SBA, US Treasury open new round of PPP loan funding
January 11, 2021
The U.S. Small Business Administration (SBA), in consultation with the US Department of Treasury, announced that the Paycheck Protection Program (PPP) will re-open this week for new borrowers and certain existing PPP borrowers. To promote access to capital, only community financial institutions will be able to make the initial PPP loans starting today, and a second […]
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Cancellation of San Sebastián Street Fest a blow to OSJ vendors
January 8, 2021
The San Sebastián Street Festival, celebrated every year in January for four days straight in Old San Juan, will not be held in person this year due to the COVID-19 pandemic, eliminating crowds, sales, and limiting the exposure of independent vendors in the historic zone, this media outlet confirmed through several interviews. This week, San […]
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Passenger traffic down 45.2% YoY in Dec. at the LMM Airport
January 8, 2021
Grupo Aeroportuario del Sureste, known as ASUR — and a 60% joint venture partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport — reported a 45.2% drop total passenger traffic at the San Juan hub in December 2020, when compared to the same month in 2019. Traffic at the airport […]
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Puerto Rico Treasury reports $656.1M in net income in November ’20
January 7, 2021
The Puerto Rico Treasury Department reported net income to the General Fund during the month of November — the most recent figures available — totaled $656.1 million. Agency Secretary Francisco Parés confirmed that the figure represented $127.8 million, or 24%, over the monthly projection based on the budgetary method. Meanwhile, collections accrued during the first […]
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Challenge Fitness opens new Santurce location
January 7, 2021
Challenge Fitness announced the opening of its new boutique gym in the Santurce area after an investment of more than $80,000, incorporating strict health measures for the protection of its customers from the COVID-19 pandemic. The new gym has more than 2,000 square feet of space and is segregated into two areas — one dedicated […]
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US Customs reports 175% spike in counterfeit goods seizures
January 6, 2021
US Customs and Border Protection’s (CBP) San Juan Field Office — which is responsible for multiple ports of entry in Puerto Rico and the US Virgin Islands — experienced a 175% growth in the number of counterfeit seizures in Fiscal 2021 to date in contrast to the same period in Fiscal 2020. In Fiscal 2020, […]
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Discover Puerto Rico gets $15.8M in CARES Act funds to ‘revive tourism’
January 5, 2021
Destination marketing organization Discover Puerto Rico has received $15.8 million in funding through the Coronavirus Aid, Relief, and Economic Security (CARES) Act to promote the island as a safe place to visit once the COVID-19 pandemic recedes. Discover Puerto Rico CEO Brad Dean told this media outlet that the funding — which has been granted […]
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Puerto Rico Senate looking to roll back Tourism Co. consolidation into DDEC
January 5, 2021
The Puerto Rico Senate is looking to halt the consolidation of the Puerto Rico Tourism Co. into the Department of Economic Development and Commerce (DDEC, in Spanish) umbrella that is currently underway, stating the need for a “dedicated and autonomous entity to serve the interests of the local tourism sector and the world.” Senate Bill […]
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Practical Techie: Obsolete tech we must say goodbye to forever in ’21
January 5, 2021
Cybernauts want to forget 2020 as fast as possible, yet as we enter the second decade of the 21st Century, it’s also time to say goodbye to technologies that will not be around for long. Soon to be gone with the thankless 2020 are devices and tech that was necessary for our work routine, […]
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Puerto Rico’s economy faces uncertainty, further decline in ’21
January 4, 2021
After a significant decline stemming from measures adopted to control the COVID-19 pandemic, Puerto Rico’s economy faces further uncertainty as it is again expected to contract in 2021, although less dramatically, according to a projected scenario from economic consulting firm Estudios Técnicos. The firm’s base scenario reflects an economic contraction of 0.9% in 2021, a […]
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Puerto Rican restaurant El Cilantrillo will open 3rd location in ’21 despite pandemic
January 4, 2021
Orlando, FL — Challenges like the COVID-19 pandemic has not prevented the expansion plans of El Cilantrillo restaurant, with a third location expected to open early in February in Orlando, this media outlet confirmed. Hiram Turull, owner and founder of El Cilantrillo Restaurant Inc., with two locations in Kissimmee and Orlando, announced his plans to […]
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Puerto Rico opts-in to Mixed Earner Unemployment Compensation program
January 4, 2021
Gov. Pedro Pierluisi and Labor Secretary Carlos Rivera-Santiago announced the Puerto Rico is opting-in to the new Mixed Earner Unemployment Compensation program that will represent an economic impact of some $65 million to the island and could benefit some 60,000 individuals. Th requirements and instructions on how to participate in the program — which is […]
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Thrift shop owners have ‘big’ expectations for ’21
December 31, 2020
Following months battling with the COVID-19 pandemic, three thrift shop owners in Puerto Rico, have set their expectations high for a better 2021. For Jade Tavarez, Francheska Nazario and Mónica Oquendo the goal is to remain resilient during these tough times. Nazario, owner of the Closet Sustentable thrift shop in Bayamón, has been in the […]
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20/22 Act Society donates $1M+ to 30 Puerto Rico nonprofits
December 31, 2020
The 20/22 Act Society announced a record in the distribution of funds among this year helping more than 30 nonprofit organizations on the island that shared $1,085,000 in 2020. “Since 2013 we have made a strong commitment to support charitable organizations in the Puerto Rican community,” said Robb Rill, founder of The 20/22 Act Society. […]
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Caribbean Produce Exchange delivers 2.7M food boxes in Puerto Rico during pandemic
December 30, 2020
Caribbean Produce Exchange Inc., a Puerto Rican consumer food and fresh food distributor, delivered 2.7 million food boxes through its participation in the U.S. Department of Agriculture’s “Farmers to Families Food Box Program” since the initiative began in May. More than 9 million people on the island suffering from food insecurity that has escalated during […]
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