The Puerto Rico Economic Development Bank doubled the number of loans approved for small and mid-sized businesses in 2021, when compared to 2019, agency President Luis Alemañy said, adding that in doing so, “the public corporation has become one of the main sources of aid and financing” for that segment known as SMEs. Offering a […]
The Puerto Rico Department of Education announced a $75 million initiative to provide wireless broadband access to public school students and teachers through June 30. In a release, the agency confirmed the funding will come from the federal Emergency Connectivity Fund. The three companies participating in the initiative are Liberty Puerto Rico, Claro Puerto Rico […]
The Airbnb short-term rental platform confirmed that 23.5% of hosts in Puerto Rico said they started sharing their space to earn extra spending money, while 32.7% said they did it to make ends meet. Meanwhile, 25.5% of the hosts surveyed confirmed they want to earn money to grow as an Airbnb host, while 5.9% participate […]
Aware of the large number of projects that must be implemented in the coming years as part of the efforts and funds allocated to Puerto Rico’s recovery and reconstruction, the Puerto Rico Manufacturers Association, in collaboration with OKA Project Management & Strategic Leadership, launched the Project Management Academy PM4PRR3 (Project Management for Puerto Rico’s Recovery, […]
New car sales in Puerto Rico hit a record figure last year, when 129,145 vehicles were sold, representing a 36% jump when compared to 2020, and the highest growth since 2005, when 140,400 units were sold, the United Automobile Importers Group (GUIA, in Spanish) announced. Last year’s industry growth happened despite the effects of the […]
The Puerto Rico Ports Authority announced it has received $8 million from the Federal Aviation Administration, which it will earmark to cover capital improvement projects in the island’s airport system. In a release, agency Executive Director Joel Pizá said the specific projects will be: The expansion project of the passenger terminal and installation of jet […]
The Puerto Rico Agriculture Department announced that the American Farm Bureau Federation’s 104th annual convention will take place in San Juan, for the first time, Jan. 6-11, 2023. More than 5,000 farmers from the 50 states and Puerto Rico are expected to participate in this event in which industry leaders will be educating farmers about […]
A delegation from Discover Puerto Rico will arrive in Spain next Monday to participate in the new edition of the International Tourism Fair (FITUR) that will take place in Madrid Jan. 19-23. The group will take all possible precautions to avoid COVID-19 infections during the event that brings together thousands of people in one of […]
More than 304,000 families could benefit this year from the Child Tax Credit (CTC) and 466,000 families from the Work Credit benefit, which together will benefit their pockets and inject up to $2.6 billion into the Puerto Rican economy, according to for Youth Development Institute of the nonprofit Espacios Abiertos (EA). Economist María Enchautegui, the […]
OncoHealth, a digital health company dedicated to navigating the physical, mental, and financial complexities of cancer care, has announced a multi-year partnership with Triple-S Salud. OncoHealth and Triple-S have been partners for more than two years and now they have expanded their partnership to include cancer treatment reviews for all lines of business, including 450,000 […]
Virtual meetings are here to stay, but there is life beyond Zoom, Microsoft Meet, and Skype. Let’s peek at the newer virtual conference platforms to help users find for 2022 one that adjusts to their particular needs. True, Zoom is reliable for significant video calls, as Google Meet is great for regular Google Workspace users. […]
The US Department of Treasury approved Puerto Rico’s plan to use some $75.6 million for the Homeowner Assistance Program to help homeowners who have faced difficulties paying the mortgage on their primary residence, and other housing-related expenses, due to the COVID-19 pandemic. “This program is aimed at preventing mortgage defaults, home foreclosures and the loss […]
MasTec North America Inc., a FL-based infrastructure construction company, is suing Claro Puerto Rico for $10 million in outstanding pay for the work it did to restore the telecommunications provider’s “devastated” infrastructure following Hurricane María in 2017. In a lawsuit filed last week in the US District Court of Puerto Rico in San Juan, the […]
Due to the passage of the American Rescue Plan, Puerto Rico has received $35.4 million for the Low-Income Home Energy Assistance Program (LIHEAP) available this fiscal year, which runs through September 2022. As part of a state-by-state breakdown of funding, the White House reported that in addition to an annual appropriation of $15.2 million for […]
Gov. Pedro Pierluisi has appointed Gabriel Maldonado-González as Puerto Rico’s new Department of Labor and Human Resources secretary, filling the vacancy left by his predecessor, Carlos Santiago, who stepped down Dec. 31. Maldonado has extensive government and private sector experience, as well as in the field of labor law, both in the state and federal […]
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