As the current Executive Order in place by the government imposing restrictions on the population and businesses is set to expire on Friday, representatives from Puerto Rico’s casino and restaurant industries have asked for an easing up of conditions they say are putting operations and employees at risk. During a news conference, casino industry executives […]
The Food Bank of Puerto Rico will launch seven simultaneous projects under the “Mobile Pantry” program, which runs from this month through April 2021. The social action projects will directly benefit 5,520 people suffering from food insecurity and will give continuity to the campaign “Zero Hunger Puerto Rico” to raise local awareness against hunger, the […]
The Department of Economic Development and Commerce (DDEC, in Spanish) announced the completion of the Request for Qualifications application process to develop the proposed $300 million Puerto Rico Ocean Technology Complex (PROTech) in Yabucoa. As a result, three companies — WSP USA Building, Inc./Marvel Marchand, Agru America, and Energy Center Cajuhu, LLC — have been […]
Gov. Wanda Vázquez signed Joint Resolution 737 to assign $20 million to semi-public, public and private entities and institutions whose activities or services tend to the development of programs and social welfare, health, education, culture and to improve the quality of life of Puerto Ricans. The funds come from the Joint Budget Resolution for fiscal […]
Foundation for Puerto Rico (FPR) announced it has disbursed $80,000 to 22 entrepreneurs affected by the earthquakes in the southern area to boost their businesses. As part of the initiatives established by FPR to support entrepreneurs in the southern part of the island, the organization reactivated the Small Business Support Program (SBSP) through the Puerto […]
Two local executives from multinational companies — Carlos Rivera-Vélez and Carlos Miró — they recently launched The Foundation Global Group (TFGG), an integrated business consulting firm to provide solutions that promote business development and success throughout the U.S. mainland during the COVID-19 era and beyond. The COVID-19 pandemic has had a negative impact on thousands […]
By Vanessa Colón-AlmenasCenter for Investigative Journalism Of the $20.2 billion recovery funds allocation granted after Hurricane María through the Community Development Block Grant Disaster Recovery program (CDBG-DR), Puerto Rico has been approved to use only 16%, or, $3.2 billion. Of the money available, the government had used a mere 2%, as of June 30, the […]
The 2020 model of the Toyota Yaris Sedan will be the last to be sold in Puerto Rico, after the automaker decided to end production and delivery of the popular sub-compact vehicle to the local market. “After careful consideration, Toyota Motor North America (TMNA) has decided that 20MY will be the last model year for […]
The Puerto Rico Department of Labor announced the launch of a new online Pandemic Unemployment Assistance platform — known as FastPUA — to expedite claims, by working in tandem with the Puerto Rico Treasury Department, which will share taxpayer information. The Labor Department began testing the platform last week, during which some 5,749 claimants accessed […]
BrainHi, a technology company founded and developed in Puerto Rico, has deployed its virtual automated messaging, call rescue, and appointment management application among more than 300 island businesses to respond to the challenges of the COVID-19 pandemic. The company’s service responds to required safety protocols and to how the pandemic has changed the way of […]
Grupo Guayacán announced the return of the Guayacán Giving Day, its annual fundraising campaign that runs until Oct. 14, 2020. The campaign will be live over the following weeks under the slogan “Give to Support” and will highlight success stories of Guayacán alumni companies. More than 1,200 people have benefited from the various initiatives developed […]
The Department of Transportation and Public Works (DTOP, in Spanish) announced an upgrade to its CESCO Digital mobile app, which among other things, features a virtual driver’s license. The feature, which will become available after the Puerto Rico Legislature approves the required legal aspects, will show a full version of driver’s license and will display […]
Nearly a year after announcing its plans, First BanCorp. announced the completion of its acquisition of Santander BanCorp in Puerto Rico. In connection with the acquisition, Santander BanCorp and Banco Santander will be merged into FirstBank, with FirstBank being the surviving entity, officials said. In July, First BanCorp. got the regulatory go-ahead to complete its […]
The Federal Aviation Administration announced the assignment of infrastructure grants that represent a combined $14.5 million for upgrades to three Puerto Rico airports. The Luis Muñoz Marín International Airport will receive $6 million, the Benjamin Rivera Noriega Airport will receive $7.3 million, and the José Aponte de la Torre Airport will get a little more […]
Solid waste management company EC Waste, announced the acquisition of Republic Services de Puerto Rico, a subsidiary of Republic Services Inc., as well as the integration of its employees, management, client portfolio and landfills in Ponce and Salinas, as of Sept 1. The financial terms of the transaction were undisclosed. “The acquisition of Republic Services […]
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