Treasury opens site for Puerto Rico taxpayers to submit banking info
May 8, 2020
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 […]
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New Fortress Energy short-listed for PREPA temporary power generation bid
May 7, 2020
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 […]
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Global index gives low marks to access to information in Puerto Rico
May 7, 2020
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 […]
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EPA announces $300K Brownfields Grant for Toa Alta
May 7, 2020
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 […]
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InterAmerican University to dole out $29.5M to students
May 7, 2020
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 […]
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FEMA OKs 552 project obligations worth $95.4M in Puerto Rico
May 6, 2020
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 […]
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Puerto Rico taxis, public carriers get green light to offer delivery service
May 6, 2020
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 […]
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3 entities commit to mitigate spread of mosquito-borne diseases during COVID-19
May 6, 2020
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 […]
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Popular Inc. subsidiaries in P.R., U.S. mainland approve $1.2B in SBA loans
May 5, 2020
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 […]
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Foundation for P.R. launches new digital tool to strengthen vulnerable communities
May 5, 2020
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 […]
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Private sector, federal government appoint new executives
May 5, 2020
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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Demand for industrial warehouse space remains high during COVID-19 emergency
May 4, 2020
The COVID-19 pandemic that brought most of Puerto Rico’s economic activity to a screeching halt in mid-March has created a very specific niche for industrial warehouse operators, which are providing much-needed square footage to emergency response companies. Demand for short-term leases — from three months to a year — for warehouse space to store specific […]
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Discover Puerto Rico ‘will lead recovery’ once it is safe to travel
May 4, 2020
Discover Puerto Rico, the island Destination Marketing Organization, will be leading the recovery of the tourism sector of the island, after the pandemic of COVID-19 anticipates a loss of 1.9 million room nights, which is three times what was lost months after Hurricane María, organization officials said. The DMO has based all of its planning […]
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General Contractors: Activating Puerto Rico’s construction industry ‘positive step’
May 4, 2020
The Puerto Rico Chapter of the Associated General Contractors of America (AGCPR) described the reactivation of the island’s construction industry and the 26,000 jobs it represents on May 11 as “a positive step.” “Reopening the construction sector is an affirmative and important step to achieve the necessary balance between the health and economic wellbeing of […]
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HUD allocates $42.7M to help protect low-income Puerto Ricans impacted by COVID-19
May 1, 2020
The U.S. Department of Housing and Urban Development will allocate $42.7 million in COVID-19 relief funding to help low-income Americans in Puerto Rico residing in public housing, Secretary Ben Carson announced. The funding, made available by the CARES Act will be awarded to Public Housing Authorities (PHAs) across the nation, including Puerto Rico. “HUD has […]
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