A survey conducted by nonprofit Mentes Puertorriqueñas en Acción of 535 Puerto Rico college students confirmed many of them have experienced a financial blow from the COVID-19 pandemic and curfew. The data shows that more than two thirds of the students have seen a reduction in their income. A number of them students were unemployed, […]
A group of 13 students from the Nuestra Señora del Carmen School in Río Piedras won first place in the British English Olympics world-class competition, the BEO Challenge, after competing against another 40 schools from around the world, Sacred Heart University announced. This competition, sponsored by the Oxford International Education Group, fosters academic excellence by […]
In an effort to learn how the COVID-19 crisis affected its membership, the Puerto Rico Chamber of Commerce and Inteligencia Económica have launched an initiative to measure the effects of the economic crisis created by the pandemic and the government-mandated curfew. Several economists have estimated the effect of the pandemic on the Puerto Rican economy […]
The economic crisis Puerto Rico is facing while in the grip of the COVID-19 pandemic requires forceful action on the part of the government and Financial Oversight and Management Board for Puerto Rico, according to nonprofit Espacios Abiertos. “When we analyze the international context and Puerto Rico’s situation in light of the economic projections contained […]
U.S. Department of Housing and Urban Development Secretary Ben Carson announced the assignment of $241,205 to Puerto Rico, as part of nearly $77 million nationwide in a fourth wave of CARES Act funding supporting up to 8,300 additional vouchers. Funding for the island will benefit the Puerto Rico Public Housing Administration ($140,143), the Municipality of […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the disbursement of more than $37 million in additional funds for 121 projects approved between May 8-14. As social distancing measures continue to safeguard residents, FEMA and COR3 remain focused on prioritizing obligations of funds to municipalities for […]
With less than two weeks to go before the next hurricane season, we must inevitably ask ourselves, are we ready to cope with the continuing consequences of Hurricane María, the challenges of the recent earthquakes in the South, a pandemic, and the possible impact of a hurricane in the coming months? Strong emotions can surface […]
The U.S. Environmental Protection Agency Region 2 is awarding a $1.4 million Diesel Emissions Reduction Act grant to the University of Puerto Rico’s Medical Sciences Campus to replace 15 old heavy duty drayage trucks, the agency announced. The university will also develop seminars for diesel vehicle owners and the general public in Puerto Rico to […]
Nonprofit organization More than Baseball is launching a fundraising project with the Food Bank of Puerto Rico to help minor league players and provide food to communities affected by the COVID-19 crisis in Puerto Rico. The initiative will run May 15-31 and 25% of the proceeds will be donated to the Food Bank. More than […]
Sam’s Club Puerto Rico will donate $25,000 to the Pediatric Hospital Foundation for the purchase of a ventilator that will be available to patients of the Dr. Antonio Ortiz University Pediatric Hospital at the Río Piedras Medical Center. The donation to the Pediatric Hospital Foundation’s Extraordinary Needs COVID-19 Fund will help the entity to continue […]
The Private Alliance for Economic Growth of Puerto Rico has launched a campaign called “Bring Tourism Back,” to aimed at supporting the resumption of the tourism industry on the island after the blow the sector has experienced due to the COVID-19 pandemic. “We believe that this effort can be the bridge to sustained and sustainable […]
The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) chose Gaming Laboratories International (GLI) to provide consulting and advisory services to the Puerto Rico Gaming Commission, created by virtue of Act 81-2019, the agency announced. GLI will assist the Commission in the drafting of the regulations governing the operations, and providing consulting […]
The U.S. Small Business Administration, in consultation with the U.S Department of the Treasury, released the Paycheck Protection Program (PPP) loan forgiveness application and detailed instructions for the process. “The documents released will help small businesses seek forgiveness at the conclusion of the eight-week period covered under the law, which begins with the disbursement of […]
One of the topics that interests me the most and that I have always wanted to promote inside and outside my professional life is the importance of building sustainable economies, that is, working together to establish local economies that are economically and environmentally responsible. To understand it better, sustainable economic growth is economic development that […]
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