Generators supplying power to Palo Seco to stabilize grid
October 30, 2017
Two generators, part of a $35.1 million contract by the U.S. Army Corps of Engineers, began providing up to a combined 50 megawatts of electricity Oct. 30, 2017, to the Palo Seco power plant near San Juan, the agency announced.
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Direct Relief brings $21M in meds, medical goods to PR
October 30, 2017
Direct Relief, which for the past eight years has been supporting a network of nonprofit community health centers in Puerto Rico, delivered $21 million in medicines and medical products to the island over the weekend, the company confirmed.
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Sacred Heart U. offers free online courses to PR students
October 30, 2017
Sacred Heart University in Santurce, in partnership with the Faculty Resource Network, New York University (NYU) and the University of Cincinnati, has developed an online program, free of charge, for university students who were affected by Hurricane María.
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50+ towns use Rock Solid accounting systems thru crisis
October 30, 2017
In the face of the crisis that Puerto Rico has suffered after Hurricane María, software development company Rock Solid Technologies opened its doors to municipal governments and private clients to use its accounting systems to perform tasks, such as: payroll, purchase orders, disbursements, requisitions and accounts payable, the company confirmed.
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CNE: PR must ‘leapfrog’ into renewed, resilient island
October 27, 2017
Returning to the status quo that existed prior to Hurricane María will not be enough for Puerto Rico: the island must seek to leapfrog into a renewed development platform, generating a profound retooling and modernization of its productive and institutional infrastructure.
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Triple-S focuses on restoring health services post storm
October 27, 2017
The wake of destruction left by Hurricane María demanded a refocusing on the part of Triple-S to address the pressing needs of its most vulnerable patients, providers, insured groups and communities, company officials said.
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Future Farm to open 5 medicinal cannabis clinics in PR
October 27, 2017
Future Farm Technologies Inc. announced Thursday a joint venture between Future Farm and TCG Investments, LLC, owners of the Clínica Verde brand of medical cannabis dispensaries to open five locations in Puerto Rico.
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TOTE plays ‘critical role’ in delivery of relief goods to PR
October 27, 2017
TOTE Maritime, through its partnerships with diverse organizations and individuals such as Monica Puig and the American Red Cross, is playing a leading role in the delivery of relief cargo to Puerto Rico.
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Act 20/22 investors launch $16M loan program in PR
October 26, 2017
Puerto Rico residents and Act 20/22 decree investors Toby Neugebauer and Charlie Hamilton announced a long-term partnership with microfinance organization Grameen America to support women entrepreneurs on the island.
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Total PR anticipates ‘marked changes’ in PR fuel market
October 26, 2017
Puerto Rico’s fuel market has had to adjust rapidly to the dramatic rise in diesel fuel demand since Hurricane María struck on Sept. 20, which in the case of Total Petroleum is five times higher than prior to the storm.
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Metropistas, Abertis, Goldman Sachs donate $1M to PR
October 26, 2017
As a way to contribute to Puerto Rico’s recovery in the wake of Hurricane María, Autopistas Metropolitanas de Puerto Rico (“metropistas”) investment partners Abertis and Goldman Sachs announced a $1 million donation toward hurricane relief efforts on the island.
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GFR launches real estate investment firm subsidiary
October 25, 2017
Grupo Ferré Rangel, a Puerto Rico-based family office known for its focus on high-growth companies, has launched a new wholly owned subsidiary, Kingbird Properties, to expand its real estate portfolio in the U.S. and Latin America, the company announced.
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Moody’s puts Sacred Heart Univ. on review for credit cut
October 25, 2017
Moody's Investors Service has placed the Ba3 rating on Sacred Heart University’s General Revenue and Refunding Bonds, 2012A on review for downgrade.
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SJ in Lonely Planet’s ‘Best in Travel’ Top 10 Cities for ’18
October 24, 2017
Puerto Rico's capital, San Juan, has been showcased as one of Lonely Planet’s “Best in Travel” Top 10 Cities for 2018, a positive for a city that is still dealing with the aftermath of Hurricane María.
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PR gov’t balks at suspension of passport services
October 24, 2017
Secretary of State Luis Rivera-Marín expressed his dissatisfaction Monday with the interruption in passport services the U.S. Department of State ordered, which forces Puerto Rico residents to request the service in Miami.
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