FEMA OKs $194M+ in grants, $59M in loans for P.R. recovery
May 25, 2018
The Federal Emergency Management Agency recently awarded more than $194 million in additional Public Assistance grants for Hurricane María recovery in Puerto Rico.
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Winners of 3rd edition of ‘Battle of the Buildings P.R.-2017’ announced
May 25, 2018
As part of the effort to develop and promote best practices for greater energy efficiency in Puerto Rico, the Puerto Rico Energy Efficiency and Sustainability Alliance recently held its third annual energy savings and sustainability competition, the "Battle of the Buildings Puerto Rico — 2017 Edition.”
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MCS Foundation, Grupo Guayacán join to promote P.R.’S economic development
May 25, 2018
In an effort to expedite Puerto Rico’s full recovery following Hurricanes Irma and María, the MCS Foundation announced an alliance with Grupo Guayacán Inc. (GGI), a nonprofit dedicated to helping entrepreneurs in various stages of development.
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Popular announces early termination of FDIC Shared-Loss Agreements
May 24, 2018
Popular Inc. announced that, on May 22, its subsidiary Banco Popular entered into a Termination Agreement with the Federal Deposit Insurance Corp.
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Walgreens to invest $35M drugstore recovery, expansion efforts post hurricanes
May 24, 2018
Walgreens will invest $35 million in recovery and expansion efforts in Puerto Rico, where it owns 108 drugstores, a number of which were severely damaged by Hurricanes Irma and María last year.
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Facebook to sponsor business training events in P.R.
May 24, 2018
Digital platform Facebook will organize a series of training events aimed at small and medium enterprises in Puerto Rico, Gov. Ricardo Rosselló confirmed.
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DMO chief to speak about the entity as ‘vehicle for progress’
May 24, 2018
Brad Dean, CEO of the island’s Destination Marketing Organization, will discuss the direction that promoting Puerto Rico will take to members of the Puerto Rico Hotel and Tourism Association during an industry luncheon May 31.
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AbbVie donates $100M to strengthen access to healthcare, housing in P.R.
May 23, 2018
Research-based global biopharmaceutical company AbbVie will donate $100 million to two organizations, Direct Relief and Habitat for Humanity International, to strengthen access to healthcare and housing in Puerto Rico.
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HUD awards $151M to improve, preserve federal public housing in P.R.
May 23, 2018
The U.S. Department of Housing and Urban Development announced the allocation of $151.5 million in annual funding to the housing authority in Puerto to help make needed capital improvements to the agency’s properties.
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Revolution Precrafted, Grupo Cacho to build 2K houses in P.R.
May 23, 2018
Revolution Precrafted is expanding into its ninth international market, signing an agreement with Grupo Cacho to supply more than 2,000 residential villas in Vieques and Cabo Rojo.
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$10M Pueblo grocery store to open in Carolina urban center May 30
May 23, 2018
Local grocery store chain Pueblo announced the upcoming opening of a new, $10 million location in the town of Carolina’s urban center, on May 30.
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MMM launches educational campaign for older adults during hurricane season
May 23, 2018
The lessons learned from hurricanes Irma and María are the basis of the “Prepárate con MMM” (“Get Ready With MMM”) campaign, focused on guidance and prevention strategies for the upcoming hurricane season, the company announced.
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Some 800 P.R. entrepreneurs participate in ‘Google for Small Businesses’ event
May 23, 2018
Some 800 Puerto Rico entrepreneurs took part in the government-sponsored “Google for Small Businesses” event, which aimed to contribute to the digital transformation of the island’s small and medium businesses.
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Dorado Beach, A Ritz-Carlton Reserve to reopen October ’18
May 22, 2018
Dorado Beach, a Ritz-Carlton Reserve announced that the property will officially reopen its doors in October 2018, vowing to deliver “a transformative guest experience rooted in cultural immersion, that is brought to life through an unparalleled level of heartfelt care.”
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P.R. tourism ‘making great strides’ as summer travel season approaches
May 22, 2018
The Puerto Rico Tourism Co. on Monday offered a rundown of milestones reached in the months after Hurricane María, confirming the island’s readiness to host visitors as the summer travel season approaches.
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