Puerto Rican investment industry expert Rivera joins CDVCA Board
August 18, 2020
The Community Development Venture Capital Alliance (CDVCA), a community development financial institution (CDFI) and player in the community development venture capital industry nationally, announced that local executive Myrna M. Rivera has been named to its Board of Directors. CDVA is the manager of two venture capital fund of funds, one of which is the $45 […]
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Hotel operator IHE to run Hyatt Place, Hyatt House hotels in Puerto Rico
August 17, 2020
International Hospitality Enterprises, a Puerto Rican hotel operator, will incorporate the four Hyatt Place and Hyatt House hotels in Puerto Rico owned by PRISA Group into management its portfolio, Federico Stubbe CEO of the latter company announced. “This transaction represents the union of two local companies committed to the tourism and economic development of Puerto […]
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Grupo Guayacán launches 11th cohort of the I-Corps Puerto Rico program
August 17, 2020
Grupo Guayacán is looking for business ideas and future entrepreneurs who are eager to learn how to start a business in a short, yet intense virtual series of workshops. This will be the 11th edition of Grupo Guayacán’s I-Corps Puerto Rico (I-Corps PR) program, the idea validation boot camp to be offered online at no […]
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Puerto Rico Gaming Commission to hold virtual public hearing
August 17, 2020
The Puerto Rico Gaming Commission will hold a virtual public hearing on Aug. 19, at 9 a.m., following last week’s reveal of plans to adopt the “Puerto Rico Sports Betting, Betting on E-Sport and Fantasy Competition” regulations. José Maymó Azize, executive director of the government agency said those interested in participating must register through the […]
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NUC University to offer virtual workshop to teachers of all disciplines
August 17, 2020
Given the new modality of distance learning in Puerto Rico due to the COVID-19 pandemic and the need to provide teachers with technology platform training to help them teach, NUC University announced a virtual workshop on Aug. 18 at 4 p.m. Venus García, from Microsoft Puerto Rico, will offer the training that will focus on […]
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Puerto Rico Bankers Association urges filling out 2020 Census
August 17, 2020
The Puerto Rico Bankers Association called on citizens to fulfill their duty to respond to the 2020 Census, “as soon as possible.” The data collected is crucial for the distribution of federal funds for the areas of education, hospitals, highways, public works and other essential programs. “We join the effort of several local organizations to […]
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FEMA OKs $7.7M to Puerto Rico Forensic Science Institute
August 14, 2020
The Federal Emergency Management Agency announced the assignment of some $7.7 million for the Puerto Rico Forensic Science Institute, known as the ICF in Spanish. This grant will cover work to repair damage to the only expert research center of its kind on the island and aims to improve the building’s capabilities in future events. […]
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Puerto Rico, USVI small businesses landed $618M+ in federal contracts in FY2019
August 14, 2020
The U.S. Small Business Administration announced that 2,067 small businesses in Puerto Rico and the U.S. Virgin Islands were awarded $618.8M in federal contracts during Fiscal Year 2019. The information is included in the agency’s Fiscal Year 2019 Small Business Federal Procurement Scorecard, which confirms that $132.9 billion in prime federal contracts — 26.5% of […]
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Puerto Rican firm We Connect transitions into virtual, 3D event planning
August 14, 2020
We Connect, a local company that provides solutions and strategies for event production, announced its expansion and transition into offering services to a virtual world. Through the adoption of Virtway Events, a proprietary and global platform/technology that allows the coordination of any type of event in 3D format, the company becomes the first Virtway certified partner […]
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HUD awards $5.4M to Puerto Rico to aid public housing residents
August 13, 2020
The U.S. Department of Housing and Urban Development announced the disbursement of $5.4 million in CARES Act funding to help low income families during the coronavirus pandemic. The assignment is part of a global disbursement of $472 million in funding that can be used by public housing authorities to help families assisted by Housing Choice […]
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Puerto Rico Ports Authority to invest $1.2M in loading dock fenders
August 13, 2020
The Puerto Rico Ports Authority will buy and install some 78 new fenders at the Puerto Nuevo facility’s C to H loading docks at a cost of $1.2 million, agency Executive Director, Joel A. Pizá-Batiz announced. The loading docks fenders must be replaced as soon as possible because they are deteriorated and do not fulfill […]
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Wovenware included in Inc. 5000’s list of fastest growing co.’s
August 13, 2020
Wovenware, a nearshore provider of Artificial Intelligence and digital transformation services and solutions, announced that for a fifth year, it has been named to the Inc. 5000, an annual list of America’s fastest-growing private companies, published by Inc. Magazine. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment — its […]
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Puerto Rico Labor Dept. disburses $78.5M in unemployment benefits
August 12, 2020
The Puerto Rico Department of Labor and Human Resources confirmed it has disbursed $78.5 million to some 12,662 claimants who were waiting to receive the retroactive payment of both the unemployment insurance compensation and the Pandemic Unemployment Assistance aid. “Some 12,662 people will be receiving their corresponding payments in the coming days,” Labor Secretary Carlos […]
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Highways and Transportation Authority launches AutoExpreso mobile app
August 12, 2020
The Highways and Transportation Authority announced the availability of the AutoExpreso Móvil application, which is free of charge for iOS and Android devices and will give users more control of electronic payments for the island’s toll payment system. “With this launch, we’re giving AutoExpreso users not only more control of their accounts, but also the […]
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Op-Ed: Because charity is more than giving away money
August 12, 2020
I’ve been executive director of nonprofit Cáritas de Puerto Rico for longer than I’ve been a priest. Thirteen years, one devastating hurricane, countless tremors, one pandemic and counting. But of all the misery, need and challenges that I’ve witnessed through my chosen career, one is more despiteful than any: indifference. I’ve seen it, at some […]
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