25 film projects worth $148M in investments set to roll in Puerto Rico
July 9, 2020
Twenty-five romance, comedy and action films representing $148 million in investments are slated to roll in Puerto Rico beginning in the second half of this year, Department of Economic Development and Commerce Secretary Manuel Laboy confirmed. The productions are backed by the agency’s Film Industry Development Program. “This second semester of the year has a […]
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$3.6M improvements at Ceiba regional airport take flight
July 9, 2020
The Puerto Rico Ports Authority confirmed the start of runway pavement improvements at the José Aponte de la Torre regional airport in Ceiba, at a cost of some $3.6 million. Agency Executive Director Joel A. Pizá-Batiz said the project was deemed necessary as part of a pavement inspection program at all airports under its jurisdiction, […]
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Aerostar boosts protection measures at LMM airport ahead of tourism reopening
July 8, 2020
Faced with the worldwide threat posed by COVID-19, Aerostar Airports, a company that operates the Luis Muñoz Marín International Airport, has boosted security and prevention measures to protect visitors, employees and its community, company executives confirmed. During a tour of Puerto Rico’s main airport facility, Aerostar CEO Jorge Hernández said the goal is to turn […]
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Puerto Rican startup turns to unconventional data to gauge economic effect of COVID-19
July 8, 2020
Given the lack of up-to-date data for Puerto Rico’s economic activity, local startup Abexus Analytics has turned to unconventional data sources to gauge the performance of the economy during the COVID-19 crisis. The findings are included in a report titled “The Economy is not reserved for Economists,” which takes a technical tour of the issues […]
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Puerto Rico gov’t opens RFQ for $300M thermal ocean energy project in Yabucoa
July 8, 2020
The Department of Economic Development and Commerce opened the call for Request for Qualifications to identify potential candidates to develop the proposed $300 million Puerto Rico Ocean Technology Complex (PROTech) in Yabucoa. Economic Development Secretary Manuel Laboy unveiled the master plan for the project that also involves the Puerto Rico Land Administration. “PROTech is an […]
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FEMA assigns $18.5M+ in additional funds for 77 recovery projects in Puerto Rico
July 8, 2020
Reconstruction projects in Puerto Rico for Hurricane María recovery efforts continue with the assignment of more than $18.5 million in additional funds for 77 projects approved by the Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction, and Resilience, or COR3. The funds were awarded between June 26 and July 1, of which […]
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SBA backs $741M+ in PPP loans of up to $150K in Puerto Rico
July 7, 2020
The U.S. Small Business Administration and the U.S. Department of Treasury released Paycheck Protection Program Loan data that revealed that since the start of the program in April, local banks have processed some 35,896 loans for up to $150,000 totaling $741.4 million so far. The detailed loan-level data for Puerto Rico shows that more than […]
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EDIC College merges with Columbia Central University
July 7, 2020
EDIC College in Caguas, a university with a focus on health sciences, has merged with Columbia Central University, EDIC’s parent company Philadelphia-based investment firm Renovus Capital Partners confirmed. The combined institution will operate under the Columbia Central University brand and will continue to serve more than 2,000 students from its four physical campuses and online […]
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Ports Authority launches $1.8M roof repair project at Vieques airport
July 7, 2020
The Puerto Rico Ports Authority began the permanent roof repair project at the Antonio Rivera Rodríguez regional airport terminal in Vieques, agency Executive Director Joel A. Pizá-Batiz announced. The airport, the only one in Vieques, connects the island municipality, through commercial flights to the municipalities of Ceiba, Carolina and San Juan, and to other Caribbean […]
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Puerto Rico’s next back-to-school tax holiday slated for July 31-Aug. 1
July 7, 2020
The next back-to-school tax-free holiday is slated for July 21 to Aug. 1, The Puerto Rico Treasury Department announced in a circular letter published on its website. That is the first of two such events scheduled for Fiscal 2021, when specific items will be exempt from the island’s 11.5% sales tax. Another tax-free holiday is […]
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Ana G. Méndez Carolina campus adds 2 new tourism education programs
July 6, 2020
The Ana G. Méndez University System’s Carolina campus will add two new programs to its tourism bachelor’s degree programs focusing on sustainable practices. The new programs recently approved by the Board of Postsecondary Institutions (formerly the Puerto Rico Board of Education) are the Associate Degree of Science in Management of Sustainable Tourism Companies and the […]
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L’Oréal unveils new global sustainability program
July 6, 2020
L’Oréal has launched its new global sustainability program, “L’Oréal for The Future,” which outlines a new set of goals for 2030 that will transform the way it does business and addresses critical environmental and societal issues. The program lays out specific actions and measurable objectives that will further accelerate the company’s transformation to respect the planet’s […]
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FEMA OK’s $579K to repair Puerto Rico’s historic town squares
July 3, 2020
The Federal Emergency Management Agency comfirmed a funding obligation of some $579,000 for repairs to public town squares in 13 municipalities throughout the island. “Town squares are historic places and landmarks of the Puerto Rican culture. Being part of the repair of these spaces is what drives us to continue with our recovery efforts,” said […]
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Evertec launches new ATH Movil contactless payment solution
July 3, 2020
Evertec Inc. announced the launch of its new ATH Movil solution that allows consumers to make payments by scanning QR codes at participating Evertec retailers, without having the card on hand. This new feature will allow the more than 1.5 million ATH Movil users to make payments at participating locations, in “an easy, secure, and […]
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Puerto Rico Ports Authority starts $7.4M Mayagüez airport runway upgrade
July 3, 2020
The Puerto Rico Ports Authority announced the start of some $7.4 million in runway pavement improvements at the Eugenio María de Hostos regional airport in Mayagüez. Ports Authority Executive Director Joel A. Pizá-Batiz said the agency maintains a pavement inspection program at all airports under its jurisdiction, according to standards established by the Federal Aviation […]
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