The executive director of the Puerto Rico Tourism Company, Carlos Mercado, and the Mayor of Canóvanas, Lornna Soto, unveiled a plan to establish three new scenic routes — still being developed for an official opening this year — as a way to promote tourism and the economic development in the northern town. Through the recently […]
Puerto Rico Housing Department Secretary William Rodríguez announced that the Community Development Block Grant (CDBG) Program has allocated $800 million to the Investment Portfolio for Growth (IPG) initiative “to alleviate the exacerbated economic effects of the hurricanes through large-scale development projects.” As a preliminary process for the IPG Program, interested entities are asked to submit […]
The culmination of its integration with Sprint, and the sale of AT&T’s wireless operation in Puerto Rico, has boosted T-Mobile’s business, which at the end of 2020 exceeded 1 million in customers for the first time, T-Mobile Puerto Rico General Manager Jorge Martel said. While sharing 2020 results, Martel said T-Mobile saw an 8% growth […]
Reinventing and looking for new ways to serve a new generation of consumers in Puerto Rico and around the world, La Tigre company had invested more than $500,000 on a new flagship store in Ciudadela in Santurce, and visualizing a prosperous clientele for its new extension of the Casa Alberghini brand. La Tigre’s strategic and […]
The College of Engineers and Land Surveyors, in collaboration with several partners, delivered the keys of two of their houses built under the “Mi Casa Resistente” (“My Resistant Home”) project, at a cost of $95,000 each. The trade group known as the CIAPR in Spanish, worked with the College of Architects and Landscape Architects, the […]
The proposed new agreement struck recently by the Financial Oversight and Management Board for Puerto Rico with bondholder groups implies higher annual fixed payments and cash disbursements and for a longer period of time than in the October 2020 proposal, according to Espacios Abiertos Senior Public Policy Analyst Daniel Santamaría-Ots. “What remains constant with this […]
As part of the safe restart of sports tourism in Puerto Rico and its direct impact in the local economy, the 13th edition of the Puerto Rico Open will be held through Feb. 28, generating $5.7 million for the local economy and creating more than 1,000 direct and indirect jobs, government and tournament officials said. […]
By Rafael R. Díaz TorresCenter for Investigative Journalism Machines costing thousands of dollars are operated from a small office on the college campus. Keeping them in good condition costs the government’s coffers several million annually. They are seismic and tide-gauge station devices that are part of the tsunami and earthquake detection system. Monitoring this information […]
After Hurricanes Irma and María, trees, endemic birds and other forms of wildlife lost their habitats, or their populations dwindled in various protected areas in Puerto Rico. To help the recovery of the different structures in these ecologically valuable areas, the Federal Emergency Management Agency (FEMA) granted more than $2.2 million to the Department of […]
Electric automobile and renewable energy solutions manufacturer, Tesla, is opening its first vehicle service center in Puerto Rico and the Caribbean in March, this media outlet confirmed. “It’s pretty amazing that we finally got approved to open something down here to bring business to Puerto Rico, which is much-needed. So, we’re excited all-around,” said a […]
Rep. Nydia M. Velázquez (D-NY) has introduced the “Puerto Rico Recovery Accuracy in Disclosures Act of 2021.” Known as PRRADA, the bill would extend current US law to require disclosures of conflicts of interest in all PROMESA bankruptcy proceedings in Puerto Rico, and thereby improve transparency and restore confidence in the island’s future. Senator Bob […]
Abexus Analytics, a firm based in Puerto Rico, predicted that 110,000 new cars will be sold this year, a more optimistic forecast than last year. “This forecast is significantly more optimistic than in 2020 thanks in large part to federal mitigation funds for COVID-19 as well as disaster relief funds through the Community Development Block […]
The Foundation for Puerto Rico unveiled its Center for Strategic Innovation, whose mission will be to transform Puerto Rico’s socioeconomic development. The entity will be led by former gubernatorial candidate Alexandra Lúgaro. The Center seeks to achieve transformative change in Puerto Rico and the rest of the world through research and cross-sector partnerships, the nonprofit […]
Altamira Reserve, an 80,133 square-foot mixed-use complex in Guaynabo next to the busy Econo Altamira grocery store, is currently under construction with plans to open in the first quarter of 2022. The project is already visible from Martinez Nadal Ave. (PR-20) and is being developed by Bellagio Corp. for owner Rúa, LLC, which is also […]
The U.S. Small Business Administration is making a number of temporary and permanent changes to the Paycheck Protection Program (PPP) to increase funding received by smaller businesses, including a 14-day period during which only businesses and nonprofits with fewer than 20 employees will be able to submit applications. The program’s exclusive period for smaller businesses […]
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