USDA-NRCS opens ’21 funding for water projects in Puerto Rico/USVI
February 3, 2021
The USDA Natural Resources Conservation Service (NRCS) announced it has posted a funding notice for its National Water Quality Initiative (NWQI), to farmers, ranchers and private forest landowners interested in improving water quality and aquatic habitats in priority watersheds with impaired streams. Details of the initiative can be found on the Grants.gov website and is […]
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Med Centro buys $1M mobile medical unit
February 3, 2021
Healthcare provider Med Centro recently invested about $1 million in a new mobile medical unit, to deliver services to patients in the Coamo-Salinas area of the island, company Executive Director Allan Cintrón-Salichs said. This vehicle joins the fleet of four units that the institution already owns, equipped with technology and everything necessary to offer primary […]
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Anthem Inc. to acquire MMM Holdings, LLC, affiliates from InnovaCare Health, L.P.
February 2, 2021
Anthem Inc. announced it has entered into an agreement with InnovaCare Health, L.P., to acquire its Puerto Rico-based subsidiaries, including MMM Holdings, LLC and its Medicare Advantage plan MMM Healthcare, LLC as well as affiliated companies and Medicaid plan. The financial terms of the agreement were not disclosed. “We are pleased to expand Anthem’s commitment […]
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HMS starts transition of operations of the Cataño-San Juan ferry route
February 2, 2021
As part of the “systematic and complex” handover of procedures of Puerto Rico’s maritime transportation service, HMS Ferries announced the start of the process to transition operations on the Cataño-San Juan ferry route. “During the Transition Phase, we will be working on the systematic transfer of the maritime transportation service in Puerto Rico. During this […]
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Everynet, Ready Wireless partner to deliver ready-to-use IoT solutions in Puerto Rico
February 2, 2021
Technology company Everynet BV announced its partnership with IoT Managed Services provider Ready Wireless LLC to provide ready-to-market IoT solutions in Puerto Rico powered by Everynet’s carrier-grade national network. The partnership seeks to innovate on several aspects of companies’ business flows and day-to-day activities in most of the industries in Puerto Rico, like supply chain, […]
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CooPACA begins receiving applications for PPP second round
February 2, 2021
The Arecibo Savings and Credit Cooperative (known as CooPACA in Spanish) has started to receive loan applications for the reopened Payroll Protection Program (PPP) that is administered by the U.S. Small Business Administration. The credit union is also processing applications for forgiveness of first round of PPP loans, it confirmed. CooPACA has already processed 250 […]
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Aon launches solution to design benefits plans based on employee perception
February 2, 2021
Global professional services firm Aon plc has launched Aon Architect Solution, aa tool that simplifies the process of designing employee benefits programs and the development of employer contribution strategies, taking into account the employer financials and the perception of its employees. The new tool available in Puerto Rico helps employers balance their company’s financial goals […]
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Bayer Crop Science ‘Grow and Learn’ program sparks interest in agriculture
February 2, 2021
Bayer Crop Science Puerto Rico’s “Grow and Learn” program, launched last year, has met its goal of sparking an interest in agriculture and research in children and youths, company officials said. Implemented last semester at the Manuel Fernández Juncos Public School in Juana Díaz, the pilot program impacted 23 elementary school students and their parents […]
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First Bancorp reports $50.1M in 4Q20, up 38% YoY
February 1, 2021
First Bancorp, parent company for FirstBank Puerto Rico reported net income of $50.1 million, or $0.23 per diluted share, for the fourth quarter of 2020, up 38% from the $36.4 million, or $0.16 per diluted share, reported for the fourth quarter of 2019. Financial results for the fourth quarter of 2020 reflected First Bancorp’s closing […]
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Never-ending wait for thousands of Puerto Ricans who filed claims in bankruptcy proceeding
February 1, 2021
By Luis J. Valentín-OrtizCenter for Investigative Journalism It was the morning of Nov. 18 when federal Judge Laura Taylor Swain asked several times if anyone had come to the offices of Piloto 151 in Hato Rey to participate in the hearing. A dozen people with masks waited outside, but the official from the federal court […]
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Startups, innovation projects invited to participate in funding competition
February 1, 2021
Puerto Rico startups and innovative research projects are being given the chance to access to funds from the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs — which represent the largest seed capital fund in the United States. The call to participate in the “Acércate al Grant” program comes from Colmena66, […]
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Puerto Rico’s electricity grid ranks last in utility performance survey
February 1, 2021
The Puerto Rico Electric Power Authority recently took last place in a survey conducted by J.D. Power that ranks 144 utilities based on six criteria that include power quality and reliability, price, customer care and communication. PREPA’s score was almost 50% lower than the average utility, 47% worse than the second worst comparable utility and […]
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United Retailers Association marks return of business academy
February 1, 2021
The United Retailers Association (CUD in Spanish) announced the return of its “CUD Start Your Business” academy to offer free training and support to establish new businesses. “We’ve already been able to be part of the creation of more than 100 companies as a result of our first two editions. In this third edition, we […]
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Science Trust, New Fortress Energy launch STEM Boxed Kits Experience: Energy Edition
February 1, 2021
The Puerto Rico Science, Technology and Research Trust announced a new collaboration with natural gas developer and distributor New Fortress Energy, to launch the STEM Boxed Kit Experience: Energy Edition, an eight week after school program reaching 200 middle school students from the San Juan area focusing on the fundamentals of energy. The goal […]
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CofC college chapters announce business competitions for university students
February 1, 2021
The College Chapters of the Puerto Rico Chamber of Commerce (CofC) announced the “Creative Mind in Action!” business competitions to promote entrepreneurial development among Puerto Rico university students. “For the past 20 years, the CofC College Chapters have dedicated themselves to fostering an entrepreneurial attitude among university students in our island,” said CofC President Juan […]
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