Editor’s UPDATE: Las Brisas Property Management is the new manager of Paseo Caribe, which has been sold to a new company called Paseo Caribe Commercial, LLC. Guaynabo-based Las Brisas Property Management quietly closed on the purchase of the mixed-use oceanfront property Paseo Caribe, for an undisclosed amount, from former operator Caribbean Property Group LLC, several […]
A group of Puerto Rico tourism industry representatives issued a statement expressing their interest in a gradual reopening of the sector that generates some 80,000 jobs and generates some $5.5 billion in annual revenue. “As Puerto Rican executives, we recognize the importance of tourism in the island’s economy, and we want to return to work […]
A little more than five years after making its debut in Puerto Rico, luxury retailer Nordstrom will close its only store at The Mall of San Juan, as it downsizes in response to the impact the COVID-19 has had on its operation. “Our goal is to best position ourselves to serve customers in each market […]
The Federal Emergency Management Agency has obligated nearly $89 million to date to repair and rebuild hospitals and health centers across the island. More than half of the funds are for permanent work for 258 facilities that will benefit the communities and residents they serve, the agency confirmed. The federal investment in the local healthcare […]
The Puerto Rico Treasury Department will open a website at 4 p.m. today so that taxpayers who filed their 2019 returns without their bank account information can submit it to be next in line to receive their $1,200 federal stimulus checks. Treasury Secretary Francisco Parés said only those individuals should access the website today through […]
Liquified Natural Gas provider New Fortress Energy confirmed it has been put on the short-list of proponents participating in the Puerto Rico Electric Power Authority’s temporary emergency generation RFP (Request for Proposals) released in March. During a call with analysts to discuss its most recent quarterly results, New Fortress CEO Wesley R. Edens confirmed the […]
Puerto Rico has been ranked 87th in a roster of 187 countries included in the Centre for Law and Democracy’s Global Index of the Right to Information, according to a report released by local nonprofit, Transparency Network. The RTI Ratings analyzes the transparency and open data laws, enacted in Puerto Rico last year. It points to […]
The U.S. Environmental Protection Agency announced that the town of Toa Alta was selected to receive $300,000 to assess and clean up contaminated properties under the agency’s Brownfields Program. The Municipality of Toa Alta will use the grant to target the 35-acre former Industrial Zone, including four vacant and hurricane-damaged former industrial sites and a […]
The InterAmerican University of Puerto Rico is distributing $29.6 million to students in financial assistance provided through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the college’s President Manuel J. Fernós announced. The CARES Act assigns emergency financial aid to each eligible college student actively enrolled in a face-to-face program at the time of […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, obligated roughly $95.4 million for 552 projects during April – more than the total number of projects approved between the months of January and September 2019 combined, they confirmed. Municipalities across the island received the bulk of these obligations […]
Taxi drivers and public carriers have been given the green light to make light cargo deliveries, and strike agreements with different businesses— including mobile applications — to conduct such activities, Bureau of Transportation and Other Public Services president Luis D. García-Fraga announced. The agency issued notice XIV-2020 to establish the process through which taxi drivers […]
The Communities Organized for the Prevention of Arboviruses, or the COPA project, is actively pursuing its efforts to organize and mobilize communities in 38 areas of Ponce to identify, prevent, and control mosquito-borne diseases, mainly dengue, during the COVID-19 crisis, organizers said. Although COVID-19 is a respiratory illness that is not spread by mosquitoes, mosquito-borne […]
Popular Inc. announced that as of May 1st, it had processed more than $1.2 billion in loans under the second round of the U.S. Small Business Administration’s Paycheck Protection Program. The loans have benefited 16,397 small- and medium-sized businesses that employ more than 235,000 people, the bank said. Of the total, $1.05 billion were granted […]
Foundation for Puerto Rico, in collaboration with the Puerto Rico Housing Department, unveiled the Social Capital Interactive Maps, a new digital tool that it developed as part of its Whole Community Resilience Planning Program. This pilot platform allows citizens to visualize data and interactive maps that contribute to improving planning, promoting economic development and resilience […]
This edition of Climbing the Corporate Ladder includes executive appointments at the Bravo Family Foundation, the U.S. Small Business Administration, MCS, StoneMor and AON. Bravo Family Foundation names new executive directorBravo Family Foundation announced the appointment of Blanca Santos as its new executive director. Santos, who has more than 24 years of experience working in […]
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