Puerto Rico Treasury Secretary Francisco Parés announced that starting Monday and through May 1, individuals who are self-employed will be able to request the $500 economic incentive announced by the governor, through the agency’s Unified Internal Revenue System (SURI, in Spanish). “Following the Strategic Plan to reactivate the economy, announced by Gov. Wanda Vázquez, on […]
A survey conducted by A&Answers this week revealed that, among other things, 80% of Puerto Rico residents are very worried about the spread of the COVID-19 virus and only 53% feels prepared to protect themselves against the disease. The conclusions were part of the “How does Puerto Rico feel about the current coronavirus situation?” which […]
The U.S. Census Bureau published the most recent data from the Annual Population Estimates for municipalities in Puerto Rico, which shows that from April 1, 2010 to July 1, 2019, seven towns lost at least 20% of its residents. According to the percentage change in the estimates, the seven municipalities that reflected this level of […]
Puerto Rico’s already-battered economy stands to lose between $3 billion and $3.9 billion during a month-long lockdown and as much as $10.1 billion if the period stretches to three months, according to a study released by ABEXUS Analytics. The local startup that specializes in using analytics-related technology to help businesses connect data and the performance […]
The College of Engineers and Surveyors of Puerto Rico offered the government Task Force assistance to treat and contain the effects of COVID-19 by helping to provide medical facilities quickly to meet the expected increased demand for hospital services, which has been the global challenge to deal with the virus. “It’s evident that the countries […]
Looking to boost growing local businesses, the Fundación Mochileando 100×35, sister organization to Puerto Rico’s most far-reaching travel blog, Mochileando, launched the “Despega tus sueños” (“Let your dreams soar”) initiative, to award $5,000 to two budding entrepreneurs. Wilson Santiago, travel blogger and president of the nonprofit organization, explained that this program is relevant right now, […]
Two local companies have reached a significant agreement that will benefit 150 employees currently out-of-work because of the islandwide lockdown. In a statement, the management of local supermarket chain SuperMax and Grupo Colón-Gerena, operator of the Red Lobster and Sizzler in Puerto Rico have partnered to safeguard the restaurant employees by relocating them to supermarket […]
The Federal Emergency Management Agency announced it has assigned another $18.7 million in funds to continue recovery efforts throughout Puerto Rico, including $832,978 to make repairs at the governor’s mansion. La Fortaleza, as the historic structure is known, will get repairs to the roof, second floor, human resource and finance offices in the Yellow Palace/Real […]
In a prepared message and flanked by Financial Oversight and Management Board for Puerto Rico officials, Gov. Wanda Vázquez unveiled a sweeping incentives package to help individuals and small businesses handle the effects of the COVID-19 shutdown, now entering its second week. While 134,200 central government employees will continue to receive their paychecks, private-sector workers, […]
Causa Local, the local representative of the Kiva crowd-lending platforming, unveiled a new financial product offering loans of up to $15,000 at 0% interest for small and medium businesses and enterprising artists. The amount represents a $5,000 increase in funding available to applicants, in comparison to the $10,000 cap the program offered when it was […]
The Puerto Rico Institute of Statistics unveiled a new dashboard on its website called COVID-19, through which citizens will have access to official data on the local impact of the virus, based on data provided by the Health Department, agency Executive Director, Orville Disdier said. Among the data that users will be able to access […]
Yvette Collazo, who for the past seven years has headed the U.S. Small Business Administration’s Puerto Rico and U.S. Virgin Islands territories, will be stepping down from her post effective Mar. 27. She has accepted a position with the U.S. Environmental Protection Agency in Washington, DC, which she described as “a career dream come true.” […]
Shipping company FedEx confirmed it continues to make its deliveries, while “adhering to all regulations and guidelines from government authorities related to containment of COVID-19.” Rolando Medina, managing director of operations for the FedEx Express Latin America and Caribbean division, which serves Puerto Rico, “continues to operate inbound and outbound flights to and from impacted […]
Three Puerto Rico-based technology and telecommunications service providers have responded to the Federal Communications Commission’s call to assist consumers during the COVID-19 crisis. On March 13, FCC Chairman Ajit Pai called on broadband and telephone service providers to promote connectivity to people affected by the disruptions caused by the coronavirus COVID-19, to ensure they do […]
Given the crisis that Puerto Rico is experiencing due to the coronavirus (COVID-19) preventive lockdown, several major banks and financial institutions are taking special measures to attend to customers, mostly remotely. The Puerto Rico Bankers Association said among other measures, local banks have implemented recurring periods of hand washing for employees, a control of the […]
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