Ford Puerto Rico announced the winners of the 20th anniversary edition of its Ford Environmental Grants program, which granted $40,000 to four winning projects. This year, the program focused on projects that explicitly contribute to the Sustainable Development Goals identified by the United Nations to improve the lives of everyone in the world, the company […]
PASH Global (PASH) and Oriental Bank in Puerto Rico have closed on a $15 million financing for a joint venture between PASH and PUMA Energy that will enable 200 PUMA gas stations in Puerto Rico to produce and consume solar energy. This project is the first of its kind and scale on the island, the […]
Puerto Rico and the US Virgin Islands have a “unique opportunity” to lead eco-responsible business innovations in the international market, as well as export services, technology, products, and knowledge in Blue Economy solutions that could translate into $82 million annually for Puerto Rico. How to achieve it was the main theme of the Bluetide Caribbean […]
During the most recent Porsche NEXT: Digital Innovation Forum, panelists concluded that Puerto Rico is “on the right track” to becoming a smart island that integrates renewable energy, sustainable architecture, electric vehicles, and environmentally friendly infrastructure. To fully achieve this objective, Puerto Rico must have a smart electrification network, have greater access to internet with […]
[COMMENTARY] The poor condition of Puerto Rico’s electric grid is common knowledge. After Hurricane María struck in 2017, many communities lost power for months. This long outage led to almost 3,000 deaths and an exodus of residents. Still recuperating from the aftermath of María, the southern part of the island was hit by a major […]
Environmental protection allows the population to enjoy nature, while contributing to their well-being and also indirectly promotes the creation of small business in the ecotourism industry. This positive cascade effect is how Federal Disaster Recovery Coordinator for Puerto Rico and the U.S. Virgin Islands, José Baquero Tirado, described the recent $6.2 million obligation to the Department of […]
Today, as the world observes the annual Earth Day celebration — under the “Restore Our Earth” motto — a cross-sector of industries have stepped forward to show their commitment to a better Puerto Rico and planet. Restoring the planet encompasses ongoing individual and collective efforts to achieve results in the short-, middle-, and long-term. It […]
IFCO Recycling Inc., a firm based in Ponce, has identified a warehouse in the southern town’s port zone in which it will invest $9 million to establish an operation to segregate and handle recyclable materials. The 80,000 square foot facility should be operating at full capacity within 18 to 24 months, Jean Paul González, the […]
Following a $5 million investment over the past five years, Agaia Latin America — makers of the biodegradable cleaning product line Evolve — is expanding operations to other countries, including the Dominican Republic and onto platforms like Amazon. The Evolve cleaning products, which are touted as being “people, planet and pet safe” are manufactured in […]
Puerto Rico’s banking sector, which is likely the most impactful sector of the economy, could use greater collaboration from the government to boost individual and commercial services, while reducing expenses for the public sector. Furthermore, the government could also move quicker toward stimulating the use of local banks to manage its liquidity and urge the […]
Looking to promote the development of the so-called “blue economy” in Puerto Rico and the U.S. Caribbean, nonprofit organization, Bluetide Puerto Rico (BTPR) recently signed a contract to design a strategic plan that will make Puerto Rico the central axis on this matter in the Caribbean. “Blue economy” is a term in economics relating to the exploitation and […]
In a special 2020 edition, the Ford Environmental Grants program assigned $40,000 among four winning projects in Puerto Rico, as part of its goal of empowering communities toward a more sustainable future by encouraging the proliferation of collective efforts to achieve a better planet. Due to the COVID-19 pandemic, this year the program opened a […]
The U.S. Department of Energy’s Weatherization Assistance Program has opened an application round for Puerto Rico homeowners looking to qualify for lower energy bills by installing efficient equipment. The program is overseen locally by the Department of Economic Development and Commerce’s Energy Public Policy Program. “We urge citizens who meet the established requirements to request […]
The Department of Economic Development and Commerce announced it has extended the deadline for companies interested in the development of the PROtech project in Yabucoa to submit their Requests for Qualifications. “After announcing last week the start of the process to receive Requests for Qualification applications for PROtech’s conceptual development, we decided to extend the […]
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