Following an investment of close to $300,000, the Puerto Rico Ports Authority will reopen the Dr. Hermenegildo Ortiz-Quiñones general aviation regional airport in Humacao today, a facility reserved for individual pilots and ultralight aircraft operators. In an exclusive interview with this media outlet, Ports Authority Executive Director Joel Pizá-Batiz confirmed that the reopening comes after […]
The Mennonite Health System unveiled plans to implement energy and oxygen production cogeneration systems (CoGen) in the Caguas Mennonite Hospital. These projects are part of the institution’s long-term plan to outfit its six hospitals with the same technologies, for which it will invest $36 million. The cogeneration system produces 1,748 kilowatts of electricity. The new […]
Fresenius Kabi Puerto Rico, a company focused on transfusion technology, blood collection and processing products, as well as cell therapy, announced plans to expand its manufacturing complex in San Germán, at a cost of $30 million. The expansion entails modernizing and automating the plant to increase its capacity and competitiveness, as well as establishing a […]
Puerto Rico Manufacturing Extension Inc. (PRiMEX), announced new programs that seek to support small and medium-sized manufacturing companies on the island in response to the recent earthquakes in the south west zone, the COVID 19 pandemic, as well as rural areas in the south central area of the island, with special attention to the agro-industrial […]
After an eight-week open call and a comprehensive evaluation process, parallel18 has announced that 42 Puerto Rican startups will participate in the third installment of its pre-acceleration program, pre18, starting Nov. 9th. The business curriculum operates under parallel18’s wing, an international startup entity that supports innovating ventures by helping them grow through two main programs: P18, a global […]
Foundation for Puerto Rico announced plans to hold the first two virtual meetings of the Destination Plan for the regions of Luquillo-Fajardo and Ceiba-Naguabo. These sessions are aimed at community members from the municipalities, as well as nonprofit and/or community organizations and municipal governments, among others, FPR said. The meetings seek to include all community […]
A total of 2,081 petitions have been filed in Puerto Rico’s bankruptcy courts since Gov. Wanda Vázquez implemented the first lockdown measures related to the COVID-19 pandemic, research firm Boletín de Puerto Rico revealed. The report breaks down weekly filings, showing that the week of May 25-31 reflected the highest number of petitions, at 157 […]
Confirming that COVID-19 has represented a $150 million blow and the cancellation of 1,000 performances, Puerto Rico’s entertainment sector asked the government to activate the Recovery Plan presented in May and demanded special attention to the issue of aid and incentives for its workers. The entertainment industry has remained in shutdown mode since the government […]
Microjuris.com has opened a call for Puerto Rico’s attorneys to fill out the 2020 edition of the longitudinal study on the legal services market in Puerto Rico, which seeks to continue analyzing the characteristics, trends and challenges of the legal profession, now from the context of the COVID-19 pandemic. “We encourage them to participate and […]
Ponce Health Sciences University announced the start of the first phase of construction of its new $72 million campus, which will feature multiple study options, laboratories, a 700-seat amphitheater and technology rooms that will promote modern education. Upon completion, PHSU will reportedly become the largest private medical school in Puerto Rico, and will increase the […]
The Puerto Rico Retailers Association (ACDET, in Spanish) again asked Gov. Wanda Vázquez to allow businesses to fully reopen on Sundays, saying losses experienced by workers and the government related to the protracted inactivity are already estimated at $203 million. The closing of some 7,296 retail businesses for some 20 Sundays — in accordance with […]
The Puerto Rico Hotel & Tourism Association is urging Gov. Wanda Vázquez to allow expanded tourism-related activities in the next executive order to enable “thousands of employees to return to their workplaces and in this way start moving the economy.” During a news conference, members of the island’s hotel sector called for the opening of […]
The U.S. House Judiciary Committee approved legislation authored by Rep. Nydia M. Velázquez (D-NY) aimed at extending to firms working on Puerto Rico’s debt restructuring the same disclosure requirements that apply to companies involved in other bankruptcies. The bill, H.R. 683, is meant to address instances where companies consulting for Financial Oversight and Management Board for Puerto […]
High-speed business internet service provider AeroNet announced that following an investment of more than $11 million, it won 224 3.5 GHz mid-band spectrum licenses through a Federal Communications Commission auction. The licenses cover more than 80% of Puerto Rico, company officials said. AeroNet, one of the top winners at the auction, aims to “continue its […]
The University of Puerto Rico announced it will invest some $8 million to develop new innovation and technology centers, as well as student counseling and support programs over the next five years. The funding comes from the U.S. Department of Education, which approved grant proposals submitted by the UPR’s Cayey, Carolina and Aguadilla campuses. With […]
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