General Contractors believe Puerto Rico has capacity to push reconstruction forward
March 18, 2021
A survey conducted by the Puerto Rico Chapter of the Associated General Contractors of America among its members showed that local businesses have a combined bond capacity exceeding $6 billion and access to financing with local banking with revolving lines of credit, as well as enough management capacity to push projects forward. During its the […]
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Tensions escalating between ESJ Tower residents and St. Clair management co.
March 12, 2021
The ESJ Tower, a mixed-use beachfront residential condominium that has stood in the Isla Verde sector in Carolina for more than 45 years, has for the past six years been the epicenter of tensions between its residents and developer Keith St. Clair over a number of issues that have reached the courts and government regulatory […]
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Study: Puerto Rico could achieve 75% renewable energy use in 15 yrs.
March 11, 2021
Investing $9.6 billion in distributed solar panels and batteries — funds that are already available from the federal government — could transform Puerto Rico’s electrical system into a resilient grid that provides every home on the island with a clean, reliable source of energy, according to a report. The report by Puerto Rico organization Cambio […]
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Steven Anthony Children’s Hospital in Ponce begins $30M remodeling project
March 11, 2021
The Steven Anthony Children’s Hospital (SACH) recently got its Certificate of Necessity and Convenience granted by the Puerto Rico Health Department, clearing the way to start its three-phase, $30 remodeling project, company officials said. The first phase — to be completed by 2022 — will focus on remodeling the treatment and research center, located in […]
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Pirucho Co-op lands historic certification as Puerto Rico’s 1st renewable energy co-op
March 10, 2021
The San Salvador Energy Cooperative Pirucho Co-op in Caguas announced its certification as a renewable energy Co-operative from the Public Service Regulatory Board as it aims to continue the development of the San Salvador solar community in Caguas. “The community is proud,” said Feliciano Rodríguez-Domínguez, secretary of the Board of Directors of Pirucho Co-op. “The […]
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Solar Responders gets $90K grant to install solar panels at Cataño Fire Dept.
March 5, 2021
Nonprofit Direct Relief and AbbVie teamed up to donate $90,000 to Solar Responders to install solar panels and a battery storage system at the Cataño Fire Department. “Energy resilience is one of the five pillars of Direct Relief’s mission on the island. Installing renewable and resilient energy systems in strategic locations such as health clinics […]
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Habitat for Humanity finishes home repairs in 5 communities in Guayama
March 2, 2021
A total of 37 families in the town of Guayama now have a safe roof over their heads through an initiative by Habitat for Humanity of Puerto Rico and its Housing Repair Program, created to aid in the rehabilitation and reconstruction of homes across the island affected by the Hurricanes Irma and María. The project, […]
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Colmena66 wins $10K from SBA’s Lab-to-Market competition
March 1, 2021
Colmena66, a San Juan-based based nonprofit that connects island entrepreneurs and small business owners to local and regional resource partners, was awarded $10,000 through the Lab-to-Market (L2M) Inclusive Innovation Ecosystem Prize Competition, sponsored jointly by the US Small Business Administration and the National Science and Technology Council. The nonprofit received the “Super Connector” award for its submission highlighting […]
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Professional groups deliver 2 homes under the ‘Mi Casa Resistente’ project
February 26, 2021
The College of Engineers and Land Surveyors, in collaboration with several partners, delivered the keys of two of their houses built under the “Mi Casa Resistente” (“My Resistant Home”) project, at a cost of $95,000 each. The trade group known as the CIAPR in Spanish, worked with the College of Architects and Landscape Architects, the […]
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Lack of funding delays integration of 18 yrs. of seismic data into Puerto Rico’s earthquake hazard maps, Building Code
February 25, 2021
By Rafael R. Díaz TorresCenter for Investigative Journalism Machines costing thousands of dollars are operated from a small office on the college campus. Keeping them in good condition costs the government’s coffers several million annually. They are seismic and tide-gauge station devices that are part of the tsunami and earthquake detection system. Monitoring this information […]
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Foundation for Puerto Rico unveils new Center for Strategic Innovation
February 24, 2021
The Foundation for Puerto Rico unveiled its Center for Strategic Innovation, whose mission will be to transform Puerto Rico’s socioeconomic development. The entity will be led by former gubernatorial candidate Alexandra Lúgaro. The Center seeks to achieve transformative change in Puerto Rico and the rest of the world through research and cross-sector partnerships, the nonprofit […]
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Altamira Reserve mixed-use complex under construction in Guaynabo
February 23, 2021
Altamira Reserve, an 80,133 square-foot mixed-use complex in Guaynabo next to the busy Econo Altamira grocery store, is currently under construction with plans to open in the first quarter of 2022. The project is already visible from Martinez Nadal Ave. (PR-20) and is being developed by Bellagio Corp. for owner Rúa, LLC, which is also […]
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LUMA Energy will not increase energy rates through ’24
February 22, 2021
LUMA Energy, the company that will operate Puerto Rico Electric Power Authority’s electric power transmission and distribution system for the next 15 years, vowed not to increase rates during the first three years after it officially begins operating on June 1, 2021. In a presentation to members of the media, LUMA CEO Wayne Stensby confirmed […]
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Puerto Rico Coliseum completing $2.2M in projects ahead of reopening
February 19, 2021
The Coliseo de Puerto Rico José Miguel Agrelot in Hato Rey is preparing for its reopening and the resumption of events and concerts with the completion of 14 improvement projects at an investment of $2.2 million, Mariela Vallines, executive director of the Conventions District, which oversees the venue. “In addition, 27 other necessary improvement projects […]
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Acrecent Financial Corp. closes $13M credit line for Puerto Rico Hospital Supply
February 18, 2021
Acrecent Financial Corp. announced it partnered with BluHaus Capital, Puerto Rico Fund for Growth, and Farragut Capital Partners to extend a $13 million bridge loan to Puerto Rico Hospital Supply. Since its founding in 2004 Acrecent has consistently made credit accessible to small- and mid-sized enterprises (SMEs) — at times against challenging backdrops including the […]
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