FEMA funds will go to replace 63 cameras on Baldorioty de Castro Ave.
February 19, 2021
The Federal Emergency Management Agency’s recent award of $1.3 million to the Puerto Rico Police seeks to address damages caused by Hurricane María to several police facilities throughout the island, the agency confirmed. This obligation pushes to $45 million the FEMA funds earmarked for repairing stations, replacing essential police equipment and video system equipment on […]
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Puerto Rico airports get $8.5M Coronavirus Response grant from FAA
February 19, 2021
The Federal Aviation Administration approved a second grant to the Puerto Rico Ports Authority for $8.5 million as part of a new round of the Airport Coronavirus Response Grant Program to provide aid during the COVID-19 pandemic, agency Executive Director Josel Pizá-Batiz said. “This new grant will provide economic relief the Ports Authority’s nine airports […]
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Puerto Rico Coliseum completing $2.2M in projects ahead of reopening
February 19, 2021
The Coliseo de Puerto Rico José Miguel Agrelot in Hato Rey is preparing for its reopening and the resumption of events and concerts with the completion of 14 improvement projects at an investment of $2.2 million, Mariela Vallines, executive director of the Conventions District, which oversees the venue. “In addition, 27 other necessary improvement projects […]
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Plaza Centro 1 owner faces $24.6M collection and foreclosure lawsuit
February 18, 2021
Plaza Centro 1 shopping center, owner MJS Caguas Limited Partnership, faces a $24.6 million collection and foreclosure lawsuit from U.S. Bank National Association, filed last week in the Caguas Superior Court. The lawsuit corresponds to an outstanding $28 million loan originated by Canadian Imperial Bank of Commerce in January 2011. The loan is payable on […]
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SBA has approved $283.8M in PPP loans in Puerto Rico since Jan. 11
February 18, 2021
The U.S. Small Business Administration’s Paycheck Protection Program has approved $283.8 million in loans in Puerto Rico and another $171.2 million in the US Virgin Islands through the week of Feb. 15, it confirmed in a report. The second round of funding began on Jan. 11, and so far, participating local credit unions and banks […]
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Acrecent Financial Corp. closes $13M credit line for Puerto Rico Hospital Supply
February 18, 2021
Acrecent Financial Corp. announced it partnered with BluHaus Capital, Puerto Rico Fund for Growth, and Farragut Capital Partners to extend a $13 million bridge loan to Puerto Rico Hospital Supply. Since its founding in 2004 Acrecent has consistently made credit accessible to small- and mid-sized enterprises (SMEs) — at times against challenging backdrops including the […]
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Treasury Dept.: 30K taxpayers still waiting for $600 COVID-19 aid checks
February 17, 2021
An estimated 30,525 taxpayers have not received the disbursement of the $600 financial stimulus, reportedly due to errors in their bank information, Treasury Department officials said. “They must have received a message, either by email or through the platform, indicating a rejection [of the deposit] by the bank. They have to update their bank information […]
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Liberty Puerto Rico launches new ‘Liberty Delivers’ service
February 17, 2021
Liberty Puerto Rico announced it is launching Liberty Delivers, a new delivery service available for the company’s current residential and business customers at no extra cost. The new service delivers replacement or additional equipment to customers’ homes or businesses in less than an hour, the company said. Through Liberty Delivers, customers can receive replacement or […]
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Guayacán Venture Accelerator opens call for virtual edition
February 17, 2021
Entrepreneurs throughout Puerto Rico will have the opportunity to participate in the 13th edition of the Guayacán Venture Accelerator (GVA), the executive development program offered by Grupo Guayacán for established companies that wish to accelerate their growth. This year, the GVA program will be offered virtually, to facilitate access for participants, organizers said. The closing […]
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Puerto Rico’s Economic Activity Index shows 6.4% YoY drop in December ’20
February 17, 2021
uerto Rico’s Economic Activity Index, released by the Economic Development Bank, revealed a 6.4% year-over-year drop in December 2020, marking the 10th consecutive decline after 20 months of year-on-year increases. Agency President Luis Alemañy said the EAI reached a level of 115.7, which was essentially flat — showing a 0.3% increase — when compared to […]
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CienciaPR launches #AquíNosCuidamosPR COVID-19 prevention campaign
February 16, 2021
To continue promoting education for the prevention of the coronavirus that causes COVID-19, the non-profit organization Ciencia Puerto Rico (CienciaPR) developed the “Aquí Nos Cuidamos Toolkit” or #AquiNosCuidamosPR. It consists of four public service campaigns with free informational and educational resources. The purpose of #AquiNosCuidamosPR is to empower vulnerable and marginalized communities in Puerto […]
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Practical Techie: Electronic viruses are much like the human versions
February 16, 2021
The despicable word these days is…virus. There, I said it. Just mentioning the word amid the pandemic makes us stumble and hesitate for fear of catching one just by saying it. It seems viruses are everywhere in our lives Indicative is that fact that human viruses are too much like computer viruses. Or vice versa. […]
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SME to host virtual Sales Summit Feb. 18-19
February 16, 2021
The impact of digital commerce and the new consumption patterns caused by the COVID-19 pandemic outline the agenda of the Puerto Rico Sales and Marketing Executives Association’s (SME, in Spanish) SME Sales Summit coming up on Feb. 18-19. The virtual event will mark this year’s Professionals Salespersons Week and will serve as an alternative for […]
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FEMA allocates $10.7M for permanent work at University of Puerto Rico
February 15, 2021
The Federal Emergency Management Agency (FEMA) approved nearly $10.7 million to rebuild the Facundo Bueso Annex at the University of Puerto Rico for its campus in Río Piedras. The structure was demolished in 2018 since it posed a threat to the health and safety of the university community as a result of damage from Hurricane […]
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Bacardí earns 2nd Wildlife Habitat Council Certification by doubling down on habitats
February 15, 2021
Bacardí’s plant in Cataño recently earned a second Wildlife Habitat Council Certification for its newly expanded pollinator garden to attract increased numbers of butterflies, bees and bats, which are synonymous with its brand. In 2018, Bacardí received the first WHC certification ever presented to an organization in Puerto Rico. As of today, Bacardí remains the […]
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