Practical Techie: Plenty of info on the web about the summer solstice
June 22, 2021
The summer solstice has arrived in 2021 and it reflects amply on the World Wide Web with plenty of data and details about the astronomical phenomena. Solstice is “solstitium” in Latin and it means: “the sun is stopping.” The ancients described it as such because it seemed to them the point where the sun appears […]
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Op-Ed: Puerto Rico’s electric grid suffers series of setbacks under LUMA Energy management
June 22, 2021
More than two weeks into its management of Puerto Rico’s electrical system, private contractor LUMA Energy is not off to a good start. Frequent power outages and service delays have tested the patience of an already over-burdened customer base since LUMA Energy took control of the island’s electric system in a privatization switchover on June […]
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HP Enterprise cogeneration plant in Aguadilla is the co.’s 1st in the world
June 21, 2021
The liquified natural gas facility that Hewlett Packard Enterprise is building in Aguadilla will be the first in the world for the technology giant, which is preparing to stay in Puerto Rico for the long-run, Mark Bakker, general manager of Global Operations for HPE, told News is my Business. HPE´s facility in Aguadilla is a […]
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Discover Puerto Rico forms partnerships to reach Puerto Rican diaspora
June 21, 2021
The Puerto Rican diaspora is a critical audience for Discover Puerto Rico, which continually reaches this segment of the community, keeping it informed about entry requirements and the latest health and safety guidelines. To achieve this, the island’s Destination Marketing Organization seeks creative ways to reach the diaspora and forging partnerships with key community organizations […]
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Op-Ed: PRCCI supports blood collection efforts in Puerto Rico
June 21, 2021
The pandemic has impacted everyone’s life, including blood availability in Puerto Rico. According to Puerto Rico Consortium for Clinical Investigation, a subsidiary of the Puerto Rico Science, Technology & Research Trust, thousands of people need blood every day. Last year, PRCCI joined forces with the three blood banks in Puerto Rico — Mutual Services Blood […]
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Laboy: $4B in FEMA risk mitigation funding not at risk
June 18, 2021
The Central Office of Recovery, Reconstruction and Resiliency (COR3) is “focused on reaching the goal to allocate the $4 billion in Hazard Mitigation Grant Program funds assigned by the Federal Emergency Management Agency (FEMA) on or before Oct. 31. Agency Executive Director Manuel Laboy rejected comments that the funds are at risk. “We’re working full […]
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Insurer Seguros Múltiples building new $3M branch in San Juan
June 18, 2021
Insurance company Cooperativa de Seguros Múltiples de Puerto Rico announced the start of construction of its new $3 million San Juan metropolitan area branch, located on the same campus as its headquarters in Río Piedras. The new offices slated to open during the first quarter of 2022 will generate 40 direct jobs and 30 indirect […]
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Executive appointments at FirstBank, Uber, Ernst & Young
June 18, 2021
This edition of Climbing the Corporate ladder features executive appointments in several industries, namely banking, a ride-share company and an accounting firm. FirstBank announces trio of new executivesFirstBank CEO Aurelio Alemán announced the following appointments to the institution’s executive group: Sara Álvarez, as executive vice president and general counsel; Juan Carlos Pavía, as executive vice […]
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Hewlett Packard Enterprise gets gov’t backing for clean energy project
June 17, 2021
Hewlett Packard Enterprise (HPE) has been granted an exemption from the government of Puerto Rico covering the production, sale, and operation of Highly Efficient Energy, including combined heat and power systems operated by liquefied natural gas (LNG) or renewable liquified natural gas (RLNG), on a commercial scale. This incentive has been granted as an investment […]
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FEMA OKs $16.6M for water distribution and control facilities
June 17, 2021
The Federal Emergency Management Agency (FEMA) awarded nearly $5 million for construction work at three water distribution and control facilities in Puerto Rico. This obligation will repair 12 land irrigation pumps in Santa Isabel and a flood control channel in Culebra, the agency confirmed. “These projects address issues of vital importance related to the safety […]
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AZ Foods looks to implement new model to help small businesses distribute goods
June 17, 2021
AZ Foods, a distribution company responsible for bringing healthy products from different parts of the world to Puerto Rico, is looking to expand its business model to help local small businesses improve their reach. “We’re a Puerto Rican company that always wants to distribute the healthiest foods and we believe that with each product we […]
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27 Puerto Rico credit unions receive $47.3M in funding from US Treasury
June 16, 2021
The US Department of the Treasury today announced the allocation of $47.3 million in relief funds to 27 Puerto Rico-based credit unions, through its CDFI Rapid Response Program (CDFI RRP). The goal is to provide necessary capital for community development financial institutions (CDFIs) to respond to economic challenges created by the COVID-19 pandemic, particularly in […]
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Popular Inc. originated $2.1B in loans under SBA Paycheck Protection Program
June 16, 2021
Popular Inc. announced that, upon completion of the second round of the Paycheck Protection Program (PPP) on May 31, 2021, it had processed nearly 50,000 loans, originating $2.1 billion in both rounds of the program. Popular said during the second PPP round, which began on Jan. 19, it processed approximately 20,500 loans totaling $673 million […]
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FEMA assigns $93M to PRIDCO for property reconstruction projects
June 16, 2021
The Puerto Rico Industrial Development Company (PRIDCO, in Spanish) has been assigned $93 million from the Federal Emergency Management Agency (FEMA) to begin reconstruction and revitalization of commercial properties affected after the passage of Hurricanes Irma and María in 2017. PRIDCO Executive Director Javier Bayón-Torres said the allocation will benefit 54 mandatory projects throughout the […]
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LMM airport gets $9.4M federal funding allocation to fix runway
June 15, 2021
The Luis Muñoz Marín International Airport (LMM) will receive $9.4 million from the US Department of Transportation’s Federal Aviation Administration (FAA) to reconstruct its main runway. The allocation is part of a round of awards of more than $898.9 million in infrastructure and safety projects through the FY2021 Airport Improvement Program (AIP). This total includes $113.5 million […]
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