The Federal Emergency Management Agency has awarded more than $3.7 million in additional funds to the towns of Coamo and Salinas to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to nearly $6 billion, the agency said. The latest grants are as follows: $1.6 […]
Sometimes, the third time’s the charm for achieving success. This may just be the case for the island’s only New York-style bagel restaurant, which after several attempts at starting the business, has finally found a home at the Paseo Caribe complex. The concept was born in 2015, when Alvin Quiñones and former business partner Dimitri […]
The U.S. Department of Agriculture announced the approval of $13 million in loans to the towns of Dorado and Mayagüez, to improve critical community facilities. The town of Dorado will receive a little more than $3 million to rehabilitate deteriorated roads, sidewalks, curbs, gutters and drainage in rural sectors. Areas slated for repair include Higuillar, […]
The Federal Communications Commission issued two separate fines totaling some $34,000 against two local companies — WinPR Inc. and Caribbean Network Solutions Inc. — for operating systems that cause interference to the doppler weather radar in San Juan. In the notice informing WinPR’s $25,000 penalty, the FCC said it was for “willfully operating two Unlicensed […]
The Puerto Rico Vocational Rehabilitation Administration has made a nearly $6 million technology investment to comply with federal regulations and streamline processes, through a platform known as entellitrak, powered by Virginia-based Micropact. The platform will comply with the requirements of the federal Workforce Innovation and Opportunity Act and will streamline the handling of data and […]
Boehringer Ingelheim, a global provider of animal health products for pets and livestock, announced a nearly $50 million expansion of its manufacturing site in Barceloneta. The investment will create up to 105 full-time jobs in three to five years, bringing full-time employment at the site as high as 322. Everett Hoekstra, president of Boehringer Ingelheim […]
X-Square Capital announced the launch of its latest investment instrument, X-Square Balanced Fund, the first mutual fund in Puerto Rico registered with the Securities and Exchange Commission. The main objective of the X-Square Balanced Fund is to provide investors from Puerto Rico a long-term balanced investment alternative that seeks conservation of capital, current income and […]
In preparation for the 2020 Census, the U.S. Census Bureau met key media outlets in Puerto Rico to emphasize the need for all people in Puerto Rico to be accurately counted and to discuss the Bureau’s public outreach efforts on the island. The officials spoke at the Puerto Rico Science, Technology and Research Trust, alongside […]
Puerto Rico will soon host some of the most influential names in policy making, media, business, arts and technology as part of an effort to enhance the connection between Puerto Rico and the world. Puerto Rico Live is a new platform that will present these important moderated, on-stage discussions aimed to inform and entertain our […]
Puerto Rico’s Act 20 and Act 22 have generated 36,222 jobs and $1.2 billion in investments on the island from 2012 to 2019, a study revealed by the Department of Economic Development and Commerce confirmed. According to the study on the performance of the government’s incentives programs, commissioned to the Estudios Técnicos research firm, the […]
The 2019 Report Card for Puerto Rico’s Infrastructure released for the first time by the Puerto Rico Chapter of the American Society of Civil Engineers, giving eight categories of infrastructure an overall grade of a D-. Energy received the lowest grade of “F,” meaning the system’s infrastructure is in unacceptable condition and has widespread advanced […]
The price of homes in the towns of Dorado, Humacao, Ponce, Aguadilla, and Isabela are going up and, in some cases, are even surpassing pre-Hurricane María levels, according to a study by Point2 Homes, a firm that covers real estate market trends and news. Although Puerto Rico’s economy is still in the mire, the island’s […]
Destination Marketing Organization Discover Puerto Rico obeyed a court decision ordering it to deliver all previous and active contracts to fulfill its role of leading all off-island promotion of leisure travel, meetings, conventions, and events to Rep. Angel Matos. The lawmaker filed a lawsuit against the entity at the San Juan Superior Court demanding information […]
The Puerto Rico Science, Technology and Research Trust announced a new funding opportunity through its Technology Transfer Accelerator Hub program, aimed at supporting pilot projects to advance life science innovations by quickly and clearly demonstrating whether a technology or product is worthy of moving through the commercialization process. For this first year a total […]
Triple-S Propiedad has paid a total of $692 million in claims related to Hurricane María in the past two years for a total number of claims of 17,746. It has closed approximately 96% of those claims, while 709 remain open, company CEO Roberto García-Rodríguez confirmed as part of the release of its third quarter results. […]
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