Centros Sor Isolina Ferré expands academic offering with $3.9M grant
July 5, 2021
The Centros Sor Isolina Ferré (CSFI, in Spanish) announced it has signed an agreement with the Housing Department to expand its academic offerings with the help of a $3.9 million Community Development Block Grant (CDBG) Program allocation, the nonprofit announced. The grant is available for a five-year period and the new academic offer builds on […]
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Titín Foundation launches labF3S training and acceleration project
July 5, 2021
The Titín Foundation has launched its labF3S project with 50 nonprofit organizations, which aim to provide the necessary tools so they can be trained and accelerate their operations. “When we created sinfinespr.org we noticed the number of nonprofit organizations that due to lack of time or resources, could not request exemptions to get support for […]
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Bluetide Puerto Rico holds 1st conference to boost island’s ‘Blue Economy’
July 2, 2021
As part of “The BLUEtide Initiative,” one of eight strategic initiatives of Puerto Rico’s Hurricane María Disaster and Economic Recovery Plan, nonprofit organization Bluetide Puerto Rico, backed by a grant from the U.S. Economic Development Administration (EDA), is hosting an event inviting entrepreneurs to make the most out of the ocean waters. The “Blue Economy” […]
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Oversight Board certifies Puerto Rico’s 1st compliant General Fund budget
July 2, 2021
The Financial Oversight and Management Board for Puerto Rico announced the certification of the first compliant general fund budget submitted by the government of Puerto Rico, a key element of the consolidated Fiscal 22 budget. Gov. Pedro Pierluisi signed the $10.1 billion General Fund budget adopted and submitted by the Puerto Rico Legislature. The Oversight […]
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Mennonite Health System connects to Health Dept.’s Health Information Exchange system
July 2, 2021
The Mennonite Health System announced it has connected and started the exchange of data with the Health Department’s Puerto Rico Health Information Exchange (PRHIE) system, which pursues the interoperability of clinical systems in real time for public health purposes and continuity of patient care, as needed. “The Mennonite Health System continues to direct its operation […]
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Anthem completes acquisition of MMM Holdings, affiliates from InnovaCare Health
July 1, 2021
Four months after announcing it had entered into an agreement to acquire Puerto Rico-based MMM Holdings, LLC and its Medicare Advantage (MA) plan MMM Healthcare, LLC., Indianapolis-based Anthem Inc. confirmed the deal has closed. “We’re pleased to complete the acquisition of MMM and work with our new colleagues to serve Medicare and Medicaid-eligible individuals and […]
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Puerto Rican entrepreneur taking risks to expand in Orlando with Piggza eatery
July 1, 2021
ORLANDO, FL — The new and unique restaurant Pigzza in this Central Florida city is a combination of energy, passion, and international food of two adventurous friends and owners of Pig Floyd’s Urban Barbakoa and Stasio’s Italian Deli & Market. They expect to open it next September or October, they confirmed. The restaurant will be […]
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Practical Techie: Web offers data on open doors to tourists
July 1, 2021
Web players are fast becoming footloose as the 2020 pandemic slowly loses its grip on humanity. At least 70 countries are fully open to travelers and tourists this summer. The rollout of vaccines and resulting herd immunity is the game-changer. Many travelers now hopefully can resume canceled plans or even map out a whole new […]
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CNE: PROMESA has fallen short of its goals 5 yrs. after enactment
June 30, 2021
Five years after the approval of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), the objectives, achievements and successes attained fall short, the Center for a New Economy concluded in the latest edition of its “CNE Review.” In it, the CNE examines PROMESA since its enactment in June 2016, makes an inventory of […]
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Net emigration between US and Puerto Rico pegged at 550K from 2011-2020
June 30, 2021
The Census Information Center at the University of Puerto Rico’s Cayey campus recently published an analysis of net emigration estimates between Puerto Rico and the United States from 2011 to 2020, which put that number at 550,421 people. The estimates are based on surveys that the US Census Bureau conducts in the United States and […]
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FEMA allocates 8K projects worth $25.6B in recovery projects
June 30, 2021
The Federal Emergency Management Agency (FEMA) announced it has approved some $25.6 billion in federal funds for more than 8,000 recovery projects associated with the damages Hurricane María caused in Puerto Rico in 2017. The total projects with funds allocated so far includes debris removal and emergency protection measures granted at the beginning of the […]
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Film Industry fund exhausts full $38M FY22 tax credit budget on 4 projects
June 29, 2021
The Department of Economic Development and Commerce’s (DDEC, in Spanish) Film Industry Development Program has already assigned the full $38 million in tax credits available for Fiscal 22 to just four productions, before the start of the year on July 1, News is my Business confirmed. The situation has surprised local industry executives and drawn the attention of […]
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3 new stores to open at parcel next to Outlets at Montehiedra in ’22
June 29, 2021
Urban Edge Properties announced it has signed leases with Walgreens, Global Mattress and Arby’s for a new parcel currently under development at The Outlets at Montehiedra in San Juan. This development, adjacent to K-mart, will feature a 10,305 square-foot Walgreens, a 3,695 square-foot Global Mattress in a single building and on the same parcel. Arby’s […]
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Puerto Rico retail sales up 49.6% in YoY in March to $3B
June 29, 2021
Puerto Rico’s retail sales exceeded $3 billion in March 2021, reflecting a 49.6% year-over-year increase, the Department of Economic Development and Commerce (DDEC, in Spanish) confirmed. The agency’s most recent retail sales report shows this is the 10th consecutive sales increase recorded at an annual rate. Sales for March 2020 were recorded at a little […]
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Ports Authority unveils $21.8M in improvements to Culebra airport, dock
June 28, 2021
The Puerto Rico Ports Authority broke ground on the reconstruction of the Benjamín Rivera Noriega airport in Culebra and unveiled the recently completed improvements to the island municipality’s cargo dock. The projects represent a combined investment of $21.8 million. Ports Authority Executive Director Joel Pizá said the $7.4 million bid process for the airport project, […]
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