Triple-S Vida acquires USIC Life portfolio of insurance policies
June 5, 2020
Triple-S Vida, a subsidiary of the Triple-S Group, announced its acquisition of United Surety & Indemnity Co.’s (USIC) portfolio of cancer, life and Temporary Non-Occupational Disability Insurance (Sinot, in Spanish) policies to expand its offer in Puerto Rico’s life insurance market. “We saw the opportunity to grow our portfolio with this acquisition that includes more […]
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6 Puerto Rico nonprofits chosen for 1st Leadership Development Initiative cohort
June 5, 2020
The Puerto Rico Nonprofit Capacity Building Network, a collaboration among Enterprise Community Partners, NeighborWorks America and the Puerto Rico Community Foundation announced the six Puerto Rico nonprofits selected for the inaugural cohort of the Puerto Rico Leadership Development Initiative. The six nonprofits, representing all major regions across the island, will each receive a $35,000 grant, […]
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FEMA works with public, academia to build emergency operations center in Loíza
June 5, 2020
Through a collaborative effort for the benefit of the community, the Federal Emergency Management Agency has joined the Polytechnic University of Puerto Rico with the municipality of Loíza to begin the initial phase of building a new Emergency Operations Center. The academic institution will donate the plans for the design of the structure located in […]
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Puerto Rico Treasury Dept. opens application process for small business incentives
June 5, 2020
Effective today, the Puerto Rico Treasury Department will open a link through the Unified Internal Revenue System (SURI, in Spanish), so that eligible small and medium businesses can apply for the second round of financial aid approved under the CARES Act. Treasury Secretary Francisco Parés said the approved incentives for small and medium-sized businesses will […]
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Haemonetics to sell Fajardo manufacturing operations to GVS, S.p.A
June 4, 2020
Medical technology company Haemonetics Corp. announced that it has entered into a definitive agreement to sell its Fajardo manufacturing operations to GVS, S.p.A, a provider of advanced filtration solutions for critical applications. Under the terms of the agreement, upon closing, Haemonetics will retain all intellectual property rights to its proprietary blood filters currently manufactured at […]
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Habitat for Humanity opens call for homeownership in Santurce
June 4, 2020
Nonprofit organization Habitat for Humanity announced the opening of its call to receive applications from low and medium income families and individuals interested in buying a property in its new multifamily housing project — a four story building with 12 units located on Avenida Ponce de León 1257 in Santurce. The project, which includes the […]
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Wyndham Grand Río Mar Golf and Beach Resort reopens to local residents
June 4, 2020
The Wyndham Grand Río Mar Puerto Rico Golf & Beach Resort reopened its doors after temporarily suspending operations to comply with government measures against the COVID-19 pandemic. For now, the resort is welcoming only Puerto Rico residents, hotel officials said. The beachfront property in Río Grande is implementing “rigorous protocols in addition to regular cleaning […]
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Discover Puerto Rico looks to tell consumers ‘it’s safe to visit our island’
June 4, 2020
Discover Puerto Rico is executing plans based on research, which shows consumers are committed to travel and to receive information from destinations on where to travel next, organization officials said during a virtual industry update. “The organization has kept Puerto Rico top-of-mind since the beginning of the COVID-19 lockdown and is eager to tell consumers […]
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U.S. Dept. of Justice awards $4.9M to Puerto Rico towns to hire police officers
June 3, 2020
The U.S. Department of Justice announced it is awarding a combined $4.9 million to six Puerto Rico towns to hire a total of 75 full-time law enforcement professionals, the agency announced. The funding is part of a global $400 million assignment through the agency’s Office of Community Oriented Policing Services (COPS Office) COPS Hiring Program […]
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Caribbean tourism sector to work together on recovery
June 3, 2020
Discover Puerto Rico joined industry leaders from the Caribbean Hotel & Tourism Association (CHTA), Marriott International, Delta Air Lines and the Aruba Tourism Authority to discuss the impact on the tourism sector throughout the region and what travel will look in the Caribbean for the remainder of 2020 as the region emerges from COVID-19. During […]
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Puerto Rico insurers ‘ready’ for hurricane season
June 3, 2020
Insurance providers grouped under the Puerto Rico Association of Insurance Companies (ACODESE, in Spanish) have their different contingency plans ready to deal with any emergency that arises during the hurricane season that began June 1, the Association’s Executive Director Iraelia Pernas said. Pernas said that as part of the preparation process, and as a result […]
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Grupo Colón-Gerena donates $12K in food to El Comedor de la Kennedy
June 3, 2020
Six of 10 minors in Puerto Rico go to bed hungry and to battle against this reality caused by poverty, the Grupo Colón-Gerena established an alliance of food donations, as well as voluntary work with the nonprofit entity El Comedor de la Kennedy, by Chef Iván Clemente, who serves thousands of people every month. This […]
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Urban Edge Properties closes $119M debt refinancing at The Outlets at Montehiedra
June 2, 2020
Urban Edge Properties announced it has completed the refinancing of its $119 million mortgage loan at The Outlets at Montehiedra in San Juan. The existing commercial real estate loan was due to mature in July 2021 and consisted of an $83 million senior note bearing interest at 5.33% and a $36 million junior note, including […]
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Food Bank of Puerto Rico, partners distribute $1M in food, vouchers, gift cards
June 2, 2020
In the face of the food emergency associated with the COVID-19 pandemic, the Food Bank of Puerto Rico and a number of heavy-hitting partners have destined a combined $1 million in vouchers, certificates and gift cards to needy sectors to buy food in certain establishments, the nonprofit announced. The initiative is possible through alliances with […]
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Ports Authority resumes resurfacing in Puerto Nuevo Port Area
June 2, 2020
The Puerto Rico Ports Authority resumed the repavement of critical areas on Avenida C in the Puerto Nuevo Port Zone, agency Acting Executive Director Joel A. Pizá-Batiz announced. The resurfacing works represent an investment of $352,865 and had been temporarily interrupted in March due to the COVID-19 global pandemic, and should be completed in two […]
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