Agriculture announces opening of applications for hemp pilot projects licenses
July 5, 2019
Puerto Rico Agriculture Secretary Carlos Flores announced the availability of applications to obtain licenses for hemp research pilot projects through its website. “We’re in the execution and compliance period for several initiatives that have been routed from the start of the administration,” Flores said. “That said, we’re starting the process of research in science and […]
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Ana G. Méndez University’s Carolina campus offers new Master’s in Global Business
July 5, 2019
The Ana G. Méndez University in Carolina will launch a Global Business Master’s degree program in August to fill the need from companies to recruit staff able to understand the external factors that occur in different industries. Global businesses require a human resource capable of understanding the management of foreign investment and market structure that […]
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Former exec who brought down Westernbank sentenced to 30 years in prison
July 4, 2019
A Key Biscayne, Florida, resident and the former CEO of a now-bankrupt multinational pharmaceutical company was sentenced to 30 years in prison followed by five years of supervised release yesterday for his role in a $100 million scheme to defraud Westernbank of Puerto Rico. The losses triggered a series of events leading to Westernbank’s insolvency […]
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Oversight Board sues Rosselló administration over Law 29
July 4, 2019
The Financial Oversight and Management Board for Puerto Rico has filed a lawsuit against the Gov. Ricardo Rosselló, and the Puerto Rico Fiscal Agency and Financial Advisory Authority in the U.S. District Court for Puerto Rico to prevent the government from enforcing Law 29 and to compel it to comply with the Puerto Rico Oversight, […]
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United Retailers Association announces annual convention July 19-21
July 4, 2019
With the commitment to inject agility to, and become a meeting point for businesses, the United Retailers Association announced its annual convention to be held July 19-21 at the Wyndham Grand Rio Mar hotel. The CUD, as the trade group is known for its initials in Spanish, will take the opportunity to reveal the results […]
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Engineers and Surveyors, InterAmerican University join to promote successful revalidation
July 4, 2019
The College of Engineers and Surveyors of Puerto Rico (CIAPR, for its initials in Spanish) and the InterAmerican University of Puerto Rico have reached a collaboration agreement to reinforce the professional skills of engineering program graduates and promote revalidation exams. “During our presidency we have focused on promoting the importance of the revalidation of engineering […]
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FEMA approves $12M+ in additional federal grants to P.R.
July 3, 2019
The Federal Emergency Management Agency announced it has awarded approximately $12.6 million in additional funds to Puerto Rico to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to $5.8 billion and $28.2 million under the agency’s Hazard Mitigation Grant Program, the agency said. The […]
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Rosselló signs executive order to create lobbyist registry
July 3, 2019
Gov. Ricardo Rosselló has signed Executive Order 2019-031 to create a Lobbyist Registry in which participants must register and disclose any lobbying efforts at a Puerto Rico government agency. Likewise, the executive order also establishes the creation of a so-called Transparency Code for all executive branch cabinet members. “In the past, the practice by some […]
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Agriculture Dept. allocates $1M for drought mitigation program for livestock
July 3, 2019
The Puerto Rico Agriculture Department has allocated $1 million to create an incentive program that would help mitigate the effects the drought has had on livestock in 17 municipalities of the island. Agriculture Secretary Carlos Flores-Ortega signed an order authorizing the Agricultural Enterprises Development Administration (ADEA, for its initials in Spanish,) to create a mitigation […]
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FirstMortgage announces availability of ‘Homebuyer Dream Program’
July 3, 2019
Buying a home is the goal of many Puerto Rican families who, in some cases, do not have the financial resources to do so. To make it possible for more families to buy their first primary residence, FirstMortgage announces that, starting this month and until the funds run out, individuals will be able to apply […]
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RICOH, CofC of the South offer workshop STEAM skills development in schools
July 3, 2019
The concept of the intelligent classroom that combines new teaching methods with advanced technologies, continues to revolutionize education with applications accessible to educational institutions in Puerto Rico, according to representatives from RICOH during a workshop offered in conjunction with the Chamber of Commerce of the South (CCSPR.) During the event, RICOH highlighted the role of […]
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MCS Foundation makes $50K donation to benefit P.R.’s elderly
July 3, 2019
MCS Foundation announced its first donation under its initiative to improve the quality of life of the elderly in Puerto Rico with a $50,000 donation to the Sociedad de Educación y Rehabilitación (SER) de Puerto Rico during its recent telethon. The donation will make possible the launching of the entity’s aquatic therapies program, created to […]
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Rosselló signs P.R. Incentives Code into law
July 2, 2019
Gov. Ricardo Rosselló has signed Act 60-2019, known as the “Puerto Rico Incentives Code,” which will establish a new process for granting and overseeing all of the government’s allocated incentives. Among the new incentives is the Student Savings Plan Program through which the government will establish an account and deposit $1,000 for each kindergarten student […]
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DMO: P.R.’s year-to-date tourism revenue of $445M set to break records
July 2, 2019
Discover Puerto Rico, the island’s Destination Marketing Organization, marked its one-year anniversary, announcing that tourism is the strongest it’s ever been, as the destination tracks toward a record-breaking year. Year-to-date revenue is the highest in the island’s history, with $445 million reported through May, Brad Dean, CEO of Discover Puerto Rico, said. The island has […]
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14,800 PREPA customers benefiting from utility’s net metering program
July 2, 2019
Some 14,800 Puerto Rico Electric Power Authority customers are benefiting from Net Metering Billing, representing about 70 million-kilowatt hour of energy consumption through renewable energy sources including solar, wind and geothermal. Under net metering, renewable energy system supplies all or part of the client’s electricity consumption; excess energy, if any, is exported to PREPA’s electrical […]
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