuals to buying their first home on the island during Fiscal Year 2021, the agency’s Acting State Director for Puerto Rico, Luis R. García, confirmed. The agency invested $349.2 million through its Loan Guarantee Program and $8.4 million in Direct […]
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SBTDC launches Biz Learning Center multimedia platform
July 13, 2021
The Puerto Rico Small Business and Technology Development Center (SBTDC) of the Inter-American University and the U.S. Small Business Administration, has launched a new multimedia platform, called BIZ Learning Center, for anyone who wants to learn how to establish a business in Puerto Rico, among other topics. The Puerto Rico SBTDC has created a digital […]
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Black Philanthropy Month to kick off 10th anniversary with ’21 Global Summit Series
July 13, 2021
Black Philanthropy Month (BPM) is set to mark its 10th anniversary with the BPM 2021 Global Summit Series, which kicks off Aug. 3, with virtual events continuing in Africa, Brazil, Canada, the Caribbean, and worldwide. The Caribbean will be featured on Aug. 4, 1 and the series will end on Aug. 31st with Reunity, an […]
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MMM Telehealth invests $5M in ‘Cita Virtual’ telehealth app
July 13, 2021
In response to the needs of older adults for more convenient ways to get healthcare services, MMM announced the launch of “Cita Virtual” (Virtual Appointment), a service for Medicare Advantage (MA) plan members that schedules an appointment with the patient’s primary doctor or, if their own doctor is not available, it can guarantee an appointment […]
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State Insurance Fund Corp. exceeds operational savings required by OBoard
July 12, 2021
The State Insurance Fund Corp. (State Insurance Fund Corp., in Spanish) confirmed it exceeded by $1.2 million the savings that the Financial Oversight and Management Board for Puerto Rico required for its operating budget for Fiscal 2021. So said CFSE Administrator Jesús M. Rodríguez-Rosa, confirming that the Oversight Board required the corporation to achieve spending […]
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DTOP vows to rebuild Puerto Rico roads with $299M FEMA allocation
July 9, 2021
To date, the Federal Emergency Management Agency (FEMA) has obligated nearly $299 million to the Department of Transportation and Public Works (DTOP, in Spanish) to repair damage and optimize state roads and bridges. This includes nearly $92 million approved during 2021 to address infrastructure in nearly 30 municipalities. The obligations represent permanent work projects to […]
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Discover Puerto Rico seeks to drive tourism sector to ‘strongest ever’ results
July 9, 2021
Discover Puerto Rico is focusing on strategies to help stabilize the island’s economy through tourism and “drive visitor-powered employment and revenue to new records,” as per its 2021-22 Strategic Marketing Business Plan. The 109-page report calls for surpassing 2019 visitation numbers, increasing average daily rate (ADR) for hotel rooms, and attracting a more “conscientious traveler” […]
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Tourism Co. backs $9M renovations of 3 southern Puerto Rico hotels
July 9, 2021
The southern town of Ponce is experiencing a “rebirth” of its tourism industry with the $9 million renovation projects at three hotels — Hotel Solace by the Sea, Hotel Fox and Hotel Meliá — owned by developer Ponce Prime Resorts LLC. Puerto Rico Tourism Co. Executive Director Carlos Mercado confirmed that the projects are generating […]
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American Red Cross launches ‘Misión Roja’ video game tourney fundraiser
July 9, 2021
The American Red Cross, Puerto Rico Chapter announced the launch of its video game and streaming tournament, “Misión Roja” to raise funds for the families the organization serves after emergencies and disasters. People interested in participating have until July 28 to register, for the opportunity to win prizes. Those registered will play the “Super Smash […]
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