Open Society Foundations opens 2nd round of youth fellowships in P.R.
February 24, 2020
The Puerto Rico Youth Fellowship is opening the call for a second round of funding, the first in 2020, to support community activism in Puerto Rico with up to $45,000 in scholarships to continue developing and connecting a network of young leaders on the island. “The people of Puerto Rico continue to suffer the consequences […]
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Liberty P.R. reports $412M in revenue in FY19, a 23% year-over-year jump
February 21, 2020
Liberty Puerto Rico reported $412.1 million in revenue for fiscal year 2019, an increase of 23% year-over-year attributed to a “focus on innovation and customer experience, as it strives to transform into a quad-play services provider.” The provider, whose results positioned it as one of its parent company Liberty Latin America’s biggest regional performers in […]
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Gov’t unveils plans for $300M thermal ocean energy project
February 21, 2020
The Department of Economic Development and Commerce unveiled a master plan to develop the $300 million Puerto Rico Ocean Technology Complex, or PROtech, to generate thermal ocean energy. Agency Secretary Manuel Laboy also unveiled plans to seek new energy sources through other eco-friendly developments and scientific research along Puerto Rico’s southeast area. “This project is […]
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Locast plans to stream local TV channels across P.R. free over internet
February 21, 2020
Locast, the nonprofit local broadcast TV streaming service, plans to stream dozens of local TV channels via the internet across Puerto Rico this year, bringing important local news, weather and storm coverage, emergency information, sports, and entertainment programming to internet-connected devices. The announcement was made ahead of today’s hearing about resilient communications to be held […]
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Economic development experts launch Tax Incentives Association
February 21, 2020
A team of economic development experts from Puerto Rico announced the launch of the Tax Incentives Association (TIA), a nonprofit association created to educate, investigate, analyze economic results and serve as promoters of Puerto Rico’s economic development through the attraction of new and diverse investments into the island. TIA’s vision is to “have Puerto Rico’s […]
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U.S. Dept. of Transportation paves way to ease P.R.’s air cargo, passenger restrictions
February 20, 2020
The U.S. Department of Transportation has issued the first notice in favor of granting Puerto Rico a waiver to allow foreign airlines to perform certain cargo and passenger transfer services at international airports on the island, local government officials announced. The federal agency’s decision comes after eight months of analysis, kicking off a 14-day public […]
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12th edition of P.R. Open golf tourney to pump $10M into economy
February 20, 2020
The 12th edition of the Puerto Rico Open, which starts today and will wrap up Feb. 23, is expected to generate $10 million for the local economy, its main sponsor, the Puerto Rico Tourism Co. confirmed. The Puerto Rico Open will feature a Pro-Am, where participants will play with some of the best golfers on […]
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Invest Puerto Rico creates recovery guide for quake-affected communities
February 20, 2020
As part of its commitment to support business continuity in those areas directly affected by the 6.4 magnitude earthquake that struck the southwest coast on Jan. 7, Invest Puerto Rico integrated in its PuertoRicoSigue.org platform a Community Guide for Economic Preparation and Recovery. This guide — created for the benefit of community leaders, chambers of […]
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P.R. restaurant sales at $1.9B ’19, down 6.5% vs. ’18, study confirms
February 19, 2020
Puerto Rico’s restaurant industry generated more than $1.9 billion in 2019, a decrease of 6.5% compared to 2018, according to an economic study commissioned by the Puerto Rico Restaurants Association, or ASORE in Spanish. The decrease was attributed to a loss in population and the lack of family income growth. The research was conducted a […]
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Loon seeks FCC’s OK to launch project trial in P.R.
February 19, 2020
Loon, a subsidiary of Alphabet Inc. — Google’s parent company — has filed an application asking the Federal Communications Commission to grant an experimental license to conduct a market trial that calls for transmitting broadband service to maritime vessels from fixed base stations in Puerto Rico. In its petition, where most of the proprietary content […]
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Tourism Alliance for P.R. blasts ‘lack of activity on P3 for San Juan docks
February 19, 2020
The Tourism Alliance for Puerto Rico denounced the government’s lack of activity related to a series of agreements related to the public-private partnership in the works for the San Juan docks, which sought to protect the island’s “threatened tourism industry.” During a news conference, the group that represents public- and private-sector representatives of the tourism […]
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Science Trust challenges college students to innovate with NASA patents
February 19, 2020
The Puerto Rico Science, Technology and Research Trust, in partnership with Engine-4 launched an incubator program for college students centered on the commercialization of NASA’s patented technology. Applications for “Challenge to Innovate: NASA Edition” opened Feb. 18 and will close on Mar. 16, 2020, the nonprofit announced. The initiative is spearheaded by the Trust’s parallel18 […]
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Pres. Clinton visits Caguas clinic benefited by his nonprofits
February 18, 2020
Former U.S. Pres. Bill Clinton visited SANOS Corp. to tour the 330 health center in Caguas and learn about the successful results of the naxolone program funded by Direct Relief and the Clinton Foundation, clinic officials confirmed. The president and former Secretary of State, Hillary Rodham Clinton are in town this week for a meeting […]
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Businesses in P.R.’s southwestern region ‘optimistic, grateful’ for support
February 18, 2020
Several business leaders from the southwest tourist regions expressed their gratitude for the general support they are receiving, saying they feel “optimistic about the level of socioeconomic recovery that they may reach in the coming months.” In a release, a group of businesses represented by several trade groups thanked mayors, lawmakers, artists, the Chambers of […]
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Clintons to announce new projects at conference in P.R. this week
February 17, 2020
President Bill Clinton and former Secretary of State Hillary Rodham Clinton will convene members of the Clinton Global Initiative (CGI) Action Network in San Juan for the fifth meeting since 2018, on Feb. 18-19. The Action Network brings together leaders from business, government, and civil society to make commitments to accelerate recovery from natural disasters […]
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