UPR researchers assess human and fiscal costs of COVID-19 pandemic
December 30, 2021
A team of researchers at the University of Puerto Rico Cayey Campus recently released the findings of a study that probes the challenges that policymakers face during a pandemic — in this case COVID-19 — regarding the fiscal and human costs associated with different mitigation measures. The research entitled “Balancing fiscal and mortality impact of […]
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Puerto Rico among 30 jurisdictions exploring adoption of Apple Wallet digital IDs
December 28, 2021
Puerto Rico is among 30 jurisdictions that is exploring the possibility of adopting technology giant Apple’s digital ID feature, which would allow citizens to add their driver’s license or state ID to their iPhone’s digital Wallet application. The feature could go live early next year. The ID stored in the Wallet app could be used […]
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Puerto Rico Ports Authority gets $10M grant from US Dept. of Transportation
December 27, 2021
The US Department of Transportation announced it has awarded the Puerto Rico Ports Authority a $10 million grant to fund the reconstruction of the Tender Pier and Dock B in the Pier 15 area in Old San Juan. US Department of Transportation Secretary Pete Buttigieg announced the award of more than $241 million in discretionary […]
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No revelers allowed at Dick Clark’s New Year’s Rockin’ Eve celebration in San Juan
December 23, 2021
Following several days of an uptick in COVID-19 cases related to the Omicron variant registered in Puerto Rico, Gov. Pedro Pierluisi announced a change in plans for the Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2022 celebration in San Juan, eliminating access to the public. Instead, the lineup of performers will present for […]
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EPA assigns $12M to clean up former pesticide storage facility in Manatí
December 22, 2021
The US Environmental Protection Agency announced it has assigned $12 million to remediate some 2 acres of land in Manatí formerly used as a pesticide warehouse. The EPA will be addressing the most heavily contaminated soil of the Superfund site by digging it up and treating it using a technology that heats the material so […]
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PRxPR has allocated $1.5M in donations since Hurricane María hit
December 22, 2021
Motivated by the devastation that Hurricane María brought upon Puerto Rico when it hit in September 2017, a group of private citizens came together to help via a nonprofit that to this day continues to aid local communities overcome different challenges. In an interview with News is my Business, PRxPR founder Carmen Báez confirmed that […]
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’21 wraps up with exec. appointments across industries in Puerto Rico
December 22, 2021
As Puerto Rico wraps up 2021, industries across the board announced new executive appointments to lead their operations. MCS appoints senior VPMedical Card System Inc. announced the appointment of Gannett Ramos as senior vice president of IT Innovation and Strategy. Ramos’ professional career covers more than 30 years of experience in information systems, and […]
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Gov’t revokes 121 tax incentives decrees under Act 22
December 16, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) has revoked 121 tax incentive decrees to Act 22 (now Act 60) beneficiaries who failed to submit annual reports to the agency, as the law required. Carlos Fontán, director of the DDEC’s office of business incentives in Puerto Rico, said in April, the agency began […]
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Puerto Rico Labor Secretary stepping down Dec. 31
December 15, 2021
Following a year and a half at his post as Puerto Rico Labor Secretary, Carlos Rivera is stepping down for personal reasons effective Dec. 31, he confirmed in an interview with News is my Business. “I’ll be honest when I say that I had to manage an emergency and I wasn’t going to turn my […]
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Coalition vying for $100M in ‘Build Back Better Regional Challenge’ funds
December 14, 2021
The Northwestern Puerto Rico Bio Manufacturing Cluster, led by the Department of Economic Development and Commerce (DDEC, in Spanish), is in the running for $100 million in funds available through the US Economic Development Administration’s “Build Back Better Regional Challenge.” The federal agency confirmed that 60 finalists have been short-listed for the program that has […]
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Dorado Ritz not under contract for sale, but owners open to ‘alternatives’
December 8, 2021
The Dorado Beach, A Ritz-Carlton Reserve is not under contract for sale at this time, but one of the luxury hotel’s developing partners, PRISA Group, confirmed that it is always exploring alternatives for its properties. Federico Stubbe Jr., CEO of PRISA Group, told News is my Business “as developers, after a property is stabilized, we’re […]
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Gov’t drops plan to seek P3 for Puerto Rico Aqueduct and Sewer Authority
December 7, 2021
The Public-Private Partnership Authority announced it will no longer seek a private-sector partner to optimize the Puerto Rico Aqueduct and Sewer Authority’s (PRASA) water consumption measurement system and the management of its commercial operation. This comes more than three years after the P3 Authority published a Request for Qualifications in June 2018 to identify of […]
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PRICEC buys rights of conglomerate of popular culinary events in Puerto Rico
November 25, 2021
The Puerto Rico Culinary Events Conglomerate announced the acquisition of the production rights of several popular culinary events on the island in recent years from Imagenda, a company that is part of CGV Creative Group. The financial terms of the deal were undisclosed. This group of entrepreneurs will now produce several well-known festivals such as […]
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Puerto Rico/USVI businesses approved for $2B+ in SBA COVID disaster loans
November 22, 2021
The U.S. Small Business Administration has approved more than 28,000 loans to businesses in Puerto Rico and the US Virgin Islands exceeding $2 billion through its COVID Economic Injury Disaster Loan (EIDL) program, it announced. When broken down, Puerto Rico-based small businesses have been approved for 26,751 loans, worth $2 billion, while the USVI has […]
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Miami-based Grand Havana Cafe opening shops in Puerto Rico
November 18, 2021
Miami-based Grand Havana Cafe announced it has entered negotiations with AM:PM City Market Corp. to acquire its business portfolio in Puerto Rico, which includes locations in Isla Verde and Hato Rey. After the closing — expected to happen during the first semester of 2022 — the shops will be converted into Grand Havana Cafes, company […]
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