Centros Sor Isolina Ferré expands academic offering with $3.9M grant
July 5, 2021
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 […]
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Titín Foundation launches labF3S training and acceleration project
July 5, 2021
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 […]
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Mennonite Health System connects to Health Dept.’s Health Information Exchange system
July 2, 2021
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 […]
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Film Industry fund exhausts full $38M FY22 tax credit budget on 4 projects
June 29, 2021
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 […]
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Colmena66 survey: Puerto Rico’s entrepreneurs struggling 15 mo.’s after onset of pandemic
June 28, 2021
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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Civil engineers return to in-person format for annual education summit
June 28, 2021
The College of Engineers and Surveyors’ Institute of Civil announced its upcoming summit, the Mega Viernes Civil 2021 (MVC 2021), which returns to its in-person format on July 16, at the Puerto Rico Convention Center in Miramar. Under the slogan of “Ruta al Futuro,” the event will present a sweeping academic, highly technical lineup featuring […]
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Puerto Rican entrepreneur Bravo donates $250K to Surfside relief efforts
June 27, 2021
Orlando Bravo, founder and managing partner of private equity firm Thoma Bravo, today announced a $250,000 donation from his Foundation, the Bravo Family Foundation, to the Support Surfside fund. The Bravo Family Foundation’s donation will support temporary housing for displaced families before insurance arrives, and therapy for those victims. This donation is in addition to […]
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MN Investments gets $5M financing from Parliament Capital to grow in Puerto Rico
June 8, 2021
MN Investments, LLC, a real estate company dedicated to the acquisition, renovation and management of multifamily properties, announced that it closed a $5 million financing facility with Parliament Capital Management, LLC that will allow the acceleration of its growth and expansion in the market. Currently, the company has a portfolio of 220 apartment units throughout […]
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EPA includes Municipality of Culebra in ‘Local Foods, Local Places’ program
June 3, 2021
The island municipality of Culebra is one of 13 communities selected to participate in “Local Foods, Local Places” (LFLP), a federal partnership program that supports community-led efforts to reinvest in existing neighborhoods, protects the environment, and improves residents’ health and quality of life through the development of the local food economy. The US Environmental Protection […]
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Grupo Guayacán unveils lineup of 29 startups for EnterPRize 2021 competition
June 1, 2021
Grupo Guayacán announced the official selection of 29 emerging businesses from Puerto Rico that will compete in the 16th edition of the EnterPRize business competition. As part of their selection, all companies will receive an initial incentive of $1,500 and the opportunity to compete for more than $220,000 in seed capital, among other prizes, the […]
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Rums of Puerto Rico assigns $2.5M in aid for bar owners, bartenders
June 1, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) announced that starting June 3, its Rums of Puerto Rico program, jointly with the brands it represents, will distribute $2.5 million in incentives to members of the alcoholic beverages sales and service industry. The funds will go to bar owners, alcoholic beverage retailers and mixologists/bartenders, […]
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Direct Relief announces $3M in resilient power projects for Puerto Rico health centers
May 31, 2021
With the 2021 Atlantic hurricane season starting tomorrow, nonprofit organization Direct Relief is announcing a $3 million investment in new resilient power projects at six Puerto Rico health centers — part of a $5 million commitment to install solar power generation and battery storage at critical sites across the island. The projects include: Prymed Medical […]
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Science Trust, Housing Dept. launch improved Re-Grow Puerto Rico aid program
May 28, 2021
Less than a year after Re-Grow Puerto Rico was launched and addressing the concerns of the agricultural sector, the Puerto Rico, Technology and Research Trust together with the Housing Puerto Rico Department have implemented improvements to the program. The initiative, which feeds from with Community Development Block Grant (CDBG-DR) Program funds, seeks to expedite access […]
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B2B Funding grants $4M to businesses hit by COVID-19 to continue operations
May 25, 2021
B2B Funding, established in Puerto Rico in 2016, to offer financing alternatives to local entrepreneurs, said it has awarded about $4 million to more than 150 businesses that continue to operate despite the challenges they have faced during the COVID-19 pandemic. The funding has been assigned through its business loan programs, approved during the months […]
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Puerto Rico-made SunBeat Energy solar energy storage systems make local debut
May 25, 2021
Local entrepreneur Máximo Torres, who has more than 30 years of experience in the renewable energy field, unveiled the SunBeat Energy battery and inverter line, which he developed. To launch the product line and create an inventory, SunBeat Energy has invested some $2 million, and will create about 30 direct and indirect jobs on the […]
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