Puerto Rico Legal Services (SLPR, in Spanish) celebrated the opinion issued by the Puerto Rico Supreme Court in a mortgage foreclosure case that conclusively defines the concept of “good faith” in compulsory mediation processes that are mandatory in these cases. “Undoubtedly, the decision in this case will be a game changer for everyone facing foreclosure […]
Pedro Pierluisi, the 61-year-old gubernatorial candidate for the New Progressive Party, believes that Puerto Rico should serve as a bridge for the U.S. mainland to gain “better access to the Americas,” according to his economic development proposals posted on his campaign website. Pierluisi strongly believes in: carrying out a realistic and transformative reengineering of how […]
The U.S. Department of Agriculture’s Natural Resources Conservation Service (NRCS) approved 364 new Environmental Quality Incentives Program (EQIP) contracts worth about $8.5 million in Fiscal 2020, the agency said. It worked in partnership with farmers, ranchers, and forest landowners in the Caribbean Area (Puerto Rico and the U.S. Virgin Islands), to develop conservation plans for […]
Discover Puerto Rico, Puerto Rico’s destination marketing organization, shared results of a recent market study that showed that 56.4% of consumers are “ready to travel,” with more than 40% expecting their next trip will take place before the end of the year. Citing the data gathered by its research partner Destination Analysts, Discover Puerto Rico […]
Evertec Inc. announced the results of its 6th edition of its Scholarship Program, granting more than 160 scholarships to university students in Puerto Rico and throughout Latin America for an investment exceeding $185,000. The company also revealed that a year after developing an alliance with leaders in the technology ecosystem to encourage women concentrating in […]
The Puerto Rico Tourism Co. relaunched its “Check Into Your Island” campaign to convey the message on the health and safety measures to be considered to do internal tourism and take advantage of offers currently available only for Puerto Rico residents. The goal is to retrigger the tourism sector’s economic activity after more than six […]
Several hundred Puerto Rico-based schools, municipalities and nonprofits will receive more than $5.5 million from the Federal Communications Commission’s E-Rate funding program to boost broadband services. The program is part of the Universal Service Fund, which has opened two funding windows so far this year. During the first round, the agency received 361 funding requests […]
Medical technology manufacturer Becton, Dickinson and Company (BD) announced a new expansion to its complex in Juncos, through a $23 million shared investment with the Department of Economic Development and Commerce (DDEC). BD has been operating in Puerto Rico since 1957 and will expand its operations and infrastructure to increase production capacity, DDEC Secretary Manuel […]
Despite challenges posed by measures implemented to curb the spread of COVID-19, Puerto Rico’s new car sales reflected an 11.7% year-over-year growth in September, with 8,427 units sold vs. the 7,546 sold in the same year-ago month. The United Automobile Importers Group said, however, that sales from January to September are 20.7% below the same […]
The Federal Emergency Management Agency recently obligated more than $238 million to the Puerto Rico Electric Power Authority (PREPA) for costs related to 28 peaking generator units that provide power to critical facilities until the Costa Sur units in Peñuelas are back in service. The units, which typically only run when there is high demand for […]
Online marketplace eBay recently held the second edition of its “Entrepreneurs of the Year Awards,” which this year included a Puerto Rican business owner among the winners. Local entrepreneur Iván Blázquez received the “New Business Award” for creating Tropical Plantae, an agricultural company located in Aguadilla deemed “the most successful new business on the platform, […]
The U.S. Department of Energy’s Weatherization Assistance Program has opened an application round for Puerto Rico homeowners looking to qualify for lower energy bills by installing efficient equipment. The program is overseen locally by the Department of Economic Development and Commerce’s Energy Public Policy Program. “We urge citizens who meet the established requirements to request […]
Wireless carrier AT&T announced the availability of next-generation 5G technology across all of Puerto Rico, including Vieques and Culebra, as well as the U.S. Virgin Islands. AT&T began the deployment of the 5G network in June, starting with 58 municipalities, as this media outlet reported. The carrier also announced the availability of the new Apple […]
The World Travel and Tourism Council (WTTC) granted its Safe Travels Stamp to the Puerto Rico Tourism Company (PRTC), making the island the first U.S. destination to be included in the international organization’s certification program. Tourism Co. Executive Director said the recognition “promotes the island’s image as an attractive, forward-thinking destination and, most importantly, as a place […]
Centro CRECE, a nonprofit organization that cultivates solutions to promote self-management and growth, announced the launching of the “Competitiveness Toolkit” for Puerto Rico. This analysis, developed in collaboration with the firm Inteligencia Económica evaluates Puerto Rico’s competitiveness in a global market and presents necessary reforms to improve the environment of doing business, fostering entrepreneurship, and […]
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