Puerto Rico gov’t would ground airport P3 if FAA rejects
October 10, 2012
Puerto Rico Public Private Alliance Authority Executive Director David Álvarez acknowledged Tuesday that if the Federal Aviation Administration fails to give its go-ahead to the Luis Muñoz Marín International Airport P3, the government would not pursue another such deal.
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SBA supports record $30.2B in loans in Fiscal ’12
October 10, 2012
With loan volume steadily increasing for the past six quarters, the U.S. Small Business Administration’s loan programs posted the second largest dollar volume ever in Fiscal 2012, supporting $30.25 billion in loans to small businesses, the agency informed Tuesday.
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$26.8M assigned for VA Hospital parking facility
October 4, 2012
The U.S. Department of Veterans Affairs has awarded a $26.8 million contract to design and construct a parking garage at the Veterans’ Hospital in San Juan.
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Watchdog committee to monitor government purchases
September 26, 2012
The Puerto Rico Office of the Inspector General and the Puerto Rican Industry Investment Board signed an agreement Tuesday establishing a specialized unit to monitor the government’s purchasing process and ensure that priority is given to locally made products.
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SBA grants Puerto Rico $455K for exports
September 25, 2012
Forty-seven states, Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands and the District of Columbia will receive $30 million total from the U.S. Small Business Administration in a second round of funding to support efforts to increase exporting by small businesses.
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Puerto Rico Medicare beneficiaries save $110M under ‘Affordable Care Act’
September 24, 2012
Since its enactment by the federal government in 2010, the Affordable Care Act has already saved more than 45,000 Medicare beneficiaries in Puerto Rico a total of $111.4 million on the cost of prescription drugs, Resident Commissioner Pedro Pierluisi said Sunday.
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Businesses warming up to govt’s online bidders registry
September 21, 2012
More than 2,000 Puerto Rican companies have received their digital certifications through the government’s online bidders registry launched four months ago, General Services Administration Chief Olga M. de Cardona-Martínez told News is my Business.
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Data gathering starts for ’12 Puerto Rico Economic Census
September 19, 2012
U.S. Census Bureau and Puerto Rico Planning Board officials announced Tuesday the start of the question-and-answer cycle to gather data on the island’s economic activity.
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Entrepreneurial women may borrow up to $15K from EDB
September 13, 2012
Gov. Luis Fortuño announced Wednesday the availability of a new financing tool that lets Puerto Rico's women entrepreneurs borrow of up to $15,000 to expand their businesses, as well as a scholarship fund to help them get ahead, professionally speaking.
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Roosy Roads Redevelopment Authority partners with SWA, DNER
August 22, 2012
The Roosevelt Roads Redevelopment Authority is partnering with the Puerto Rico Solid Waste Authority and the Department of Natural and Environmental Resources to respectively operate the existing recycling plant and provide water and land surveillance services at the former naval base.
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4 consortia make Juvenile correctional center P3 shortlist
August 9, 2012
Four consortia have been shortlisted to move on to the competitive procurement process to develop a new 600-bed juvenile social treatment campus complex through a public-private partnership with the government to be located in the town of Yauco.
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Puerto Rico FY 2012 General Fund collections exceed goal by $10M
August 1, 2012
Treasury Secretary Juan Carlos Méndez confirmed Wednesday that General Fund collections for FY 2012 ending June 30 reached $8.6 billion, exceeding the government’s goals by $10 million.
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SBA names new deputy district director for Puerto Rico, USVI
July 31, 2012
U.S. Small Business Administration Region II Administrator Jorge Silva-Puras announced Monday the appointment of María de los Ángeles de Jesús as Deputy District Director for SBA’s Puerto Rico and U.S. Virgin Islands district office.
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S&P cuts gov’t Retirement System outlook to ‘negative’ from ‘stable’
July 27, 2012
For the second time in the last week, Puerto Rico’s credit ratings have been under scrutiny by stateside agencies. This time, it was Standard & Poor's Ratings Services, which revised its outlook on the Commonwealth Employees Retirement System’s $2.9 billion in senior pension funding bonds, series A, B, and C to “negative” from “stable.”
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GDB sends scathing letter to Moody’s over ratings cut
July 20, 2012
The Gov. Luis Fortuño administration sent a scathing letter to Moody’s Investor Services late Thursday, expressing its “utter disappointment” with the agency’s decision to downgrade the Puerto Rico Sales and Use Tax Financing Corporation’s bond rating.
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