USDA Forest Service supports economic dev’t, forest conservation project
June 9, 2021
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 […]
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66K Puerto Rico households have signed up for FCC broadband subsidy program
June 8, 2021
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 […]
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MN Investments gets $5M financing from Parliament Capital to grow in Puerto Rico
June 8, 2021
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 […]
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Passenger traffic at LMM airport exceeds pre-pandemic levels for May
June 8, 2021
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 […]
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[Practical Techie] Doomsday: UFO reports bring usual doom omen
June 8, 2021
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 […]
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Puerto Rico Ports Authority releases RFQ to build new Aguadilla airport runway
June 7, 2021
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 […]
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Acai Express investing $2M+ to double its Puerto Rico footprint
June 7, 2021
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 […]
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Puerto Rico community opts for solar-plus-storage resiliency solution
June 7, 2021
[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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El Señorial Plaza sold for $20.4M to undisclosed buyer
June 4, 2021
Retail Value Inc., owner of El Señorial Plaza in San Juan, announced it closed the sale of the shopping center on June 3, for $20.4 million. The buyer was undisclosed, and RVI said the sale amount is “prior to closing costs, prorations and other closing adjustments.” The company used the net proceeds to repay mortgage […]
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$277M+ in FEMA funds driving recovery efforts in Puerto Rico’s southern region
June 4, 2021
There are currently 168 projects underway to rehabilitate the areas and structures that were affected by the 2020 earthquakes along Puerto Rico’s southern region, the Federal Emergency Management Agency (FEMA) said. Projects include allocations for the municipalities of Mayagüez and Ponce. About $185,000 from the agency are earmarked to repair the Castilo Serralés, the Salazar […]
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Puerto Rico Tourism Co. launches sweeping plan to promote domestic vacations
June 4, 2021
In an effort to continue promoting the reactivation of the economic activity generated by the tourism sector, the Puerto Rico Tourism Co. unveiled a multi-pronged advertising and marketing plan to promote domestic tourism under the VoyTuristeando brand. During a presentation to mayors, directors of municipal tourism offices and members of the local tourism industry gathered […]
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Porsche NEXT will continue the conversation about sustainability in Puerto Rico
June 4, 2021
EDITOR’S NOTE: This sponsored post is brought to you by Porsche Center Puerto Rico. The third “Porsche NEXT Digital Innovation Forum” will be held June 9, at 7 p.m. at Porsche Center Puerto Rico and can be seen on the Splash virtual platform and Facebook Live (@PorscheCenterPuertoRico). The German sports car brand is committed to […]
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Puerto Rican consumers embrace technology during pandemic
June 3, 2021
In the past year, 79% of Puerto Ricans have made online purchases, which places the island among the top five most active places when it comes to buying through the internet, according to “The Connected Consumer,” a study commissioned by the Chamber of Marketing, Industry and Food Distribution (MIDA, in Spanish). The analysis, which is […]
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EPA includes Municipality of Culebra in ‘Local Foods, Local Places’ program
June 3, 2021
The island municipality of Culebra is one of 13 communities selected to participate in “Local Foods, Local Places” (LFLP), a federal partnership program that supports community-led efforts to reinvest in existing neighborhoods, protects the environment, and improves residents’ health and quality of life through the development of the local food economy. The US Environmental Protection […]
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Espacios Abiertos: OBoard cuts only essential services, leaves tax privileges intact
June 3, 2021
The Financial Oversight and Management Board for Puerto Rico has spent five years cutting essential services, while staying away from the “deep pocket” of tax incentives that represent 67.7% of the total expenses related to the commonwealth’s General Fund, even though whether they produce some economic or social benefit is unknown, according to an analysis […]
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