NY-based firm invests $2M+ in Puerto Rico affordable senior housing
July 8, 2021
New York-based Community Development Trust, which provides long-term debt and equity capital for creating and preserving affordable housing across the US and its regions, announced its first equity investment in Puerto Rico. CDT, in partnership with Volunteers of America National Services (VOANS), has invested $2.25 million to preserve a combined 235 units in Villa Esperanza […]
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Puerto Rico drivers can transfer vehicles through CESCO Digital app
July 8, 2021
Puerto Rico drivers now have access to expanded services available through the Department of Transportation and Public Works (DTOP, in Spanish) CESCO Digital mobile app, which now allows for transferring the ownership of vehicles, agency Secretary Eileen Vega announced. The app, which already allows users to access a digital version of their driver’s license and […]
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Puerto Rico’s small businesses can still apply for CDBG grants
July 8, 2021
Owners of small and medium-sized businesses in Puerto Rico that were affected by Hurricanes Irma and María in 2017 may continue applying for help available through the Small Business Financing Program, under the Community Development Block Grant (CDBG) Program. Puerto Rico Housing Department Secretary William Rodriguez, said so far, the program has disbursed $24.5 million […]
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SBA grants $69.2M in aid to 339 bars, restaurants in Puerto Rico
July 8, 2021
The U.S. Small Business Administration recently announced the end of the Restaurant Revitalization Fund (RRF) program, which awarded $69.2 million in payments to 339 bars and restaurants in Puerto Rico, the agency confirmed. There was a total of 2,396 applications from Puerto Rico establishments, which requested a little more than $419 million in funding. Over in the […]
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Isla Borinquen LLC to build $12M dry dock in San Juan
July 7, 2021
The Puerto Rico Ports Authority has selected local firm Isla Borinquen LLC, headed by Baseball Hall of Famer Iván “Pudge” Rodríguez, to develop, finance, build and operate a $12 million dry dock facility at Pier 15 in San Juan. The facility will offer maintenance, repair, and appraisals of commercial vessels and yachts. The project could […]
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Passenger traffic at LMM up 13.7% in June ’21 vs. ’19’s pre-pandemic levels
July 7, 2021
Passenger traffic at the Luis Muñoz Marín International Airport (LMM) exceeded the 1 million mark in June, which reflected a 13.7% increase over the 888,007 on record for June 2019, prior to the COVID-19 pandemic hit. Last month’s total is nearly a five-fold jump from the 214,008 on record for June 2020, when passenger movement […]
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9th generation of P18 program picks 40 startups, 57% are from Puerto Rico
July 7, 2021
Parallel18’s international acceleration program for startups, P18, announced the selection of the 40 companies that will be part of its ninth generation, headed by businesses established in Puerto Rico. The initiative, part of the Puerto Rico Science, Technology and Research Trust, offers entrepreneurs from around the world, access to high-quality business education, financing, and networking […]
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Op-Ed: Importing community must comply with federal requirements
July 7, 2021
U.S. Customs and Border Protection (CBP) recommends the importing community to ensure articles imported in preparation to the Hurricane season complies with all US import requirements. Nearly four years after Hurricanes Irma and María pounded Puerto Rico’s electrical grid, leaving some in the dark for almost a year, frustration over the island’s still-fragile power supply is […]
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Puerto Rico Health Dept. launches online platform to manage patient data
July 6, 2021
The Puerto Rico Health Department unveiled the Puerto Rico Health Information Exchange, a platform through which the agency seeks to establish new technological solutions to streamline patient care procedures. This tool allows a patient’s medical information to be made available to doctors, nurses, hospitals, and other organizations when health care is required, Health Secretary Carlos […]
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Bayer Crop Science expands ‘Programa Siembra’ farming education program
July 6, 2021
After concluding two projects with the Southern Puerto Rico Chamber of Commerce last week, Bayer Crop Science announced it is taking its “Programa Siembra” agricultural education program for adults to communities in Ponce and Mayagüez this summer. Starting this week, “Programa Siembra” is offering two new projects in Ponce. One is for teens and young […]
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SBA grants $1.2M under Shuttered Venue Operators program in PR
July 5, 2021
The U.S. Small Business Administration updated the list of grant recipients in Puerto Rico under its Shuttered Venue Operators program, which as of June 28, included nine local businesses that have received a combined $1.2 million. The data shows that 2,390 grants have been awarded nationally totaling approximately $1.5 billion, with the average award size […]
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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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