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 […]
The Puerto Rico Economic Development Bank and the United Retailers Association (CUD in Spanish) approved $820,000 in grants to entrepreneurs in the municipality of Camuy and delivered subsidies that amount to $651,670, the bank confirmed. The funding is part of an alliance between the government agency and the private-sector trade group, which “results in direct […]
With an investment of more than $600,000, MCS marked its arrival at Plaza Las Américas with the opening of a new sales and service center, known as the MCS Spot. With 3,200 square feet, the new center creates more than 40 jobs, and will provide a place at at the Hato Rey mall where, in […]
One of the most important industries in Puerto Rico is the rum industry, not only for its economic contribution but also for its legacy. As a pioneer in this sector, the island has experienced an expansion of the market and an evolution of the consumption patterns, which has increased production and competitiveness. In terms of […]
The Albanistería workshop is marking its first anniversary as an organization helping women and girls build a path to self-sufficiency by learning to skills in repairs and construction work. The project located in Bayamón, and founded during the COVID-19 pandemic, has already trained more than 320 women and 60 girls since 2020, including a cabinetmaking […]
The US Department of Agriculture announced that seven rural projects in Puerto Rico will split $500,000 in grant funding from the Rural Energy for America Program (REAP), to reduce the impacts of climate change on those communities. The selected projects across the island were: San Pedro Farmacy of Lajas (Cortes-Lebron Family), which is receiving a […]
Puerto Rico will receive $78.4 million through the Bipartisan Infrastructure Law in 2022, which comes from the US Environmental Protection Agency’s State Revolving Fund (SRF) to upgrade aging water infrastructure and address key challenges like lead in drinking water and other contamination issues. EPA Administrator Michael S. Regan announced the round of funding that totals […]
Luquillo, Fajardo and Naguabo are the most recent municipalities to join the more than 67 recreational plazas that will be transformed with a $9.7 million allocation from the Federal Emergency Management Agency (FEMA). This approval of federal funds will be used to repair damage caused by Hurricane María and will include hazard mitigation measures for […]
After winning an appeal of a lawsuit related to the oversight of adult gaming slot machines, the Puerto Rico Gaming Commission is waiting for its share of $3.5 million from the Puerto Rico Treasury Department, from the $6 million earned this term to hire staff and straighten out the sector, agency officials said. The San […]
An estimated 125,000 people, or 54,920 families or taxpayers, could cross the poverty line in Puerto Rico by adopting the new Earned Income Tax Credit, Economist Daniel Santamaría-Ots, senior public policy analyst at Espacios Abiertos, confirmed upon analyzing tax returns filed for the year 2019. The nonprofit released the results of the study entitled “The […]
A new study by ParkSleepFly revealed that Puerto Rico is the most in-demand vacation destination for US tourists in 2021. Searches for Puerto Rico vacations have increased by 61.11%, the fourth highest growth in popularity of the countries included in the study that analyzed Google search data for flights, vacations, and hotels in popular tourist […]
Considering the increasing incidence of cybercrimes, companies must know their risk profiles, prioritize cyber hygiene, and identify the appropriate insurance solutions for their type of company, but above all, start as soon as possible. Those were some of the recommendations offered by Brian J. Schnese who, prior to becoming a risk consultant for Hub International, […]
Low-fare carrier Frontier announced new nonstop flights from Boston and Hartford, CT to Puerto Rico, connecting not only the Luis Muñoz Marín International Airport (LMM), but the Rafael Hernández Airport in Aguadilla as well. The start of the airlines’ operations in Aguadilla, which will run year-round, will have an impact of about $3.9 million, […]
Puerto Rico’s growing start up and entrepreneurial ecosystem is now supported by a comprehensive resource guide called BASED. Founded by young Puerto Rican entrepreneur Gustavo Diaz-Skoff, BASED is a subscription-based digital platform and quarterly magazine that provides aspiring entrepreneurs, changemakers and business leaders the tools, resources, and inspiration to build a better Puerto Rico. “I […]
Automation has turned the corner far enough to reach the pile of resumes of job seekers sitting atop the desk of a typical human resources executive. The crucial document is being screened at present time by artificial intelligence (AI) before it even reaches the hands of the top recruitment decision-makers. In reality, it’s two technologies […]
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