“Mi Casa Resistente” project launched at Martín Peña Channel
February 7, 2018
Several trade groups announced the start of the “Mi Casa Resistente” community project, with the aim of providing safe housing alternatives in the Martín Peña Channel for families affected by Hurricane María.
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Grupo Guayacán, Banco Popular Foundation award $225K to 22 local businesses
January 31, 2018
Grupo Guayacán Inc. (GGI) announced the 22 local businesses selected to receive emergency funding through the Guayacán Start-Up Grants Program, an initiative launched in collaboration with the Banco Popular Foundation to support the economic recovery of emerging companies in Puerto Rico after Hurricane María.
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Assured Guaranty: P.R.’s Revised Fiscal Plans ‘fiscally irresponsible’
January 26, 2018
Reactions from the public and private sector poured in Thursday on the Revised Fiscal Plans for the government of Puerto Rico, the Puerto Rico Electric Power Authority and the Puerto Rico Aqueduct and Sewer Authority presented to the Financial Oversight and Management Board for Puerto Rico for certification.
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AGC to defend local contractors to maximize opportunities post-María
January 26, 2018
The new president of the Associated General Contractors, Puerto Rico Chapter, Stephen Spears, said Thursday in his inaugural speech that the trade group will “vigorously defend” the use of local contractors, sub-contractors and local suppliers to maximize opportunities created by Hurricane María’s devastation.
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Assured Guaranty: ‘Order, transparency, accountability at PREPA long overdue’
January 24, 2018
Assured Guaranty, a monoline insurer for Puerto Rico Electric Power Authority debt, reacted to the administration’s announced plans to privatize the utility by saying agreeing on an “on an experienced, highly qualified manager able to impose order, transparency and accountability” is long overdue.
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Yale validates research readiness in P.R. post-Hurricane María
January 24, 2018
The Yale Center for Clinical Investigation (YCCI) recently visited Puerto Rico Consortium for Clinical Investigation member clinical research sites to assess research-readiness post-Hurricane María, confirming the island is ready to continue its operations.
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Georgia Tech offers temporary office space to P.R. entrepreneurs
January 17, 2018
The Georgia Institute of Technology will offer more than 2,000 square feet of office space — for a four-month period beginning in February 2018 — to entrepreneurs and innovators from Puerto Rico, who are still reeling from the devastating effects of Hurricane María, the university announced.
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Moody’s: Delay in P.R.’s fiscal plan underscores growing economic uncertainties
January 13, 2018
The Commonwealth of Puerto Rico's second delay in submitting its revised fiscal plan to the Financial Oversight and Management Board for Puerto Rico "underscores the growing economic uncertainties it faces as it continues to recover from Hurricane María," Moody's Investors Service noted in a new report.
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Startup.pr propels ambitious local entrepreneurship project
January 12, 2018
With the goal of encouraging local entrepreneurship, Startup.pr is accepting proposals from emerging Puerto Rican businesses, for the first cycle of its new commercial pre-acceleration program.
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Latino legislators reject US Dept. of Justice cannabis directive
January 8, 2018
The National Hispanic Caucus of State Legislators rejected a memorandum by U.S. Attorney General Jeff Sessions revoking Obama Administration policy that directed U.S. attorneys not to focus scarce law enforcement resources in prosecuting low-level cannabis offenders in states where it has become legal for either medical or recreational use.
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P.R.’s budding cannabis sector ‘vulnerable’ after US DOJ policy change
January 5, 2018
Puerto Rico’s budding medicinal cannabis industry has been put in a tough spot after the U.S. Department of Justice reverted a number of guidance documents regulating the cultivation, distribution and possession of marijuana.
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Jan. 15 deadline to request participation in Pre18 program nears
January 4, 2018
Global business accelerator Parallel18 announced Wednesday the deadline for requesting acceptance into the Pre18 program is Jan. 15, 2018. The pre-accelerator seeks to develop innovative businesses in Puerto Rico, in the early stages with potential to reach global markets.
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UN: ‘American Dream’ rapidly becoming ‘American Illusion’
December 18, 2017
The United States, one of the world’s richest nations and the “land of opportunity,” is fast becoming a champion of inequality, according to the United Nations Special Rapporteur on extreme poverty and human rights, Philip Alston.
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Marina Puerto del Rey pairs solar with generators to power up operations
December 13, 2017
After 90 days without full power for its nearly 1,000 wet-slips, 750 dry-stack spaces and 15 acres of land storage, Marina Puerto del Rey announced that by Christmas Day it will be fully energized.
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Parallel18 to visit several towns to provide guidance on Pre18 program
December 5, 2017
Business accelerator Parallel18 (P18) will visiting a number of towns through the end of the month to provide guidance and help fill out applications to enter Pre18, the pre-accelerator aimed to help innovative businesses in Puerto Rico, in early stages with global potential, to reach the market.
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