Seeking to strengthen local businesses by providing them free entrepreneurial education and personalized assistance, for the new challenges they face due to COVID-19, the Small Business and Technology Development Center (SBTDC) recently launched the Business Relief Assistance Program. This initiative will focus on providing business owners with the assistance and the support needed for access […]
As Puerto Ricans exercise their right to vote in tomorrow’s general elections, many eyes will be fixed on how the chain of events that have hit the island since the last cycle — including the hurricanes, political crises and the failed primaries, as well as the COVID-19 pandemic — will affect the so-called political tradition. […]
The sixth edition of ABRE Puerto Rico’s Fiscal Health Index revealed that eight municipalities scored an “A” for the handling of their finances, while 10 towns were on the opposite end of the spectrum, with a failing grade. The index follows 13 indicators based on information derived from the municipality’s audited financial statements to rank […]
The Federal Emergency Management Agency, in coordination with the Puerto Rico Central Office for Recovery, Reconstruction and Resilience, or COR3, obligated more than $26.2 million in funds to the Puerto Rico Electric Power Authority (PREPA) under the Agency’s Hazard Mitigation Grant Program. These funds are for the engineering and design phase to install a new combined cycle […]
Puerto Rico’s “Conciencia Movement” independent gubernatorial candidate Eliezer Molina believes the production economy can be a strategy of economic development for Puerto Rico, according to several interviews he has granted in the media. “We will propel economic development in all sectors of Puerto Rico using manufacturing as part of the industry’s growth,” Molina said in […]
The economic platforms presented by the candidates running for governor of the island “leave much to be desired,” Alba Brugueras-Fabre, president of the Puerto Rico Economists Association (AEPR, in Spanish) said, after evaluating each of the plans. In a report, the professional association said the platforms of the six candidates: “are reduced to a list of […]
Juan Dalmau, the candidate running for governor under the Puerto Rican Independence Party (PIP, in Spanish), insists the island is ready for a “transformation” related to who gets to run the island. As part of his strategy, he released his “Patria Nueva” political platform on his website before any other candidate in the gubernatorial race that will […]
As the 2020 elections approach, the candidates running for governor of Puerto Rico have revealed their political platforms, which in the case of Alexandra Lúgaro of the Movimiento Victoria Ciudadana (MVC), dedicates two chapters to the economy. In them she states from the start that she envisions creating systems favorable to nature, therefore, “efficient and dynamic.” […]
As part of its mission to support innovative entrepreneurship and impact Puerto Rico’s economy, parallel18 — along with its parent organization, the Puerto Rico Science, Technology and Research Trust — announced the 39 startups that will benefit from its $1 million Business Continuity Fund. The BCF is an investment vehicle created to help graduated companies from the program […]
Bloomberg Philanthropies and the Flamboyán Arts Fund announced their collaboration on the Arts Innovation and Management Puerto Rico program to provide 10 Puerto Rico-based nonprofit organizations with bilingual arts management training and tailored consulting services for fundraising, strategic planning, and digital marketing. The Flamboyán Arts Fund is a partnership between Flamboyán Foundation, composer Lin-Manuel Miranda, […]
Two years after starting operations at the Ernesto Ramos Antonini Residential in San Juan, Vimenti by Boys & Girls Clubs of Puerto Rico registered an improvement in the well-being of families, academic achievement of its students and levels of employability of its participants, program officials said. This was part of the findings of a report […]
Nonprofit organization Vitrina Solidaria has opened a call for the Loíza Glocal Bootcamp project that seeks to train and advise entrepreneurs and of small and medium-sized businesses owners in Loíza to contribute to the socioeconomic development of that coastal municipality, Executive Director Raquel Skerrett-Escalera said. Since 2009, different community-based entities have managed to significantly reduce the problem […]
One of the six candidates running for governor of Puerto Rico, César Vázquez, has unveiled an economic platform that, among other things, calls for spending $400 million on tourism strategies from the $2.2 billion in federal funds allocated to fight COVID-19. The candidate, who represents the Proyecto Dignidad movement, has a full section entitled “Economic […]
Puerto Rico Legal Services (SLPR, in Spanish) celebrated the opinion issued by the Puerto Rico Supreme Court in a mortgage foreclosure case that conclusively defines the concept of “good faith” in compulsory mediation processes that are mandatory in these cases. “Undoubtedly, the decision in this case will be a game changer for everyone facing foreclosure […]
Evertec Inc. announced the results of its 6th edition of its Scholarship Program, granting more than 160 scholarships to university students in Puerto Rico and throughout Latin America for an investment exceeding $185,000. The company also revealed that a year after developing an alliance with leaders in the technology ecosystem to encourage women concentrating in […]
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