The Puerto Rico Tourism Co. met with the 25 companies certified under its agrotourism program to hand each one a $5,000 incentive check to promote business continuity, for a total of $125,000. During a meeting at Hacienda Cascada in Aguas Buenas agency Executive Director Carlos Mercado also unveiled a new promotional campaign that focuses exclusively […]
Puerto Rico Health Secretary Carlos Mellado has signed a new Administrative Order that effective April 28, will impose a $300 fine on all travelers who fail to present a negative COVID-19 test within 72 hours prior to their arrival to the island. However, he said the fine will be removed once the traveler submits the […]
Puerto Rico’s average worker makes about $25,332 a year, according to a study by the Census Information Center of the University of Puerto Rico in Cayey, based on numbers from the US Census for 2017. The Center’s Director, Economist José Caraballo-Cueto, explained that the most recent economic Census provides data on a cross-section of private […]
The Puerto Rico Community Foundation has launched the first phase of its project to establish redundant power for the island’s community water supply systems, which will guarantee uninterrupted access to running water in rural communities during natural disasters. The project entails a $25 million grant, issued through the Federal Emergency Management Agency’s risk mitigation program, […]
Web technology makes continuous inroads into physical reality, this time attempting to replicate one of our most precious senses: the human touch. Touch gives us a deeper understanding of things, which cannot be fully experience by sight, or hearing. The task ahead is to replicate as much of its real life tact authenticity into machines. […]
The U.S. Small Business Administration announced details on application requirements, eligibility, and a program guide for the $28.6 billion Restaurant Revitalization Fund (RFF), which seeks to help bring back jobs and revive one of the hardest-hit economic sectors since the start of the COVID-19 pandemic. The SBA will administer the funds to the most affected […]
The first 10 new operating rooms to be located at the Río Piedras Medical Center’s Julio A. Pérez building were recently unveiled following a $5 million investment, the government’s Medical Services Administration, which manages the hospital, announced. In these rooms, general surgeries, orthopedic surgeries, ear-nose and throat, ophthalmology, urology, maxillofacial and neurosurgery can be performed, […]
U.S. Customs and Border Protection Officers and Import Specialists in the Port of San Juan recently seized 1,869 counterfeit Viagra pills and 1,620 half-face motorcycle helmets that did not comply with National Highway Traffic Safety Administration regulations, it announced. Combined, the confiscated items had a street value of $436,649, the agency confirmed. “Consumers and small […]
Puerto Rican grocery store chain Selectos announced it has introduced its Easy Shop app to shoppers in the US mainland looking to make purchases for people residing on the island. Mayreg Rodríguez, executive director of Selectos, said the grocery store is looking to reach the estimated seven million Puerto Ricans living in the continental US, […]
The Financial Stability Index for Puerto Rico’s banking industry, prepared by Estudios Técnicos, Inc. (ETI), shows that the industry’s liquidity and solvency remain strong despite the current economic environment. “The financial stability index for Puerto Rico’s banking industry has recovered after declining from 0.64 in the fourth quarter of 2019 to 0.54 in the first […]
The Puerto Rico Tourism Co. announced that a sustainable hotel, Lejos Eco Retreat, will be opening in Vieques this fall. The hotel entails a $1 million investment and will create a total of 25 jobs, 20 in construction and five in operations, officials said. The eco-friendly resort will feature 13 modern units, a campsite, and […]
People across the globe are itching to travel once again, and based on Google searches, Puerto Rico is “the fastest-growing destination in the world,” Discover Puerto Rico, the island’s Destination Marketing Organization (DMO) confirmed. According to recent travel search data calculated by Destination Insights with Google, which monitors travel trends, Puerto Rico is the top […]
San Juan Mayor Miguel Romero announced the availability of $4.3 million in federal funds through the municipality’s “Capital Entrepreneurship” program, which in turn will benefit up to 800 of the town’s microentrepreneurs who have suffered economic losses as a result of the COVID-19 pandemic and who have been in operation for at least one year. […]
The National Endowment for the Humanities (NEH) announced $24 million in grants for 225 humanities projects across the country, including a $290,750 allocation to Puerto Rican nonprofit organization Para la Naturaleza Inc. The grant will support Para La Naturaleza in developing a project called “Flora Borinqueniana: Three Centuries of Botanical Illustrations,” which is described as a […]
Puerto Rico’s 78 towns have completed the application process for the third phase of the Coronavirus Relief Fund (CRF) Assistance Program to Municipalities, Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) Executive Director Omar Marrero said. As part of the process, the central government will assign $1 million to each town so they can continue to […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA