An alliance between the municipality of Rincón and Co-op Rincón will facilitate the financing of the development of affordable housing in that western town, via an investment that exceeds $8.7 million. The development of the Vista al Río urbanization, which will have 105 housing units, will have three construction phases, the first of which is […]
Gov. Wanda Vázquez confirmed the distribution of $108.9 million to Puerto Rico’s private hospitals to support COVID-19 emergency-related expenses through the CARES Act Private Hospitals Assistance Program. “This multi-million-dollar distribution of funds, which began during the first week of June 2020, represents an important step forward in the response to the emergency caused by COVID-19,” […]
The Puerto Rico Treasury Department disbursed additional $26 million in income tax return refunds for the 2019 tax year, pushing the total number of payments to more than $400 million, agency Secretary Francisco Parés said. “This week we’re sending refunds of $26,247,554 to some 35,116 taxpayers. Our commitment is to continue disbursing all the aid […]
During the decade spanning 2010 to 2019, Puerto Rico’s population under 18 years of age reflected a drop of 324,293 residents, representing 36% decrease. As of July 1, 2010, this population was 897,024, nine years later in 2019 it is estimated at 572,731, according to the U.S. the Census Bureau’s most recent annual population estimates […]
A study by the Chamber of Marketing, Industry and Food Distribution (MIDA, in Spanish) confirmed what was a broadly felt perception among consumers: they spent more on their purchases during the three-month lockdown in Puerto Rico. The results of the “Behind the mask…a Consumer X-Ray 2020” study show that 85% of consumers who participated in […]
The Federal Emergency Management Agency announced an obligation of more than $9.5 million to the Puerto Rico Department of Transportation and Public Works to replace signs on 238 roads covering approximately 496 miles in the Aguadilla, Arecibo and San Juan regions. Some 890,000 residents comprising much of the northern and western region of the island […]
Raytheon Technologies has committed $5 million to Feeding America to support local food banks, including the Food Bank of Puerto Rico, to help provide essential food and items to citizens in need during the COVID-19 pandemic. The need for food assistance in Puerto Rico has increased by 46% as a result of the health crisis, […]
Pennsylvania-based Duck Donuts announced the opening of its first Puerto Rico franchise store located in Plaza Río Hondo in Bayamón. This store is the first of three Duck Donuts franchise locations planned for Puerto Rico, in partnership with local entrepreneurs Jorge Ramos, Juan Carlos Piñero, and Delmarie Ayala over the next three years. This media […]
The pre18 program, one of the entrepreneurship support initiatives of the Puerto Rico Science, Technology and Research Trust, announced its traditional Applicathon: individualized sessions to help businesses complete the pre18 application. The event will take place virtually on June 26-27 and July 3-4 from 9 a.m. to 3 p.m. Participants will have 30 minutes to […]
Several Puerto Rico towns will benefit from 131 permanent project allocations with funds approved by the Federal Emergency Management Agency and Puerto Rico’s Central Office for Recovery, Reconstruction and Resilience, or COR3. The allocations during the week of June 12-18 total more than $45 million in additional funding for 153 projects related to the recovery […]
Banco Popular, Puerto Rico’s largest bank, confirmed that its “Mi Banco” digital platform has reached one million monthly active users, about six months ahead of schedule, officials said. The bank, which invests about $6 million a year to improve its digital offering, said more than 70% of all Banco Popular customers have enrolled in “Mi […]
JetBlue announced it is launching a Cash+Points redemption option for customers who are ready to book travel but do not have enough TrueBlue points to cover the full cost of their itinerary. Available when booking directly with JetBlue, TrueBlue members are now able to make up the difference by using a combination of cash and […]
Event ticket sales platform, Ticketera, announced it has updated its service to comply with the physical distance regulations that will be required for the restart of mass events in Puerto Rico. In doing so, it becomes the first Puerto Rican company offering the technology that will place seats with the predetermined distance to address the […]
The Puerto Rico Public Private Partnerships Authority announced that LUMA Energy, LLC — a consortium comprised by Canadian firm ATCO Ltd. (ATCO) and U.S.-based Fortune 500 firm Quanta Services Inc. — has been selected to operate, maintain and modernize the Puerto Rico Electric Power Authority’s electricity transmission and distribution for 15 years. The announcement follows […]
Federal regulators have asked the operator of a scandal-plagued Puerto Rico energy project to explain why they didn’t seek permission to build and operate a liquid natural gas terminal (LNG) adjacent to the island’s first major power project since a 2017 hurricane devastated the island’s electrical grid. The Federal Energy Regulatory Commission (FERC) last week […]
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