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 […]
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 […]
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