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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Guayacán Venture Accelerator opens call for virtual edition
February 17, 2021
Entrepreneurs throughout Puerto Rico will have the opportunity to participate in the 13th edition of the Guayacán Venture Accelerator (GVA), the executive development program offered by Grupo Guayacán for established companies that wish to accelerate their growth. This year, the GVA program will be offered virtually, to facilitate access for participants, organizers said. The closing […]
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CienciaPR launches #AquíNosCuidamosPR COVID-19 prevention campaign
February 16, 2021
To continue promoting education for the prevention of the coronavirus that causes COVID-19, the non-profit organization Ciencia Puerto Rico (CienciaPR) developed the “Aquí Nos Cuidamos Toolkit” or #AquiNosCuidamosPR. It consists of four public service campaigns with free informational and educational resources. The purpose of #AquiNosCuidamosPR is to empower vulnerable and marginalized communities in Puerto […]
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SME to host virtual Sales Summit Feb. 18-19
February 16, 2021
The impact of digital commerce and the new consumption patterns caused by the COVID-19 pandemic outline the agenda of the Puerto Rico Sales and Marketing Executives Association’s (SME, in Spanish) SME Sales Summit coming up on Feb. 18-19. The virtual event will mark this year’s Professionals Salespersons Week and will serve as an alternative for […]
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Bluhaus Small Business Fund completes $5M investment in Acrecent Financial
February 10, 2021
Bluhaus Small Business Fund, a Puerto Rico-based private equity fund, completed a $5 million investment in Acrecent Financial Corporation, an alternative lender with nearly two decades dedicated to addressing the credit needs of small and medium-sized enterprises. This investment is the Bluhaus’ inaugural transaction after its establishment in March 2020 and being licensed by the […]
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Startup accelerator gener8tor announces launch of gBETA San Juan
February 10, 2021
Startup accelerator gener8tor announced the launch of gBETA San Juan, the first gener8tor program to be offered in both English and Spanish. gBETA is a pre-accelerator for early-stage companies, and gBETA San Juan will add to the 23 existing programs across the U.S. and Canada, it confirmed. gBETA is a free high performance accelerator for […]
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FirstBank lawsuit is latest in string of court claims against St. Clair
February 8, 2021
A report released last week by research firm Boletín de Puerto Rico revealed that financial institution FirstBank had filed a civil lawsuit against entrepreneur Keith St. Clair and his businesses, Around the World Holdings and Noir, LLC, seeking to collect on more than $3.8 million on a defaulted loan. The bank sought repayment of a […]
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Uber’s new safety feature detects trips that end earlier than expected
February 5, 2021
Rideshare company Uber released a new version of the RideCheck feature to detect if a trip ends earlier than expected, as part of its mission to offer passenger safety. This is in addition to the feature implemented a year ago, where the company launched a feature to detect long and unexpected stops. In both of […]
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LUMA attorneys charge $1K+ an hour and consultants get paid nearly $5M to write plans
February 3, 2021
By Eliván Martínez MercadoCenter for Investigative Journalism Hiring a law firm that charges up to $1,245 per hour. The outsourcing of foreign companies such as Alumbra, from Colorado, which has billed as much as $1.3 million in a single month for plans to transform the energy system without having gone through a competitive process. This […]
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Historic San Juan Custom House to undergo $44.1M renovation
February 2, 2021
The U.S. Customs and Border Protection has awarded a $44.1 million contract to Framingham, Mass.-based Perini Management Services Inc. to repair and renovate the historic San Juan Custom House, the company announced. Perini Management Services Inc. is a subsidiary of Tutor Perini Corp., a civil, building and specialty construction company. The San Juan Custom House, […]
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