Virgin Voyages’ Resilient Lady to use San Juan as homeport in ’22
June 10, 2021
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 […]
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P.R. bankruptcy cases down 18.3% through May vs. same 5-month period in ’20
June 9, 2021
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 […]
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Head of Puerto Rico’s economic dev’t travels to D.C. for meetings
June 9, 2021
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 […]
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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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