Foundation for Puerto Rico (FPR) is moving ahead with its Bottom Up Destination Recovery Initiative to drive the island’s recovery based on a sustainable model that supports communities to become more resilient and proactive in the development of their social, natural and cultural assets. On Aug. 11, the program will present the destination plans created […]
The Puerto Rico Police Members Association (AMPPR, in Spanish), in partnership with Orchid Funding LLC, announced the launch of a new lending program for its members, public employees, and pensioners. In anticipation of the lending platform’s launch, AMPPR and Orchid closed a $25 million credit facility with Celeres Capital Advisors LLC, Medalist Partners LP, and […]
Uber Eats announced it is expanding beyond food deliveries by integrating a greater variety of businesses in its platform. Currently, users can find in the app stores such as the virtual supermarkets Jetson and La Comprita, and even convenience stores such as 24 Market. “As a technology company, continuous innovation is part of Uber Eats’ […]
The US District Court for Puerto Rico approved a $25 million settlement in Puerto Rico’s favor as part of a lawsuit the Commonwealth filed more than a decade ago against ExxonMobil Corp. and Esso Standard Oil Co. claiming the companies contaminated the island’s groundwater. The Commonwealth of Puerto Rico, through the Environmental Quality Board, filed […]
The Puerto Rico Vector Control Unit (PRVCU) sponsored by the International Rotary Club and the Rotary Club of San Juan, and in collaboration with the Municipality of Culebra, announced it will begin a project to control the Aedes aegypti mosquito through a variety of community efforts. The initiative aims to control mosquitoes and prevent epidemics caused by the […]
Moody’s Investors Service announced it has withdrawn the general obligation and related ratings of the Commonwealth of Puerto Rico, citing only “business reasons,” for pulling out. The decision to no longer provide ratings includes those assigned to the Puerto Rico Aqueduct & Sewer Authority, the Puerto Rico Electric Power Authority, and the University of Puerto […]
A new study commissioned by nonprofit organization CAMBIO has identified the existing regulatory and legal alternatives to move toward clean energy and the resilience of each home in Puerto Rico through the model proposed by Queremos Sol, which would provide access to solar panels without depending on the economic capacity of families. “We are presenting […]
A group of specialist doctors, including gynecologists, urologists and surgeons from the Damas Hospital in Ponce ran “test drives” on the daVinci Xi robotic surgery system, which the hospital is looking to acquire at a cost of $2 million to expand services provided to 12 municipalities in the southern region. Last month, the Damas Hospital […]
New York-based Community Development Trust, which provides long-term debt and equity capital for creating and preserving affordable housing across the US and its regions, announced its first equity investment in Puerto Rico. CDT, in partnership with Volunteers of America National Services (VOANS), has invested $2.25 million to preserve a combined 235 units in Villa Esperanza […]
Parallel18’s international acceleration program for startups, P18, announced the selection of the 40 companies that will be part of its ninth generation, headed by businesses established in Puerto Rico. The initiative, part of the Puerto Rico Science, Technology and Research Trust, offers entrepreneurs from around the world, access to high-quality business education, financing, and networking […]
The Centros Sor Isolina Ferré (CSFI, in Spanish) announced it has signed an agreement with the Housing Department to expand its academic offerings with the help of a $3.9 million Community Development Block Grant (CDBG) Program allocation, the nonprofit announced. The grant is available for a five-year period and the new academic offer builds on […]
The Titín Foundation has launched its labF3S project with 50 nonprofit organizations, which aim to provide the necessary tools so they can be trained and accelerate their operations. “When we created sinfinespr.org we noticed the number of nonprofit organizations that due to lack of time or resources, could not request exemptions to get support for […]
The Mennonite Health System announced it has connected and started the exchange of data with the Health Department’s Puerto Rico Health Information Exchange (PRHIE) system, which pursues the interoperability of clinical systems in real time for public health purposes and continuity of patient care, as needed. “The Mennonite Health System continues to direct its operation […]
The Department of Economic Development and Commerce’s (DDEC, in Spanish) Film Industry Development Program has already assigned the full $38 million in tax credits available for Fiscal 22 to just four productions, before the start of the year on July 1, News is my Business confirmed. The situation has surprised local industry executives and drawn the attention of […]
A survey of some 400 entrepreneurs conducted by nonprofit Colmena66 revealed that 21% of participants confirmed they are self-employed due to financial need, 28% work a full-time job while promoting their business, 33% stressed the lack of available financing, and 67% are not exporting, so they have lower income than those who are. Colmena66 — […]
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