Habitat for Humanity drafts long-term hurricane recovery plan for PR
October 4, 2017
In response to the overwhelming destruction caused by Hurricane María in Puerto Rico, Habitat for Humanity has expanded its Habitat Hammers Back initiative to aid impacted families and individuals on the island, the nonprofit announced.
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Kimco Realty malls in PR sustain damage, under repair
October 4, 2017
Mall operator Kimco Realty Corp. said Tuesday recovery efforts are underway at its seven Puerto Rico assets in the wake of Hurricane María.
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PR’s debt payments could be reduced to 0, for now
October 3, 2017
Puerto Rico’s debt service payment could be reduced to zero in the short-term, when the Financial Oversight and Management Board for Puerto Rico modifies the fiscal plan to readjust it to the island’s new panorama following the humanitarian crisis provoked by the passage of a category 4 hurricane through the island.
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CITGO donating 50K barrels of diesel to PR relief efforts
October 3, 2017
CITGO Petroleum Corporation, an indirect, wholly owned subsidiary of Petroleos de Venezuela, S.A., announced it will donate up to 50,000 barrels of diesel to Puerto Rico.
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AT&T connects 8M calls, 4M texts daily over PR network
October 3, 2017
AT&T confirmed Monday it is currently connecting more than 8 million calls and 4 million texts a day over its network in Puerto Rico, as it continues to work around the clock to restore its network, which also covers the U.S. Virgin Islands.
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Private energy co.’s offer to help restore PR’s power grid
October 2, 2017
Solar provider Sunnova and residential energy storage company sonnen Inc. announced separately on Monday plans to work with Puerto Rico authorities to support efforts to rebuild a more robust energy grid and deliver power to island residents quickly.
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Study: 20 U.S. cities to receive ‘brunt’ of PR migrants
October 1, 2017
Twenty major metropolitan areas with 50,000 or more Hispanics of Puerto Rican origin will likely absorb the influx of climate refugees from the island, according to a study released by research firm Eureka Facts on Sunday.
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Op-Ed: Hurricane María has shifted our entire focus
October 1, 2017
Today, days after the monstrous storm, Hurricane María, slammed into our shores with sustained winds of 155 miles per hour, our entire focus has shifted.
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Lufthansa transports relief-aid goods to Puerto Rico
October 1, 2017
The Lufthansa Group has deployed an MD 11 Cargo Aircraft from Frankfurt Airport that will arrive to Aguadilla today, bringing supplies to the western region that was devastated by Hurricane María.
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USDA ships food boxes to PR, USVI for hurricane victims
September 30, 2017
Puerto Rico families struggling in the aftermath of Hurricane María have started receiving assistance in the form of food boxes packed with nutritious, 100 percent American grown and produced USDA Foods from the U.S. Department of Agriculture (USDA).
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US House OKs bill giving PR employers income tax credit
September 28, 2017
The U.S. House of Representatives passed Thursday legislation that will enable employers in Puerto Rico to get an income tax credit of up to $6,000 for each employee that they pay up to $15,000 in the wake of Hurricanes Irma and María.
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FHLBNY makes $1B in disaster relief funding available
September 28, 2017
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.
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JetBlue unveils 100x35JetBlue PR hurricane relief effort
September 28, 2017
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.
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DDR assessing damage to 12 malls, re-opening uncertain
September 28, 2017
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.
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PREPA bondholders offer $1B to support recovery work
September 27, 2017
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.
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