In response to the severe and extensive damage caused by Hurricanes Harvey, Irma and María, the Federal Home Loan Bank of New York ("FHLBNY") has made $1 billion in disaster relief funding available to its members to help rebuild communities in FEMA-designated disaster areas in Puerto Rico, the U.S. Virgin Islands, Florida, Texas and the Southeast.
JetBlue, the largest airline in Puerto Rico, today announced a multifaceted program to support both short-term relief and long-term recovery efforts on the island following the destruction from Hurricane María.
DDR Corp., which manages 12 malls throughout Puerto Rico, said today its Plaza Palma Real shopping center in Humacao sustained the most damage, while the remaining properties were less affected by Hurricane María.
The Puerto Rico Electric Power Authority (PREPA) Bondholder Group announced that its members have offered a debtor in possession (DIP) financing loan to the public corporation to help address the urgent need to repair the power grid in the wake of Hurricane María, following Hurricane Irma.
The head of the U.S. Food and Drug Administration, Scott Gottlieb said this week the agency is “doing all it can” to support the immediate needs of Puerto Ricans after Hurricane María’s destruction, as well as ensure supplies of critical drugs produced on the island.
Atlas Oil Company, a Michigan-based company specializing in emergency fueling, deployed 19 trucks for a 30-60 day operation to Puerto Rico to support the Department of Defense through its partner Foster Fuels, the company announced.
The Commonwealth of Puerto Rico is facing new risks and economic uncertainty following the devastation caused by Hurricane Maria last week, Moody’s Investors Service concluded in a report released Tuesday.
Pharmaceutical company Amgen confirmed Hurricane María did not significantly impact its critical manufacturing operations in Juncos, where it employs 2,000 people.
More than 7,250 people have signed up to a website wireless carrier AT&T has set up that allows anyone stateside (regardless of carrier) to register the cell phone number of a family member or friend who is an AT&T wireless customer in Puerto Rico.
Puerto Rico Farm Credit is reopening its office and services to all its clients in Puerto Rico, following Hurricane María’s path through Puerto Rico, Ricardo Fernández, president, said.
Verizon announced Monday support for the residents of Puerto Rico through a $1 million pledge to fund Hurricane María relief efforts. The carrier has partnered with the American Red Cross and World Vision.
Rep. Nydia M. Velázquez (D-NY) led members of Congress in writing the U.S. Department of Homeland Security calling for tangible steps to accelerate Puerto Rico’s recovery from Hurricane María.
Puerto Rican authorities have begun preparations for the passage of Hurricane Maria, expected to make landfall in Puerto Rico as a Category 3 hurricane on Tuesday.
The U.S. Census Bureau has updated its demographic projections for Puerto Rico, predicting that the island’s population will be at 2.98 million by 2025, or 25 years earlier than its original projection, the Puerto Rico Institute of Statistics revealed.
Grupo Guayacán, Inc. (GGI) announced the launch of its first-ever crowdfunding campaign, the “Guayacán Giving Day,” which concludes Sept. 21st.
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