Op-Ed: Building P.R.’s solar energy storage workforce
April 29, 2019
In the immediate aftermath of Hurricane María, an estimated 95% of the Caribbean island was without power or cell service, and more than half of the population did not have access to clean drinking water. Three months later, 45% of the population — more than 1.5 million individuals — were still without electrical service and […]
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Op-Ed: Top-notch SBA resource partners help entrepreneurs thrive
April 26, 2019
The U.S. Small Business Administration is focused on elevating America’s 30 million small businesses, the engines of our national and regional economies. Collaboration with our resource partners is essential to our mission of helping them start, grow and expand. The SBA provides access to capital, training and additional resources to help small businesses start and […]
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Op-Ed: PREPA bond move — Creditors, politicians, enablers pursue deal but not a solution
April 25, 2019
A “business as usual” bond deal is about to be foisted upon Puerto Rico’s ratepayers and fledgling economy. It will result in a $400 million annual cash draw for at least the next 20 years. Think about wasting money on overpriced oil, political appointees and useless consultants over the last twenty years and then paying for […]
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Op-Ed: Puerto Rico enters 21st century of investing
April 24, 2019
Through executive order OE-2019-013 Puerto Rico Gov. Ricardo A. Rosselló shared with all government agencies and corporations his administration’s investment policy guidelines. The governor has charged the Fiscal Agency and Financial Advisory Authority (“AAFAF” by its initials in Spanish) with the responsibility of providing investment policy principles to each subdivisions and component of the government of […]
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AAA to sponsor 3-day event with Tourism Cares to benefit local communities
April 24, 2019
AAA — The Auto Club Group will join efforts to help Puerto Rico’s tourism industry, still recovering from Hurricane María, which devastated the island in 2017, the company announced. In May, AAA will sponsor a 3-day event, hosted by Tourism Cares, a nonprofit organization which unites the travel and tourism industry to benefit local communities. AAA […]
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Op-Ed: Democratic Socialism in America
April 23, 2019
“Americans have always understood the material progress owed to capitalism, but for just as long, they have also insisted upon their democratic right to curb its excesses.” (Americana – Bhu Srinivasan) If this is Democratic Socialism, then it is pervasive in the United States and creeping up. Medicare for all and free college tuition are two […]
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Op-Ed: PREPA privatization will not create competitive market, will lead to more dysfunction
April 22, 2019
Creating a competitive free market for electricity in Puerto Rico was a recurring theme of the U.S. House Natural Resources Committee hearing held April 9th on the rebuilding and privatization of the Puerto Rico Electric Power Authority (PREPA). But the discussion of what a competitive electricity market would look like remained vague, along with details […]
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Op-Ed: The small business boom rolls on
April 10, 2019
As Tax Day 2019 swiftly approaches, numerous entrepreneurs are seeing new benefits from the Tax Cuts & Jobs Act, enabling them to grow their ventures and hire additional staff. I recently co-hosted the White House Manufacturing Roundtable at which about 20 small business owners discussed the resurgence of manufacturing in the chemical, construction, consumer goods, […]
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Op-Ed: IRA Accounts — Are they taxable?
April 8, 2019
Individual Retirement Accounts (IRA) are one of the few instruments allowed by the Puerto Rico Internal Revenue Code that provide a tax benefit to individuals. In addition, it is an excellent vehicle to create a retirement fund. What is the taxable benefit? The benefit is to take a deduction in the income tax return for every […]
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What’s the better IRA for you?
April 4, 2019
[SPONSORED POST] It’s tax season, and you are looking for a tax relief. An IRA could be the perfect option for you, and it will help you save for your retirement and at the same time it would give you that relief that you are looking for. Before you choose a product, it is important […]
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Op-Ed: What is the new alternate basic tax for individuals?
April 2, 2019
This is the time of the year in which individuals receive financial information to prepare their individual income tax return. Understanding what changes were enacted through new legislation, and how each affects each particular situation, is not an easy task. Therefore, be aware of relevant changes applicable to tax years beginning after Dec. 31, 2018, […]
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Op-Ed: PREPA’s 20-year plan conflicts, undermines long-term renewables goal
April 1, 2019
Last month, the Puerto Rico Electric Power Authority filed its long-anticipated integrated resource plan – a 20-year plan for the transformation of the island’s power generation system – with its regulator, the Puerto Rico Energy Bureau. In the plan, PREPA details various scenarios for the build-out of generation infrastructure and a five-year action plan of […]
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PRiMEX launches exports program with selection of 12 Puerto Rican co.’s
April 1, 2019
Twelve companies were selected to participate in a new export program launched by the Puerto Rico Manufacturing Extension Inc. As part of the program each participant will receive 60 hours of free training, coaching and educational materials with which entrepreneurs can create their export plan and implement them with PRiMEX’s support. The main objective of […]
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Op-Ed: SBA celebrates Women’s History Month by promoting female entrepreneurship
March 19, 2019
In celebration of Women’s History Month, the Small Business Administration salutes women entrepreneurs who have taken risks in pursuit of their passions and who view setbacks or challenges as just another step to achieve something greater. Our agency and regional office, as well as our district offices throughout New York, New Jersey, Puerto Rico and […]
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Op-Ed: In P.R.’s federal funds stalemate, both sides have share of responsibility
March 6, 2019
With the ubiquitous discussion as to the fate of the colossal federal funding currently being disbursed by the Federal Emergency Management Agency and the $8 billion-plus CDBG-DR funds by U.S. Housing and Urban Development, the court of public opinion has already placed warnings on the recipient, the government of Puerto Rico. But in all fairness, […]
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