Lack of funding delays integration of 18 yrs. of seismic data into Puerto Rico’s earthquake hazard maps, Building Code
February 25, 2021
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 […]
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FEMA obligates $2.2M to promote recovery of Puerto Rico’s natural reserves
February 25, 2021
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 […]
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Tesla opening 1st service center in Puerto Rico in March
February 24, 2021
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 […]
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Congress files bill to end conflicts of interest in PROMESA debt restructuring
February 24, 2021
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 […]
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Data analytics firm Abexus predicts 110K new cars will be sold in Puerto Rico in ’21
February 24, 2021
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 […]
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Foundation for Puerto Rico unveils new Center for Strategic Innovation
February 24, 2021
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 […]
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Altamira Reserve mixed-use complex under construction in Guaynabo
February 23, 2021
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 […]
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Biden administration implements changes in the Paycheck Protection Program
February 23, 2021
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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Practical Techie: Movable income, the web allows for portable careers
February 23, 2021
With adequate initiative and creativity, internet users can set up portable careers to work from practically any place with a connection. That is, create an enterprise on-the-go from anywhere in the planet with just a laptop and some WiFi. The fact that the world is evermore interconnected makes transportable business a reality, providing cybernauts with […]
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WCK opens new round of grants of up to $20K for farmers, fisheries
February 23, 2021
Small and medium agribusinesses in Puerto Rico have a new opportunity to apply to the World Central Kitchen Food Producer Network, through which they may land a grant of up to $20,000 to expand their agricultural, fishing or agribusiness project. In addition, applicants may get business and technical training, exposure to WCK’s network of restaurants, […]
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A La Orden Discount moving to former Downtown restaurant location in Hato Rey
February 22, 2021
Puerto Rican furniture and appliance retailer A La Orden Discount — an industry fixture for 45 years — is moving from where it has done business next to Plaza Las Américas mall for 37 of those years, to a new location in the heart of Hato Rey, this media outlet learned. The retailer will take […]
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Iconic Hacienda Tamarindo hotel in Vieques on the block for $3.3M
February 22, 2021
Hacienda Tamarindo, the longest-running hotel in Vieques, is up for sale for $3.3 million, according to the listing published by Paraíso Realty, the real estate firm handling the transaction. The property sits on a hilltop overlooking Esperanza Bay, and features 17 rooms, a pool, a 1,200 square-foot owner’s penthouse, a separate “casita” with its own […]
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LUMA Energy will not increase energy rates through ’24
February 22, 2021
LUMA Energy, the company that will operate Puerto Rico Electric Power Authority’s electric power transmission and distribution system for the next 15 years, vowed not to increase rates during the first three years after it officially begins operating on June 1, 2021. In a presentation to members of the media, LUMA CEO Wayne Stensby confirmed […]
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AON: Health insurance rates will spike 8.8% in ’21 in LatAm, Caribbean
February 22, 2021
The costs of company-sponsored medical plans in Latin America and the Caribbean will increase by 8.8% in 2021, exceeding headline inflation by 6.4%, according to its 2021 Global Medical Trends Rate Report by professional services firm Aon plc. “COVID-19 has demonstrated the need for better global governance regarding the management of medical programs,” said Maricarmen […]
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Gov’t buys elderly residential complex in Ponce for $6.1M
February 22, 2021
The Puerto Rico Public Housing Administration announced the acquisition of the Égida Estancias Doradas en Ponce, a residential project for the elderly, for $6.1 million. The project was owned by Ponce Elderly Limited Partnership and operated under a rental subsidy from the Department of Housing in accordance with Act 173 of Aug. 31, 1996, local […]
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