Backyard Bondholders meet with Oversight Board
January 12, 2017
Backyard Bondholders Inc., an organization representing about 20 percent of the government's outstanding public debt, met a briefing Wednesday with several members of the Financial Oversight and Management Board for Puerto Rico to establish the position of local bondholders.
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GO bondholders ask for invalidation of COFINA structure
January 11, 2017
The Ad Hoc Group of Puerto Rico General Obligation bondholders addressed a memo Tuesday to island policymakers claiming the unconstitutionality of the Sales Tax Financing Corp., known as COFINA, and asking for its invalidation.
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UN: ‘Human rights cannot be sidelined” in PR crisis
January 10, 2017
The United Nations Independent Expert on foreign debt and human rights has called for fair solutions to the huge debt crisis in Puerto Rico, warning that ratcheting up austerity measures will threaten residents’ human rights and worsen the U.S. territory’s “intolerable” poverty levels.
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5th edition of P.R. Investment Summit slated for March
January 9, 2017
The Puerto Rico Investment Summit, the Caribbean’s foremost investor’s conference, will celebrate its 5th edition March 2-3, at the Puerto Rico Convention Center, organizers announced.
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Private Sector Coalition presses Rosselló for labor reform
January 5, 2017
The Puerto Rico Private Sector Coalition on Wednesday revisited its quest for labor reform, asking Gov. Ricardo Rosselló to present necessary legislation to promote a new environment for employers.
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Health Dept. modifies medicinal cannabis regulations
December 16, 2016
The Puerto Rico Health Department has enacted a series of amendments to its medicinal cannabis regulations that impose new restrictions on doctors, patients and businesses while allowing municipalities to operate cannabis dispensaries, announced advocacy group Puerto Rico Legal Marijuana.
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COFECC adopts new name, expands micro-loan program
December 15, 2016
The Corporation for the Financing of Business and Communities (known as COFECC in Spanish) has reinvented itself, adopting a new brand — Lendreams — while reinforcing its micro-loans program, company officials announced Wednesday.
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Clinical research in P.R. gets boost through new alliance
December 14, 2016
The Ponce Medical School Foundation Inc. is joining the Puerto Rico Consortium for Clinical Investigation to further clinical research on the island.
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Gov’t, private sector put $41.3M into SJ housing project
December 13, 2016
The Puerto Rico Department of Housing and housing developer McCormack Baron Salazar Inc. announced the closing of some $41.3 million in financing for what they call “the next major milestone in Puerto Rico’s affordable housing transformation effort.”
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Harbormaster Development looks to build $10M marina
December 8, 2016
Hopes of expanding Puerto Rico’s boating industry could get a buoyant lift with the planned construction of a new, $10 million marina.
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Metropistas invests $2.8M in LED lighting for highways
December 8, 2016
With an investment of more than $2.8 million metropistas, the company in charge of the operation and maintenance of the PR-22 and PR-5 highways, has replaced the lights of the lighting system of both roads with the new LED technology, the company announced Wednesday.
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Access Latina opens 2nd round of financing cohort
December 8, 2016
Access Latina, a business acceleration platform for Latina-owned firms headquartered in Florida, New York, Massachusetts, Texas, Washington, D.C., and Puerto Rico, launched its second cohort to compete for a chance at more than $100,000 in capital and resources for latinas to grow their businesses.
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Grupo Guayacán grants $50K in seed funding to 3 co.’s
December 6, 2016
Grupo Guayacán Inc. has granted $50,000 in seed funding to three companies that graduated from the first edition of the SPRINGBOARD program, the nonprofit announced Monday.
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Grupo Guayacán launches new IDEA seed fund program
December 1, 2016
Grupo Guayacán, Inc. (GGI) announced Wednesday the official launch of the new Puerto Rico IDEA Seed Fund, in collaboration with Fundación Banco Popular, the Georgia Institute of Technology, and several entrepreneurs participating as private investors.
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Espacios Abiertos discusses lessons learned from Detroit
November 23, 2016
Balancing the government checkbook will not solve an economic crisis like the one Puerto Rico is facing.
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