As part of its mission to support scientists and researchers to take Puerto Rico’s knowledge economy to a higher level of excellence, the Research Grants Program of the Puerto Rico Science, Technology and Research Trust has awarded $1.8 million to 15 science and technology research projects during 2021, the organization announced. The grants seek to […]
Puerto Rican vacation home rental company Join a Join, established in 2015 by brothers Steve and Mike Leung, has achieved steady growth in the number of nights booked through its platform before and during the pandemic. The platform in which users reserve their rentals ahead of time has tripled the number of visits, showing trends […]
The Puerto Rico Energy Bureau has approved $1.2 billion to be used for all electrical infrastructure projects included in the Puerto Rico Electric Power Authority’s (PREPA) 10-year infrastructure plan. “These projects are an important step in the implementation of Puerto Rico’s energy policy. As the entity in charge of directing and implementing this public policy, […]
The Puerto Rico Innovation and Technology Services office (PRITS) is getting ready to launch an interoperability platform that will allow the synchronization of citizen data for accessibility of documents, in an attempt to reduce government bureaucracy. “The Government of Puerto Rico is the custodian of citizen data; therefore, it’s the citizen who must know all […]
United Kingdom’s cruise line Virgin Voyages has chosen San Juan as the homeport for the Resilient Lady ship, which will offer trips in the Caribbean starting in November 2022. Puerto Rico Ports Authority Executive Director Joel Pizá-Batiz confirmed published reports, saying “we’re very happy that new cruise lines have considered the unique attributes of the […]
The U.S. Bankruptcy Court for the District of Puerto Rico received 1,718 petitions from January to May, when filings were down 18.3% in comparison to the same five-month period in 2020, according to information provided by local research firm Boletín de Puerto Rico. When broken down into categories, about 711 of those petitions were under […]
Department of Economic Development and Commerce (DDEC, in Spanish) Secretary Manuel Cidre is heading to Washington D.C. this week to attend to “matters of high interest in favor of Puerto Rico’s economic development,” the agency announced. “It’s a loaded agenda, with key people who can be our allies when it comes to advancing our economic […]
Recognizing the economic development opportunity represented by the sustainable recovery of timber in a region increasingly prone to hurricanes, the US Department of Agriculture (USDA) Forest Service (USFS) awarded a grant to the GreenWood organization to provide training opportunities and market access to Puerto Rican workers. William Gould, director of theUSDA Caribbean Climate Hub, said the Wood Innovations […]
The Federal Communications Commission (FCC) confirmed that 65,868 households in Puerto Rico have enrolled in the Emergency Broadband Benefit subsidy program initiated by Congress earlier this year. Since mid-May, more than 2.3 million households in all 50 states, Washington, D.C., Puerto Rico, US Virgin Islands and American Samoa were approved to receive a discount on […]
MN Investments, LLC, a real estate company dedicated to the acquisition, renovation and management of multifamily properties, announced that it closed a $5 million financing facility with Parliament Capital Management, LLC that will allow the acceleration of its growth and expansion in the market. Currently, the company has a portfolio of 220 apartment units throughout […]
Passenger traffic at Puerto Rico’s main air hub, the Luis Muñoz Marín International Airport (LMM), bounced back in May, when it exceeded pre-pandemic results for the same month in 2019. In its most recent monthly report, Grupo Aeroportuario del Sureste (ASUR), the parent company of Aerostar — which operates the LMM — disclosed that the […]
As it happens, endings are always beginnings. I say this amid the highly anticipated intelligence report by the Pentagon on UFO sightings or strange encounters by the US military. This report is scheduled to be released by June 25. But, according to senior administration officials briefed on the report’s findings, the inexplicable may remain the […]
The Puerto Rico Ports Authority has opened a Request for Qualifications process to find candidates to rebuild the 11,700-foot Runway 8-26 at the Rafael Hernández Airport in Aguadilla, a $90 million project to be paid for with federal funding. In an interview with News is my Business, Ports Authority Executive Director Joel Pizá-Batiz confirmed that […]
Acai Express announced plans to significantly expand its locations in Puerto Rico during 2021, to more than double the number of units operated under the brand at the beginning of last year. The company started 2020 with a total of 20 locations. The local franchise has already opened 31 locations in Puerto Rico with the […]
[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 […]
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