Puerto Rico organizations taking center stage during ‘Global Entrepreneurship Week’
November 11, 2020
The Kauffman Foundation’s “Global Entrepreneurship Week” will be celebrated globally Nov. 16-22 and this year will include local nonprofits that will co-host the event in Puerto Rico, organizers confirmed. Colmena66, a program of the Puerto Rico Science, Technology and Research Trust, Grupo Guayacán and YEES! are leading local efforts, holding bi-weekly multi-sector meetings over the […]
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Fundación Serrallés awards funds to 37 nonprofits in earthquake-hit zones
November 10, 2020
Destilería Serrallés Inc. announced the completion of donations to 37 nonprofits that participated in the call that Fundación Serrallés opened to offer essential services to victims of the earthquakes and earthquakes that have hit Puerto Rico’s south-southwestern regions since Jan. 7, 2020. The funds are part of the $1 million corporate contribution that the company […]
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Gov’t picks HMS Ferries to manage Puerto Rico’s ferry system
November 9, 2020
Two years after launching its search for a company to take over the operation of the ferry system connecting Puerto Rico with Vieques and Culebra, as well as San Juan and Cataño, the government’s Public-Private Partnership Authority announced it has chosen HMS Ferries to take over the responsibility, through a 23-year agreement. Aside from managing […]
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United Retailers Association, DDEC launch youth internship program
November 9, 2020
The process to apply and be a part of the United Retailers Association’s (CUD, in Spanish) Business Internship has already begun with the support of the Department of Economic Development and Commerce (DDEC). CUD President Jesús Vázquez, along with DDEC Secretary Manuel A. Laboy, invited youth to participate in the initiative open to people between […]
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Food Bank of Puerto Rico ‘show gratitude’ campaign to benefit those in need
November 9, 2020
The Food Bank of Puerto Rico is urging the community to contribute to its Thanksgiving “Collection with Gratitude” (“Recogido de Gratitud”) campaign to provide food and essential items to people in need. The food supply chain works through donations and volunteers that provide goods to more than 162 churches and institutions. At the same time, […]
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SBTDC launches initiative to help local businesses face new challenges
November 5, 2020
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 […]
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Study: Political tradition at stake during Puerto Rico’s general elections
November 2, 2020
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. […]
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10 towns get failing grades on fiscal performance, ABRE Puerto Rico says
October 30, 2020
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 […]
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FEMA grants $26.2M to PREPA to improve infrastructure
October 29, 2020
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 […]
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Molina offers production economy as a financial solution for Puerto Rico
October 29, 2020
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 […]
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Economists rank gubernatorial candidates’ fiscal platforms
October 28, 2020
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 […]
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Independence Party’s Dalmau says Puerto Rico ‘ready for a transformation’
October 28, 2020
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 […]
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Lúgaro envisions ‘eco-friendly and modern economy’ for Puerto Rico
October 28, 2020
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.” […]
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39 startups receive investment from parallel18’s Business Continuity Fund
October 28, 2020
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 […]
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Bloomberg Philanthropies, Flamboyán Arts Fund launch training program in Puerto Rico
October 22, 2020
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, […]
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