FIDEVI trust grants $102K for rehabilitation projects
November 21, 2019
The Puerto Rico Housing and Human Development Trust (FIDEVI, for its initials in Spanish) announced the granting of $102,000 in funds for rehabilitation and reconstruction projects to various nonprofit entities that address affordable and accessible housing needs for vulnerable and very low-income populations. The funds awarded will be allocated to three projects initially, including: Worthy […]
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X-Square Capital launches 1st mutual fund in P.R. registered with SEC
November 14, 2019
X-Square Capital announced the launch of its latest investment instrument, X-Square Balanced Fund, the first mutual fund in Puerto Rico registered with the Securities and Exchange Commission. The main objective of the X-Square Balanced Fund is to provide investors from Puerto Rico a long-term balanced investment alternative that seeks conservation of capital, current income and […]
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Puerto Rico Live to host discussions by global influential leaders
November 14, 2019
Puerto Rico will soon host some of the most influential names in policy making, media, business, arts and technology as part of an effort to enhance the connection between Puerto Rico and the world. Puerto Rico Live is a new platform that will present these important moderated, on-stage discussions aimed to inform and entertain our […]
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P.R. gets failing grades for key infrastructure conditions
November 13, 2019
The 2019 Report Card for Puerto Rico’s Infrastructure released for the first time by the Puerto Rico Chapter of the American Society of Civil Engineers, giving eight categories of infrastructure an overall grade of a D-. Energy received the lowest grade of “F,” meaning the system’s infrastructure is in unacceptable condition and has widespread advanced […]
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Industry study shows P.R. home prices spike in 5 large towns
November 13, 2019
The price of homes in the towns of Dorado, Humacao, Ponce, Aguadilla, and Isabela are going up and, in some cases, are even surpassing pre-Hurricane María levels, according to a study by Point2 Homes, a firm that covers real estate market trends and news. Although Puerto Rico’s economy is still in the mire, the island’s […]
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Ideas to Product development grant program has $200K for local projects
November 12, 2019
The Puerto Rico Science, Technology and Research Trust announced a new funding opportunity through its Technology Transfer Accelerator Hub program, aimed at supporting pilot projects to advance life science innovations by quickly and clearly demonstrating whether a technology or product is worthy of moving through the commercialization process. For this first year a total […]
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Triple-S Propiedad has paid $692M in Hurricane María-related claims
November 11, 2019
Triple-S Propiedad has paid a total of $692 million in claims related to Hurricane María in the past two years for a total number of claims of 17,746. It has closed approximately 96% of those claims, while 709 remain open, company CEO Roberto García-Rodríguez confirmed as part of the release of its third quarter results. […]
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Google Arts & Culture teams up with Lin-Manuel Miranda to digitize P.R.’s heritage
November 8, 2019
In a new initiative, Google Arts & Culture has teamed up with Lin-Manuel Miranda and Luis Miranda Jr. and a network of museums in Puerto Rico to bring the island’s artworks together online for the first time. More than 350 artworks have been posted online, with dozens captured in ultra-high resolution by Google Arts & […]
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Oriental grants $1.5M loan for new multi-use complex
November 4, 2019
As part of its commitment to small- and medium-sized business, Oriental confirmed it has granted a $1.5 million loan Eventiu Corp. for the development of the SportLand Center multipurpose complex. SportLand Center will be the first and only indoor multi-purpose sports complex with air conditioning in Puerto Rico, company officials said. It will feature four […]
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Bravo Family Foundation opens call for Rising Entrepreneurs Program
November 1, 2019
The Bravo Family Foundation — a philanthropic entity founded by Puerto Rican businessman Orlando Bravo — announced an open call for its Rising Entrepreneurs Program, one of the foundation’s key initiatives, that promotes entrepreneurship among Puerto Rican youth. Those interested in participating must fill the online application no later than Friday, Dec. 6, 2019. “This […]
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EPA grants PathStone Corp. $200K in environmental workforce, job training grants
October 31, 2019
The U.S. Environmental Protection Agency announced the selection of 26 organizations to receive a total of $5.1 million in grants for environmental job training programs across the country. Funded through the agency’s successful Environmental Workforce Development and Job Training Program, these grants help to create a skilled workforce in communities where EPA brownfields assessment and […]
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Open Spaces urges Congress to push for greater transparency from OBoard
October 31, 2019
Nonprofit organization Open Spaces posed to several members of U.S. Congress that if the Financial Oversight and Management Board for Puerto Rico is not eliminated, transparency regulations must be imposed on its executives and its contractors, a firmer code of ethics, and a re-routing of the failed fiscal policies the body has implemented. In a […]
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$5M Arena Medalla venue to open at El Distrito complex in ’20
October 29, 2019
The $5 million Arena Medalla venue, which will celebrate the triumphs of Puerot Rico’s and give sports fans a place to watch events, will open its doors during the first quarter of 2020 at El Distrito entertainment center in San Juan. Arena Medalla is already in construction and will generate about 75 direct jobs once […]
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Sacred Heart Univ. to build $1.9M collaboration center for creative co.’s in Santurce
October 28, 2019
The former Villa Music building on Ponce De León avenue in Santurce will be transformed into a creative and cultural entrepreneurship center through an initiative by Sacred Heart University’s Nuestro Barrio: Distrito Cultural de Santurce program, the president of the institution, Gilberto J. Marxuach-Torrós, announced. The 22,000 square-foot space, a few steps from the university, […]
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Volkswagen donates $10K to Flamboyán Foundation to support schools in P.R.
October 28, 2019
Volkswagen of America Inc. announced a $10,000 donation to the Flamboyán Foundation to support literacy education for kindergarten through third grade students in Puerto Rico. The donation is a joint effort of Volkswagen’s Southeast Region and local Volkswagen dealers, and will fund libraries at two Puerto Rican schools. “We are thrilled to be making a […]
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