Puerto Rican Endowment for the Humanities renews its Enciclopedia PR
February 23, 2021
The Puerto Rican Endowment for the Humanities launched its renewed Enciclopedia PR, an online reference and general education resource on the society, history, and culture of Puerto Rico. This free access publication, available at enciclopediapr.org, has more than 1,300 texts in Spanish, with revised English versions to be incorporated in the upcoming weeks. Its comprehensive […]
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2 Porsche salesmen in Puerto Rico ‘among the best in the world’
February 23, 2021
Two Porsche-certified sales executives in Puerto Rico — Jorge Santiago and Iván Guzmán — each won the “Sales Excellence Award,” bestowed by the Stuttgart sports car manufacturer to the top 100 Porsche salespeople in the world. Santiago scored 676 points, the highest number in the 99X Group, one of the three in which Porsche Latin […]
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LUMA Energy will not increase energy rates through ’24
February 22, 2021
LUMA Energy, the company that will operate Puerto Rico Electric Power Authority’s electric power transmission and distribution system for the next 15 years, vowed not to increase rates during the first three years after it officially begins operating on June 1, 2021. In a presentation to members of the media, LUMA CEO Wayne Stensby confirmed […]
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AON: Health insurance rates will spike 8.8% in ’21 in LatAm, Caribbean
February 22, 2021
The costs of company-sponsored medical plans in Latin America and the Caribbean will increase by 8.8% in 2021, exceeding headline inflation by 6.4%, according to its 2021 Global Medical Trends Rate Report by professional services firm Aon plc. “COVID-19 has demonstrated the need for better global governance regarding the management of medical programs,” said Maricarmen […]
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Gov’t buys elderly residential complex in Ponce for $6.1M
February 22, 2021
The Puerto Rico Public Housing Administration announced the acquisition of the Égida Estancias Doradas en Ponce, a residential project for the elderly, for $6.1 million. The project was owned by Ponce Elderly Limited Partnership and operated under a rental subsidy from the Department of Housing in accordance with Act 173 of Aug. 31, 1996, local […]
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Op-Ed: A decision-making tool for choosing an airport developer
February 22, 2021
A lot of industry experts agree with the Puerto Rico government’s decision to halt granting the operation and maintenance of all island regional airports to a single administrator, that instead, the best option was to look at each airport’s development opportunities. Soon after this announcement, the administrator of the Puerto Rico Public-Private Partnerships Authority, Fermin […]
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Treasury Secretary to pull double-duty as government CFO
February 22, 2021
Gov. Pedro Pierluisi announced Sunday he has appointed Puerto Rico Treasury Secretary Francisco Parés as the government’s chief financial officer, to prioritize the completion of the audited financial statements. His appointment is effective immediately. “It’s necessary to have an accurate map of our finances to be able to responsibly establish the fiscal solutions we need,” […]
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Puerto Rico Housing and Human Development Trust grants $50K
February 22, 2021
The Puerto Rico Housing and Human Development Trust (FIDEVI, in Spanish) awarded $50,000 to the Puerto Rico Volunteer Organization of Engineers and Professionals (VIPR, in Spanish) to support several housing assistance projects in southwestern Puerto Rico affected by the earthquakes that have occurred since 2020. A total of 100 families that have damaged homes due […]
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FEMA funds will go to replace 63 cameras on Baldorioty de Castro Ave.
February 19, 2021
The Federal Emergency Management Agency’s recent award of $1.3 million to the Puerto Rico Police seeks to address damages caused by Hurricane María to several police facilities throughout the island, the agency confirmed. This obligation pushes to $45 million the FEMA funds earmarked for repairing stations, replacing essential police equipment and video system equipment on […]
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Puerto Rico airports get $8.5M Coronavirus Response grant from FAA
February 19, 2021
The Federal Aviation Administration approved a second grant to the Puerto Rico Ports Authority for $8.5 million as part of a new round of the Airport Coronavirus Response Grant Program to provide aid during the COVID-19 pandemic, agency Executive Director Josel Pizá-Batiz said. “This new grant will provide economic relief the Ports Authority’s nine airports […]
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Puerto Rico Coliseum completing $2.2M in projects ahead of reopening
February 19, 2021
The Coliseo de Puerto Rico José Miguel Agrelot in Hato Rey is preparing for its reopening and the resumption of events and concerts with the completion of 14 improvement projects at an investment of $2.2 million, Mariela Vallines, executive director of the Conventions District, which oversees the venue. “In addition, 27 other necessary improvement projects […]
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Bureau of Transportation and other Public Services moves into new HQs
February 19, 2021
The Chairman of the Public Service Regulatory Board (JRSP, in Spanish), Edison Avilés-Deliz, announced that earlier this week, the operational offices of the Bureau of Transportation and other Public Services (NTSP, in Spanish) have moved into new headquarters at Stop 18 in Santurce. This is the same building that houses the Telecommunications Bureau’s offices. The […]
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Acrecent Financial Corp. closes $13M credit line for Puerto Rico Hospital Supply
February 18, 2021
Acrecent Financial Corp. announced it partnered with BluHaus Capital, Puerto Rico Fund for Growth, and Farragut Capital Partners to extend a $13 million bridge loan to Puerto Rico Hospital Supply. Since its founding in 2004 Acrecent has consistently made credit accessible to small- and mid-sized enterprises (SMEs) — at times against challenging backdrops including the […]
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Discover Puerto Rico focused on attracting ‘responsible’ travelers
February 18, 2021
Puerto Rico’s Destination Marketing Organization, Discover Puerto Rico, has been following the pent-up demand that has been building up among people who have been unable to travel but are still dreaming of their next vacation. The organization’s focus has been inspiring responsible travelers by positioning Puerto Rico as a safe destination, while keeping the brand […]
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Fundación CAP announces virtual ‘Pásate la Máquina Challenge’ fundraiser
February 18, 2021
On April 14, thousands of people will have the opportunity to join in a massive head shave and hair donation — in a virtual format — in solidarity with pediatric cancer patients and the medical and nursing staff of the Pediatric Hospital in the Río Piedras Medical Center. The “Pásate la Máquina Challenge” is a […]
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