USDA Rural Development OKs $53K in grants for 4 energy projects in P.R.
June 12, 2019
USDA Rural Development is awarding 58 grants for projects in 17 states and Puerto Rico to reduce energy costs for farmers, agriculture producers and rural-based businesses and institutions. Four projects in Puerto Rico will receive a combined $53,000, the USDA revealed. USDA is providing the grants through the Rural Energy for America Program (REAP). Congress […]
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DMO: P.R. booms as ‘most LGBTQ+ friendly destination in Caribbean’
June 12, 2019
Within the celebration of PRIDE month, Destination Marketing Organization Discover Puerto Rico announced it is strategically positioning Puerto Rico as the “LGBTQ+ capital of the Caribbean” by leveraging the island as the most welcoming, inclusive and safe vacationing spot in the region for this community. Puerto Rico holds the most metrics of advancing civil liberties […]
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Study: 12% of U.S. mainland-born P.R. residents left island post-hurricane
June 11, 2019
The population born in the U.S. mainland residing in Puerto Rico is estimated at 166,000 — a number that was reduced by 12% between 2010 and 2017, according to a study released by the Censal Information Center, at the University of Puerto Rico in Cayey. The research presents a description of demographic and socioeconomic variables […]
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Pact calls for restoration of telecom services 1-6 days after an emergency
June 11, 2019
The Puerto Rico Telecommunications Bureau and the Puerto Rico Electric Power Authority signed an agreement through which they will work with service providers to expedite the restoration of services in the wake of an emergency. The agreement establishes a mechanism that assigns priority levels to energizing critical telecommunications facilities divided into three timeframes — between […]
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Oriental grants $2.8M loan to Evinmotors
June 11, 2019
In keeping with its commitment to small businesses, Oriental granted a loan of some $2.8 million to Evinmotors, for the purchase of a commercial property that will become its new headquarters. The loan was granted under the Small Business Administration’s 504 program, jointly with the Marketing Small Business Finance Corp. Evinmotors is a company dedicated […]
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Several P.R. nonprofits, airline, hotel appoint new execs
June 11, 2019
In this edition of “Climbing the Corporate Ladder,” the list includes new executive appointments at several Puerto Rico-based nonprofit organizations, an airline and a hotel. Liberty Foundation names new executive directorThe Board of Directors of Liberty Foundation announced the appointment of Yadira Valdivia as executive director, with the principal objective of expanding the foundation’s reach […]
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Rosselló proposes $9.6B budget, $500M higher than Oversight Board
June 10, 2019
Gov. Ricardo Rosselló will present a $9.6 billion budget for Fiscal 2020 to the Legislature that defies the Financial Oversight and Management Board for Puerto Rico’s proposal, which is $500 million lower. During his Budget Address delivered in Ponce, Rosselló said the budget is “based on a new methodology, in which results can be measured […]
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The hidden reason for lack of insurance payments after Hurricane María
June 10, 2019
By Miguel Díaz-RománCenter for Investigative Journalism The ongoing nightmare of thousands of policyholders whose claims after Hurricane María have not been paid, or whose payment was not enough to cover the losses, could have been avoided if the island’s Catastrophic Reserve had not been reduced by amendments promoted by insurance companies with the consent of […]
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Access to data, security vital to remote workforce
June 10, 2019
From emails, videoconference calls to immediate access to data, remote work through multiple devices and mobile applications is part of the daily routine of today’s workforce. According to a recent report, the global mobile workforce will increase to 1.87 trillion people by 2022, which represents 42.5% of the global workforce. While the virtual digital office […]
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New head of PRMA wants to ‘insert manufacturing back into gov’t discussion’
June 6, 2019
Although he has been in his new post as president of the Puerto Rico Manufacturers Association for less than a week, Carlos Rodríguez already has a number of goals he wants to accomplish during his tenure. First on the list is re-inserting the manufacturing sector in the government discussion. “There was a time when we […]
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Vieques Air Link invests $800K to expand flights to St. Thomas by year’s end
June 6, 2019
Local airline Vieques Air Link, which has been connecting Puerto Rico to the island municipalities of Vieques and Culebra for 10 years, will begin flying to St. Thomas for the first time starting later this year. Carlos Rodríguez, president of the company, confirmed that two new Cessna 402 aircraft were purchased for $800,000 in preparation […]
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Town of Naranjito to receive $300K EPA Brownfields Assessment Grant
June 6, 2019
The U.S. Environmental Protection Agency selected 149 communities across the country including the Municipality of Naranjito to receive funding for brownfield site revitalization to help local governments redevelop vacant and unused properties, transforming communities and local economies. The mountain town will receive a $300,000 Brownfields Assessment Grant to assess sites for hazardous substances and petroleum […]
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Gasoline retailers to take battle against Costco gas station to P.R. Supreme Court
June 6, 2019
The years-long battle the local Gasoline Retailers Association has waged against the permit process allowing Costco Wholesale to build a station in Carolina took a new turn Wednesday, when the trade group said it will scale its complaint to the Puerto Rico Supreme Court. Costco first applied for a permit to build a gas station […]
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$120M Hyatt Regency Coco Beach Resort to open in the fall
June 5, 2019
The former Gran Meliá Puerto Rico Hotel has been acquired by a trio of companies that will reopen in the fall as the Hyatt Regency Coco Beach Resort, government and company officials announced. The hotel will operate as The Resort at Coco Beach, a Hyatt affiliated hotel, from July 2019 until the renovation is completed […]
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PREPA pushes back against court-agreed document turnover, defendants say
June 5, 2019
The Puerto Rico Electric Power Authority attempted to go back on the agreement it had reached with nonprofit organization CAMBIO and the Institute for Energy Economics and Financial Analysis (IEEFA) to deliver public documents related to utility’s, as well as electrical system data, by June 7, the nonprofits said. Six days after making this commitment, […]
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