Ports Authority opens bids for $11M in improvement to Culebra, Arecibo airports
May 26, 2020
The Puerto Rico Ports Authority will open bidding processes to make needed improvements to the Culebra and Arecibo regional airports, representing a combined investment of some $11 million, the Interim Executive Director of Ports, Joel A. Pizá-Batiz, said. “Ports conducted a pavement inspection program at every airport, including Culebra and Arecibo, evaluating conditions according to […]
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Esteban Montes Salon activates safety protocols to open its 2 locations
May 26, 2020
In anticipation of the reopening of his two salons in Guaynabo and Condado today, professional stylist Esteban Montes has activated a sweeping safety protocol to protect customers and employees from exposure to the COVID-19 virus, he confirmed. In an interview with this media outlet, Montes said the operational shutdown that began March 16 has represented […]
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Puerto Rican agencies launch SPYN.LIVE, a virtual concert platform
May 26, 2020
DDB Latina Puerto Rico and Buena Vibra Group announce the creation of the SPYN.LIVE platform, a digital tool that will change the entertainment industry. SPYN.LIVE will allow the consumer to live the experience of a virtual concert that will feature the traditional elements of face-to-face shows such as lights, screens, pyrotechnics, dancers and musicians, among […]
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Puerto Rico Hotel & Tourism Association asks gov’t for reopening plan
May 22, 2020
The Puerto Rico Hotel & Tourism Association confirmed that tourism and organization members are “ready for the staggered opening proposed by the government, and are ready to implement the necessary precautionary measures,” the group’s President Clarisa Jiménez said. “Since we’re aware that there will be a staggered reopening by the government for economic activities, we […]
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USDA to provide $1B in loan guarantees for rural businesses, ag producers
May 22, 2020
U.S. Secretary of Agriculture Sonny Perdue today announced that the agency is making available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the coronavirus pandemic. Additionally, agricultural producers that are not eligible for USDA Farm Service Agency loans may receive funding under USDA Business & Industry […]
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Colmena66 survey reveals 86% of Puerto Rico businesses unprepared for emergencies
May 22, 2020
Colmena66, a program of the Puerto Rico Science, Technology and Research Trust, shared the results of its “Levanta tu Negocio Puerto Rico” survey, which among other things, revealed that 86% of participating businesses lack a contingency fund for unforeseen situations. The survey began on Mar. 20 and during the first five weeks, 625 responses were […]
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Aon report: Benefit packages get ‘increasingly robust’ to attract and retain employees
May 21, 2020
At a time when the workforce is undergoing great changes and facing new challenges, a new report by professional services company Aon unveiled the current state of Puerto Rico’s benefits strategies and programs. The Puerto Rico Benefits Outlook 2019: Redefining Benefits study surveyed 85 organizations from several business sectors and sizes participated, such as: manufacturing; […]
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Puerto Rico Treasury starts cutting $1,200 checks to 2018 tax return filers
May 21, 2020
The Puerto Rico Treasury Department has begun the second phase of the Economic Impact plan, which calls for sending $1,200 to taxpayers who filed their 2018 returns. Those deposits follow the disbursements to taxpayers who filed their returns for 2019, and provided their banking information to the agency. On Tuesday, the agency disbursed nearly $48 […]
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Study: COVID-19 curfew disrupts college student finances, daily life
May 21, 2020
A survey conducted by nonprofit Mentes Puertorriqueñas en Acción of 535 Puerto Rico college students confirmed many of them have experienced a financial blow from the COVID-19 pandemic and curfew. The data shows that more than two thirds of the students have seen a reduction in their income. A number of them students were unemployed, […]
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Pandemic demands ‘extraordinary measures’ to handle economic crisis
May 20, 2020
The economic crisis Puerto Rico is facing while in the grip of the COVID-19 pandemic requires forceful action on the part of the government and Financial Oversight and Management Board for Puerto Rico, according to nonprofit Espacios Abiertos. “When we analyze the international context and Puerto Rico’s situation in light of the economic projections contained […]
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HUD allocates $241K to assist people living with disabilities in Puerto Rico
May 20, 2020
U.S. Department of Housing and Urban Development Secretary Ben Carson announced the assignment of $241,205 to Puerto Rico, as part of nearly $77 million nationwide in a fourth wave of CARES Act funding supporting up to 8,300 additional vouchers. Funding for the island will benefit the Puerto Rico Public Housing Administration ($140,143), the Municipality of […]
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FEMA assigns $37M to 121 recovery projects in Puerto Rico
May 20, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the disbursement of more than $37 million in additional funds for 121 projects approved between May 8-14. As social distancing measures continue to safeguard residents, FEMA and COR3 remain focused on prioritizing obligations of funds to municipalities for […]
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Study: Auto industry could see effects of COVID-19 for years to come
May 20, 2020
The global auto industry is facing an economic context that will affect sales processes and customer relations for years to come, according to a study by San Juan-based research firm Abexus Analytics. That trend will be no different in Puerto Rico, where new car sales have plummeted by 96% since the island went into lock-down […]
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Caribbean Produce Exchange lands ‘Farmers to Families Food Box Program’ contract
May 19, 2020
Puerto Rican consumer food and fresh food distributor, Caribbean Produce Exchange Inc., announced the creation of a coalition of multiple food industry sectors and the local Agriculture Department to participate in the U.S. Department of Agriculture’s “Farmers to Families Food Box Program.” Through the initiative, the coalition will use $107 million in grant funding to […]
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Puerto Rico Ports Authority opens bid for $15M in airport improvements
May 19, 2020
The Puerto Rico Ports Authority will be opening bids to hire contractors to carry out necessary improvements to the runways at the Isla Grande and Vieques regional airports, representing an investment of some $15 million, agency Interim Executive Director Joel A. Pizá announced. “Ports carried out a pavement inspection program at all airports, including Isla […]
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