Liberty Puerto Rico will not raise rates in ’21, will expand 5G services
February 8, 2021
Liberty Puerto Rico vowed not to raise fees for its internet, television and telephony services in 2021, President Naji Khoury said in an email sent to customers over the weekend. “Despite the investment we made to expand our network and the yearly increase in programming costs from television channels, we are absorbing a great amount […]
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Puerto Rico to get $4.3M from McKinsey & Co. opioid case settlement
February 5, 2021
The Commonwealth of Puerto Rico is among 47 states, the District of Columbia, and four territories that will split $573 million from that consulting firm McKinsey & Co. entered into to settle claims that it “fueled” the country’s opioid crisis. Puerto Rico will get a little more than $4.3 million, said Justice Secretary Domingo Emanuelli, […]
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Chick-fil-A partners with mall operator Site Centers for 1st restaurants in Puerto Rico
February 5, 2021
Chick-fil-A announced it has selected Site Centers, which operates the RVI shopping centers, as the home for the first round of openings of its new restaurants in Puerto Rico. “When Chick-fil-A first considered expanding to Puerto Rico, they quickly determined that Plaza del Sol in Bayamón and Plaza Escorial in Carolina were the perfect locations. […]
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Uber’s new safety feature detects trips that end earlier than expected
February 5, 2021
Rideshare company Uber released a new version of the RideCheck feature to detect if a trip ends earlier than expected, as part of its mission to offer passenger safety. This is in addition to the feature implemented a year ago, where the company launched a feature to detect long and unexpected stops. In both of […]
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2 biotech firms investing $228M to open plants in Puerto Rico
February 4, 2021
CytoImmune Therapeutics, Inc. and Biosimilar Solutions, LLC will establish operations in Puerto Rico to develop their biotechnology products. Both initiatives represent a combined investment of some $228 million and the creation of 400 jobs, economic development organization Invest Puerto Rico announced. While CytoImmune Therapeutics will engage in developing cancer immunotherapy solutions, Biosimilar Sciences will work […]
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Medtronic produces insulin pump system at Juncos facility for global distribution
February 4, 2021
Medical device manufacturer Medtronic announced the launch of its newest insulin pump system, produced at its Juncos facility from where it will be exported globally. The Medtronic Minimed 770G insulin pump system has approval from the US. Food and Drug Administration and adjusts insulin levels automatically, taking on more diabetes control tasks so patients can […]
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HUD renews $20.7M in funding to 63 homeless programs in Puerto Rico
February 4, 2021
The U.S. Department of Housing and Urban Development announced it has renewed funding for 63 homeless support programs in Puerto Rico, meaning the availability of $20.7 million for that purpose. The allocation is part of a global $2.5 billion budget to renew existing grants for more than 6,500 community-based housing and service providers across the […]
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FEMA OKs $550K to nonprofits that protect women domestic violence victims
February 4, 2021
The Federal Emergency Management Agency has approved nearly $550,000 for nonprofits that offer services for women who are victims of domestic violence. These allocations include $400,000 for three permanent repair projects and other allocations for emergency work following Hurricane María. Citing Puerto Rico Police Bureau Statistics Office, FEMA said there were 6,170 incidents of domestic […]
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17K businesses in Puerto Rico eligible for $65M in pandemic recovery aid
February 3, 2021
Puerto Rico government officials announced the availability of $65 million in new economic assistance for some 17,000 eligible small businesses whose operations have been interrupted during the COVID-19 pandemic. At a news conference, Department of Economic Development and Commerce Secretary Manuel Cidre and Treasury Secretary Francisco Parés offered details of the Business Interruption Grant from […]
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LUMA attorneys charge $1K+ an hour and consultants get paid nearly $5M to write plans
February 3, 2021
By Eliván Martínez MercadoCenter for Investigative Journalism Hiring a law firm that charges up to $1,245 per hour. The outsourcing of foreign companies such as Alumbra, from Colorado, which has billed as much as $1.3 million in a single month for plans to transform the energy system without having gone through a competitive process. This […]
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Cidre urges Puerto Rico businesses to opt into 2nd round of SBA funding
February 3, 2021
Department of Economic Development and Commerce Secretary Manuel Cidre urged Puerto Rican businesses and self-employed individuals to participate in the second round of the U.S. Small Business Administration’s Paycheck Protection Program, which so far has approved $88.4 million in loans. In a report issued late Monday, the federal agency confirmed it has given its support […]
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CDC includes Puerto Rico in expanded COVID-19 vaccination program with Walgreens
February 3, 2021
The Centers for Disease Control and Prevention (CDC) and the U.S. Department of Health and Human Services has selected Walgreens to provide a limited number of COVID-19 vaccinations across 15 states and jurisdictions — including Puerto Rico — as part of the Federal Retail Pharmacy Program. Vaccinations will begin in stores Feb. 12 to eligible […]
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Anthem Inc. to acquire MMM Holdings, LLC, affiliates from InnovaCare Health, L.P.
February 2, 2021
Anthem Inc. announced it has entered into an agreement with InnovaCare Health, L.P., to acquire its Puerto Rico-based subsidiaries, including MMM Holdings, LLC and its Medicare Advantage plan MMM Healthcare, LLC as well as affiliated companies and Medicaid plan. The financial terms of the agreement were not disclosed. “We are pleased to expand Anthem’s commitment […]
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Historic San Juan Custom House to undergo $44.1M renovation
February 2, 2021
The U.S. Customs and Border Protection has awarded a $44.1 million contract to Framingham, Mass.-based Perini Management Services Inc. to repair and renovate the historic San Juan Custom House, the company announced. Perini Management Services Inc. is a subsidiary of Tutor Perini Corp., a civil, building and specialty construction company. The San Juan Custom House, […]
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HMS starts transition of operations of the Cataño-San Juan ferry route
February 2, 2021
As part of the “systematic and complex” handover of procedures of Puerto Rico’s maritime transportation service, HMS Ferries announced the start of the process to transition operations on the Cataño-San Juan ferry route. “During the Transition Phase, we will be working on the systematic transfer of the maritime transportation service in Puerto Rico. During this […]
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