Puerto Rico Agricultural Extension gets $750K USDA grant
October 8, 2021
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 […]
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Ford Puerto Rico grants $40K to 4 winning environmental projects
October 8, 2021
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 […]
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San Juan to be countdown destination of ‘Dick Clark’s New Year’s Rockin’ Eve’
October 7, 2021
“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 […]
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Public Housing unveils $11.8M community internet project
October 7, 2021
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 […]
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Foundation for Puerto Rico gets ‘Excellence in Economic Development Award’
October 7, 2021
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 […]
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Grupo Guayacán’s ‘25 Days of Giving’ campaign raises $73K+ in donations
October 7, 2021
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 […]
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FAA awards $13.2M to LMM Airport for upgrades; Sept. traffic up 19.9%
October 6, 2021
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 […]
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Puerto Rico Supreme Court sitting on $500M decision for island telecom consumers
October 6, 2021
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 […]
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Practical Techie: Upgraded operating systems hit the market this year
October 6, 2021
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 […]
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Developers Diversified PR returns to local retail market to operate 9 shopping centers
October 5, 2021
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 […]
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UPR invests $1.1 million to develop Asset Mapping Project
October 5, 2021
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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Puerto Rico credit unions get $5.5M to develop financial products, technology
October 4, 2021
The Community Development Financial Institutions Fund awarded $5.5 million in technical assistance to 44 credit unions in Puerto Rico. The CDFI fund allocations are intended to reinforce credit union’s financial ability to develop products aimed at low-income populations with affected credit, young people with no credit history, and vulnerable communities that lack adequate access to […]
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Puerto Rico gets $2.4M to prevent fraud in unemployment programs
October 4, 2021
The US Department of Labor recently awarded the Puerto Rico Labor Department a little more than $2.4 million to help the agency detect and combat fraud in its unemployment insurance programs. The funds are part of a global $195.7 million allocation awarded to states and territories, and the District of Columbia, the federal agency said […]
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Driftwood Capital buys Sheraton Old San Juan hotel, rebranding it to Marriott
October 1, 2021
Driftwood Capital, commercial real estate investment, development and lending platform specializing in hospitality, has acquired the Sheraton Old San Juan, a 240-room hotel and 27,500-square-foot retail complex in Old San Juan, it announced. The financial terms of the deal were undisclosed, News is my Business confirmed. “Driftwood intends to undertake a full-scale renovation of the […]
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Digital gap among 55+, 65+ population in Puerto Rico persists, SME study shows
October 1, 2021
People 55 and older living in Puerto Rico experienced the most significant increases in internet access and digital media use, increasing from 62% in 2019 to 86.5% in 2021, while those 65 and over jumped from 28% to 43.6%. However, even with this jump of more than 657,000 people 55+ who are connected, gaps in […]
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