USDA approves $600M in new Nutrition Assistance Program funds for P.R.
July 11, 2019
Puerto Rico residents continuing to recover from 2017’s hurricanes could be eligible for increased nutrition assistance funded by U.S. Congress and provided through a grant from the U.S. Department of Agriculture. This temporary assistance of $600 million in new benefits will be distributed through Puerto Rico’s Nutrition Assistance Program (NAP) beginning as early as August, […]
chat_bubble0 Comment
visibility1454 Views
U.S. Congress introduces $14B Medicaid parity bill for P.R., U.S. territories
July 11, 2019
U.S. Congressman Darren Soto introduced bipartisan legislation to provide equal access to federal resources for Medicaid to American citizens living in U.S. territories, the lawmaker’s office announced. H.R. 3631, known as the Territories Health Care Improvement Act, increases the limit on Medicaid payments and the federal medical assistance percentage for the five U.S. territories: Puerto […]
chat_bubble0 Comment
visibility2030 Views
Ferry rates for trips between Puerto Rico-Vieques-Culebra will increase with privatization
July 10, 2019
The rates charged to take the ferry between Puerto Rico and its island municipalities of Vieques and Culebra will begin increasing gradually after the service is transferred to a private operator, Public Private Partnership Authority Executive Director Omar Marrero confirmed. In an interview during the “En Una Hora” program on 11Q 1140 AM — in […]
chat_bubble1 Comment
visibility2097 Views
Study shows ’17 was second-costliest year for insured, uninsured losses
July 10, 2019
A recent study on catastrophes published by Aon revealed that 2017 was the second costliest year on record for insured and uninsured losses, and will most likely become the record year for insured losses with further loss development from Hurricanes Harvey, Irma and María. In terms of economic losses due to weather-related disasters alone, 2017 […]
chat_bubble0 Comment
visibility1586 Views
Maritime Transportation Authority picks proponent for Ceiba-Vieques-Culebra route
July 9, 2019
The Maritime Transportation Authority has reportedly selected the proponent that could be taking over the concession to provide transportation services between Puerto Rico and the island municipalities of Vieques and Culebra, this media outlet learned. Ten months after revealing the short list of companies in the running to enter into a public-private partnership with the […]
chat_bubble0 Comment
visibility2634 Views
P.R. Aqueduct and Sewer Authority opens bids for new $21.4M central lab
July 9, 2019
The Puerto Rico Aqueduct and Sewer Authority has launched a bidding process to find a private company to design and build its new central laboratory building, which has an estimated cost of $21.4 million. In the announcement, PRASA also said the project includes performing improvements to the site and existing utilities infrastructure. The project must […]
chat_bubble0 Comment
visibility2723 Views
P.R. Vector Control Unit, CienciaPR partner to empower through science education
July 9, 2019
Ciencia Puerto Rico and the Puerto Rico Vector Control Unit (PRVCU) have teamed up to train scientists and teachers in the design of project-based learning lessons, the nonprofits announced. The collaboration is part of the second year of the “Ciencia al Servicio” program, CienciaPR’s flagship education project. “Ciencia al Servicio” brings together teachers and science, […]
chat_bubble0 Comment
visibility1799 Views
U.S.-China trade war means ‘shift’ for Puerto Rico, economic firm says
July 5, 2019
The trade war between the U.S. and China will mean a shift in the structure and dynamics of prices, including costlier construction costs, and increased risks of a delayed economic recovery, according to an analysis published by the H. Calero Consulting firm. In the latest edition of its “Pulse” publication, the firm says the spat […]
chat_bubble0 Comment
visibility3191 Views
Agriculture announces opening of applications for hemp pilot projects licenses
July 5, 2019
Puerto Rico Agriculture Secretary Carlos Flores announced the availability of applications to obtain licenses for hemp research pilot projects through its website. “We’re in the execution and compliance period for several initiatives that have been routed from the start of the administration,” Flores said. “That said, we’re starting the process of research in science and […]
chat_bubble0 Comment
visibility1826 Views
Former exec who brought down Westernbank sentenced to 30 years in prison
July 4, 2019
A Key Biscayne, Florida, resident and the former CEO of a now-bankrupt multinational pharmaceutical company was sentenced to 30 years in prison followed by five years of supervised release yesterday for his role in a $100 million scheme to defraud Westernbank of Puerto Rico. The losses triggered a series of events leading to Westernbank’s insolvency […]
chat_bubble0 Comment
visibility3300 Views
Oversight Board sues Rosselló administration over Law 29
July 4, 2019
The Financial Oversight and Management Board for Puerto Rico has filed a lawsuit against the Gov. Ricardo Rosselló, and the Puerto Rico Fiscal Agency and Financial Advisory Authority in the U.S. District Court for Puerto Rico to prevent the government from enforcing Law 29 and to compel it to comply with the Puerto Rico Oversight, […]
chat_bubble0 Comment
visibility1669 Views
FEMA approves $12M+ in additional federal grants to P.R.
July 3, 2019
The Federal Emergency Management Agency announced it has awarded approximately $12.6 million in additional funds to Puerto Rico to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to $5.8 billion and $28.2 million under the agency’s Hazard Mitigation Grant Program, the agency said. The […]
chat_bubble0 Comment
visibility1727 Views
Rosselló signs executive order to create lobbyist registry
July 3, 2019
Gov. Ricardo Rosselló has signed Executive Order 2019-031 to create a Lobbyist Registry in which participants must register and disclose any lobbying efforts at a Puerto Rico government agency. Likewise, the executive order also establishes the creation of a so-called Transparency Code for all executive branch cabinet members. “In the past, the practice by some […]
chat_bubble0 Comment
visibility1735 Views
Agriculture Dept. allocates $1M for drought mitigation program for livestock
July 3, 2019
The Puerto Rico Agriculture Department has allocated $1 million to create an incentive program that would help mitigate the effects the drought has had on livestock in 17 municipalities of the island. Agriculture Secretary Carlos Flores-Ortega signed an order authorizing the Agricultural Enterprises Development Administration (ADEA, for its initials in Spanish,) to create a mitigation […]
chat_bubble0 Comment
visibility1976 Views
Rosselló signs P.R. Incentives Code into law
July 2, 2019
Gov. Ricardo Rosselló has signed Act 60-2019, known as the “Puerto Rico Incentives Code,” which will establish a new process for granting and overseeing all of the government’s allocated incentives. Among the new incentives is the Student Savings Plan Program through which the government will establish an account and deposit $1,000 for each kindergarten student […]
chat_bubble0 Comment
visibility1726 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA