Three Puerto Rico-based start-ups — INSU Health Design, Cinco and Skootel — won the top spots during the first edition of the Bravo Family Foundation’s Rising Entrepreneurs Program, with each receiving $60,000 for their businesses. INSU Health Design, is a company that provides a bio-medicine storage solution in times of disaster, CINCO, is dedicated to […]
A group of 32 credit unions in Puerto Rico received about $6 million in assignments from the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to expand their services to economically disadvantaged communities. The allocation constitutes the largest amount granted by the U.S. Treasury to co-ops in Puerto Rico, reaching $10 million […]
As part of the activities to commemorate World Tourism Day on Sept. 27, the Puerto Rico Tourism Co. published a schedule of official activities to mark the occasion. These activities will be held in the upcoming weeks and showcase “Tourism and Rural Development,” the theme chosen by the World Tourism Organization (UNWTO) for the 40th […]
The announcement last week that Puerto Rico will receive almost $13 billion in new disaster aid from the Federal Emergency Management Agency, primarily to rebuild the island’s power grid, is credit positive, Moody’s Investors Service said. “The announcement is credit positive for both Puerto Rico Electric Power Authority (PREPA: Ca, Neg) and the Commonwealth of […]
The Puerto Rico Retailers Association (ACDET, in Spanish) announced the results of the Collaborative Surveillance Program that the sector has integrated into its efforts to minimize the risks of COVID-19 contagion, which revealed that 96% of participating establishments are 96% compliant in their protocols. The conclusion stems from a sample involving 45,000 observations by 15 […]
The Bravo Family Foundation will choose today the three local startups that will receive additional prizes for their successful participation in the first edition of the Rising Entrepreneurs Program that seeks to promote business growth in Puerto Rico. In all, 10 businesses took part in the Bravo Family Foundation’s initiative to promote business creation within […]
The Puerto Rico Ports Authority received an additional grant of $24.2 million to develop the runway reconstruction project at the Rafael Hernández International Airport in Aguadilla, agency Executive Director Joel A. Pizá-Batiz announced. “This new grant is added to the historic $26 million grant announced last week. This is a very important achievement within the Ports […]
The Ritz-Carlton San Juan, a hotel that has remained shuttered since Hurricane María clobbered Puerto Rico in 2017, is set to reopen in mid-2022, following the completion of a multi-million dollar renovation, this media outlet confirmed. The owners of the luxury beachfront property in Isla Verde, RCPR Acquisition Holdings, LLC, have reportedly reached a settlement […]
Saying that Puerto Rico’s casino operations are abiding by “strict and efficient” security protocols to ward off the spread of the COVID-19 virus, sector executives represented by the Puerto Rico Hotel & Tourism Association sent a letter to island’s Health Secretary expressing concern about another potential closure. In the letter, the trade group spoke for […]
The Federal Emergency Management Agency and the Puerto Rico Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the obligation of more than $91.4 million in additional funds for 135 projects related to the recovery and reconstruction of Puerto Rico after Hurricane María. These grants were assigned during the week of Sept. 11-17, the government agencies confirmed. Among the […]
Puerto Rican Chef Edgardo Noel Rivera has diversified his talent in the kitchen into manufacturing, with the launching of a new condiment line for which he has invested nearly $50,000. Inspired by his grandmother Rosangélica’s cooking and seasoning, Rivera embarked on this venture that includes a variety of refrigerated “sofrito,” and minced garlic products under […]
The municipal government of the town of Carolina announced the start of construction of a new, $12.7 million medical tower that will incorporate retail spaces and a multi-level parking facility. The new six-floor building will provide support to the Doctors’ Center Hospital San Fernando de la Carolina in the town’s urban center, Mayor José Carlos […]
The U.S. Department of Agriculture’s Rural Development office in Puerto Rico has partnered with the Puerto Rico Housing Finance Authority to help low-or moderate-income families become homeowners. In a news release, Josué E. Rivera, USDA Rural Development Director for Puerto Rico and José J. Hernández Caraballo, deputy director of the Puerto Rico Housing Financing Authority, […]
ORLANDO, FL — More opportunities to get a post-high school education in Orlando will be available to area residents, as the InterAmerican University of Puerto Rico has unveiled plans to open a new bilingual campus in Lake Nona for the 2022-23 academic year, this media outlet confirmed. The proposed campus will sit on 17 acres […]
The Federal Communications Commission confirmed that five Puerto Rico-based telecommunications service providers have filed applications to receive funding from the “Uniendo a Puerto Rico” pool, which has $504.7 million available during a 10-year period to support fixed broadband projects. In a notice, the FCC’s Wireline Competition Bureu confirmed it received complete applications from: Aeronet Wireless […]
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