Convention Center District to launch virtual live entertainment events
May 15, 2020
The Convention Center District Authority, which runs the Puerto Rico Convention Center and the José Miguel Agrelot Coliseum, will launch — as early as this weekend — a series of live, virtual entertainment events that people will be able to enjoy from their homes. The events follow the approval of a special waiver by Gov. […]
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Evertec opens call for 6th edition of scholarship program
May 15, 2020
In an effort to strengthen its commitment to support students heading toward a career in the industry of science, technology, engineering, and math (STEM), Evertec announced the 6th edition of its scholarship program. This year, the company hopes to help students continue their bachelor’s, master’s, and doctoral degrees in universities island wide, executives said. Applicants […]
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Puerto Rico towns to get a $185M credit line to continue operating through COVID-19
May 14, 2020
The Financial Oversight and Management Board for Puerto Rico announced it authorized a $185 million short-term liquidity facility to help Puerto Rico’s 78 municipalities offset the timing of expected receipt of property tax revenue due to the COVID-19 pandemic. The facility would be made by the Commonwealth of Puerto Rico to the Municipal Revenue Collection […]
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Pre18 opens application round to help Puerto Rican startups get to market
May 14, 2020
Puerto Rican companies interested in strengthening their product to reach the market or increase their sales have the chance to apply to parallel18’s pre-accelerator program, pre18, which will run for 12 weeks starting in November. The program –– whose last call received more than 250 applications –– was founded in 2017 as part of the […]
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Puerto Rican firm to offer free mandatory courses to reopen businesses
May 14, 2020
Self Learning Solutions Tech (SLSTECH), a Puerto Rican firm specializing in distance learning courses, will offer mandatory courses on protection against COVID19 to reopen businesses, locations and offices free of charge through May 31, it announced. “We’re contributing to a safer reopening by certifying employers free of charge so that they can restart their businesses,” […]
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FEMA assigns $47M to 131 recovery projects in Puerto Rico
May 13, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the obligation of more than $47 million in additional funds for 131 projects during the first week of May. The Humacao Campus of the University of Puerto Rico, 26 parks and community centers from the of Sports and […]
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Puerto Rico Tourism Alliance for asks ‘for more clarity’ on sector’s reopening
May 13, 2020
The Puerto Rico Tourism Alliance denounced that the efforts to reopen the industry “lack a defined strategy that guarantees a successful and safe return,” after months of a stand-still of the tourism sector due to the health crisis caused by COVID-19. The Alliance said July would be the right time to lift social distancing restrictions […]
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Science Trust program offers free online business resiliency curriculum
May 13, 2020
The Puerto Rico Science, Technology and Research Trust’s Resiliency and Business Innovation program has designed a curriculum on “Resilience for Businesses,” it announced. The initiative run with funds from the Economic Development Agency (EDA i6), is being done jointly with George Mason University — Center for Resilient and Sustainable Communities and Echar Pa’ Lante. “Building […]
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COVID-19 pandemic benefits coastal, marine ecosystems
May 13, 2020
The COVID-19 pandemic has forced people worldwide to apply social distancing, which translates into drastically reducing the level of social and economic activity, as well as bringing to light the positive impact that this situation has had on the environment, including the oceans. To raise awareness of this reality, the Marine Environmental Society announced the […]
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Liberty Puerto Rico reports $105M in revenue in 1Q20, adds 9K clients
May 12, 2020
Liberty Puerto Rico reported $105 million in revenue, representing a 3% growth during the first quarter of 2020 compared to the same period in 2019. The company added some 9,000 customers to its broadband division in the recent three-month term. Liberty Latin America CEO Balan Nair said during an earnings call with analysts that the […]
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Paycheck Protection Program funding still available for P.R./USVI small businesses
May 12, 2020
The U.S. Small Business Administration confirmed it continues to approve loans for Puerto Rico and U.S. Virgin Islands small businesses during the second round of SBA’s Paycheck Protection Program, with more than $120 billion still available. “We encourage small business owners in Puerto Rico and the USVI to take advantage of this opportunity to keep […]
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Grupo Guayacán, Popular partner to provide $90K in small biz grants
May 12, 2020
Grupo Guayacán and Popular have partnered once again to provide a total of $90,000 in economic relief grants for small businesses that are currently struggling to maintain operations amid the COVID-19 pandemic. The incentive “will provide much-needed aid to companies that are working hard and reinventing themselves to survive the challenges of this difficult time,” […]
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FAA revokes Ecolift Corp. of Puerto Rico’s repair station certificate
May 11, 2020
The U.S. Department of Transportation’s Federal Aviation Administration has issued an emergency order revoking the repair station certificate of Ecolift Corporation in San Juan. As a result, Ecolift has surrendered its certificate, the FAA said. The agency alleged that Ecolift repeatedly performed aircraft maintenance work that it was not authorized to perform, including: An altimeter […]
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Red Nose Day for Puerto Rico Fund commits $1M to support nonprofits
May 11, 2020
The Puerto Rico Community Foundation announced the first round of donations from the Red Nose Day for Puerto Rico Fund established in 2019 by Comic Relief US, which committed $1 million to the island. Of that amount, an initial $450,000 was awarded to five organizations in Puerto Rico that have a commitment to reduce poverty […]
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Triple-S reports $896.4M in 1Q20 operating revenue
May 11, 2020
Insurance provider Triple-S reported $896.4 million in total operating revenues for the first quarter of 2020, a 13.8% increase from the prior year, company CEO Bobby García said. The company recorded adjusted net income of $17.7 million or $0.75 per diluted share, in line with the same quarter last year, he said. “Overall, we’re pleased […]
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