The rum industry could play a significant role in the recovery of Puerto Rico’s economy since it has a considerable impact on the treasury. Under the Federal Rum Excise Tax Cover-Over Program, every year excise taxes collected on Puerto Rican rum imported into the United States is transferred to the treasuries of the island. Since […]
The Puerto Rico Science, Technology & Research Trust’s Research Grants program, in collaboration with the Technology Transfer Office, has opened BEACON, a centralized platform that will provide insight into Puerto Rico’s research and science ecosystem. The platform aims to centralize the island’s scientific and research talent, to spur new alliances and increase local and international […]
New Jersey-based ASCO Power Technologies recently participated in the development of a solar panel grid for the Niños Jesús de Nazaret children’s shelter in Mayagüez, which was without power for months after Hurricane María struck in 2017 and has had no reliable source of power since. The facility serves as a home and school for neglected children […]
Nearly half of the island’s restaurants — or 48.7% — confirmed in a survey by the Puerto Rico Restaurants Association that their sales have been higher from January to July 2021, compared to the same period for the previous year, despite still experiencing the negative effects of the COVID-19 pandemic. The survey presented during the […]
The Puerto Rico Agricultural Extension has received a $749,998 award from the US Department of Agriculture to continue to provide outreach efforts to connect with and assist socially disadvantaged and veteran farmers and ranchers and to provide them with information available on USDA resources. The proposed project will build on a previously funded grant under […]
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 […]
“Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2022” will air its first-ever Spanish language countdown, live from Puerto Rico as the inaugural host destination during the show’s celebration of its 50th anniversary. The island’s government will spend $3.6 million in American Rescue Plan Act funds for the event, officials confirmed. The event will […]
The Public Housing Administration announced the start of an $11.8 million community internet project that will offer free high-speed wi-fi access in all public housing complexes in Puerto Rico. The project will be carried out in phases and is projected to conclude next year when the more than 300 residential complexes on the island have […]
Foundation for Puerto Rico announced it won a Gold Rank for its Bottom Up Destination Recovery Initiative, a project in the category of Resiliency, Recovery and Mitigation of the International Economic Development Council (IEDC). The award was presented at an awards ceremony during the IEDC Annual Conference, which is currently underway. “We’re honored to receive […]
Grupo Guayacán recently concluded its “25 Days of Giving” campaign, which raised $73,815 for its endowment fund in support of its business development programs. The result exceeded the established goal, thanks to the support of 491 donors who joined its initiative, officials said. This campaign was a special version of its traditional yearly Guayacán Giving […]
The Federal Aviation Administration (FAA) announced it has awarded $13.2 million to the Luis Muñoz Marín International Airport (LMM) to reconstruct the apron, or the area where aircraft are parked. The grant is part of a global $479.1 million that the US Department of Transportation’s FAA is distributing in airport infrastructure grants to 123 projects […]
The Puerto Rico Supreme Court has in its hands the final decision on whether a 12-year-old case against Claro de Puerto Rico will be resolved in favor of consumers or be reverted to a lower court for a trial by jury. The class action lawsuit filed in February 2009 at the Bayamón Superior Court could […]
After an interlude of some two or more years, finally, Apple and Microsoft are updating their operative systems. Both revamps are something to look forward to as they are replete with bug fixes and neat enhancements to everyday utilities. Apple — In Apple’s case, by putting out the macOS Monterey update for its devices, it […]
The $550 million sale of nine shopping centers formerly owned by Retail Value Inc. has brought Developers Diversified PR back to the island 15 years after first establishing operations. That transaction, which closed in August 2021, has also meant the return of developer Scott Wolstein, who will oversee the portfolio, whose performance — he believes […]
The University of Puerto Rico (UPR) announced the start of its Asset Mapping Project, for which it will invest $1.1 million, to provide visibility and access to the resources of the university system at a local and global level. The asset map will identify properties, programs and research, human capital, professors, and their areas of […]
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