P.R. included in USDA home repair pilot program
June 4, 2019
Puerto Rico has been selected to participate in a pilot program sponsored by the U.S. Department of Agriculture’s Rural Development program, which is kicking off “National Homeownership Month.” USDA Rural Development State Director for Puerto Rico, Josué E. Rivera, said the island has been included in the Single-Family Housing Repair Loans & Grants program, also […]
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Gastronomic guides to promote food tourism
June 4, 2019
Entrepreneur and writer Paul E. González-Mangual announced the launch of a new gastronomic tourism agency called FOODIEcations, which aims to give foodies who travel to eat and live to eat knowledge about Puerto Rico’s culture through its gastronomy. “Traveling to eat has become a way of life for new generations. So much so, that millennials […]
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OBoard looks for out-of-court settlements with government vendors
June 3, 2019
The Special Claims Committee of the Financial Oversight and Management Board for Puerto Rico on Friday launched an informal resolution process that does not require onerous litigation to resolve its recent vendor actions, it announced. The resolution process is designed to resolve the majority, if not all of the vendor claims out of court and […]
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8th edition of P.R. Restaurant Week in full swing
June 3, 2019
The 8th edition of Puerto Rico Restaurant Week, an event designed to allow chefs to showcase their culinary creativity and for foodies to enjoy it, will run through June 10, organizers said. The event enrolls local restaurants that design a fixed-price (“prix fixe”) menu, to draw locals and tourists to their establishments, according to Kinori […]
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Customs: Truthful declarations can help avoid delays during busy summer travel season
June 3, 2019
The Caribbean is among the most favored destinations for travelers during the summer whether flying or enjoying a cruise ship. “While we invite visitors to enjoy all the wonders Puerto Rico, the USVI and our neighboring Caribbean islands offer, we encourage everyone to learn about the CBP process to make their traveling quick and […]
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Op-Ed: Rosselló ignores facts, misleads public about PREPA debt deal, IEEFA says
June 3, 2019
Supporters of the Puerto Rico Electric Power Authority’s proposed debt restructuring agreement — including Gov. Ricardo Rosselló and PREPA Executive Director José Ortiz — have recently argued that the rate increase imposed by the agreement will be mitigated by operational savings that will lower electricity rates. The governor’s and PREPA’s public statements about rate decreases […]
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Puerto del Rey inaugurates new Wally Castro Marine facilities
June 3, 2019
Puerto del Rey recently inaugurated new facilities for Puerto Rican boat dealer Wally Castro Marine. The establishment offers new offices and a showroom, where visitors can check out and shop for new boat models. Wally Castro’s presence over the years at the marina “adds special value to Puerto del Rey,” said Puerto del Rey’s CEO […]
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Don Q debuts special edition, double aged sherry cask finish rum
June 3, 2019
Destilería Serrallés Inc., producer of Puerto Rico’s premium rum Don Q, launched the new Double Aged Sherry Cask Finish Rum for the Puerto Rico market. Destilería Serrallés’ sixth-generation rum maker, Roberto Serrallés and Master Blender, Jaiker Soto, debuted the new rum as part of the distillery’s continued focus on unique barrel-aged expressions. The product will […]
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JetBlue increasing peak summer service to P.R. by 7%
May 31, 2019
JetBlue, Puerto Rico’s largest air carrier, announced that it has increased the number of seats it will offer to the island during the peak summer season by 7% over the same period in 2018. The increase in available seats comes amid a growing trend in demand from tourists and Puerto Ricans living on the mainland […]
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‘Boost Grant’ program launched to support students, researchers
May 31, 2019
A trio of nonprofits — the Puerto Rico Science, Technology and Research Trust, AAAS Caribbean and Ciencia Puerto Rico — have joined forces to launch the “Boost Grant,” aimed at giving continuity to the “Post Hurricane María Aid for Researchers” program. The funds — broken down into 24, $1,000 grants — will go to support […]
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P.R.’s Economic Activity Index up 1.6% Y-O-Y in April
May 31, 2019
Puerto Rico’s Economic Activity Index for the month of April 2019 reflected a 1.6% increase, to 121.3, when compared to the same month in 2018, Economic Development Bank President Gerardo J. Portela said. “The EAI for April 2019 reflects a reduction of 0.1% compared to the result obtained in March this year,” he said. “The […]
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NY Fed, P.R. Community Foundation partner to launch Investment Connection program
May 31, 2019
The Federal Reserve Bank of New York, in alliance with the Puerto Rico Community Foundation and Inclusiv, have joined to launch Investment Connection program, which seeks to connect local and U.S. mainland banks with community development projects on the island. The Investment Connection Program provides community organizations with a model that boosts an investment, donation […]
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PRiMEX launches workshops on business plans continuity as hurricane season begins
May 31, 2019
The Puerto Rico Manufacturing Extension’s (PRiMEX) Manufacturing Disaster Assistance Program announced the start of an islandwide workshop cycle to support, review and create resilience and business continuity plans for small and medium manufacturing companies. Ramón Vega, director of the Manufacturing Disaster Assistance Program, said the effort will be conducted jointly with the Bureau of Emergency […]
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AAFAF places P.R. Council on Developmental Disabilities under receivership
May 31, 2019
The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, by its initials in Spanish) put the Council on Developmental Disabilities (CDD), an entity attached to the Puerto Rico Planning Board under receivership. This action is intended correct certain serious deficiencies identified by the U.S. Department of Health and Human Services, which jeopardize approximately $2.5 […]
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Oversight Board refers 3 P.R. gov’t agencies, 11 towns to local, federal authorities
May 30, 2019
The Financial Oversight and Management Board for Puerto Rico announced it has referred to the local and federal Justice Departments three government entities and 11 municipalities that allegedly failed to transfer some $4.5 million in withholdings for defined contribution plans into individual employees’ retirement accounts. “One of the Oversight Board’s highest priorities is to maintain […]
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