Pierluisi meets with private sector, labor leaders on incentives, jobs
September 30, 2011
Representatives from more than a dozen labor unions and the private sector met with Resident Commissioner Pedro Pierluisi Thursday to outline strategies to defend the Puerto Rico Investment Promotion Act and the American Jobs Act, both of which they claim could spur economic development for the island.
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Pérez-Riera: P.R. can regain manufacturing footing, reactivate economy
September 28, 2011
The global currents and economic challenges of the private sector, which have generated a sort of pessimism that focuses on only one part of the current reality, have significantly affected Puerto Rico’s manufacturing sector, Economic Development and Commerce Secretary José Pérez-Riera said.
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Government, private sector sign economic development MOU
September 27, 2011
In what may constitute as one of the most significant unions between the public and private sector in recent years, dozens of private sector and government officials gathered Tuesday to sign a memorandum of understanding to support the Luis Fortuño administration’s efforts to push the Puerto Rico Investment Promotion Act in Washington.
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Metropistas takes driver’s seat to manage PR-22, PR-5
September 22, 2011
Autopistas Metropolitanas de Puerto Rico, the consortium the government selected in June to assume the management, maintenance and operation of PR-22 and PR-5, will take the driver’s seat today, vowing to turn the heavily transited toll highways into world-class roads.
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HUD, local government rescue $42M to create long-term housing projects
September 9, 2011
Gov. Luis Fortuño signed Thursday an executive order creating a committee to implement public policy for housing that calls for working with federal housing officials to make better use of funds.
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Government plans trio of bond issues before end of fiscal ’12
September 9, 2011
The government plans to raise at least $785 million through three separate bond issues in coming months, high-ranking administration officials told the stateside investment community Thursday.
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Less than 1/3 of IVU Loto winners have claimed their prizes
August 29, 2011
In the first nine months since the government launched its IVU Loto system, only 20 sweepstakes winners have claimed their prizes, taking home about 3 percent of the $630,000 up for grabs, Treasury Department numbers show.
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NOAA assigns $585K to operate Jobos Bay reserve
August 17, 2011
The National Oceanic and Atmospheric Administration has awarded $585,000 in federal funding to recruit security and specialized staff to operate the Jobos Bay Estuarine Research Reserve, Puerto Rico’s Resident Commissioner in Washington, D.C, Pedro Pierluisi, said Wednesday.
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Humacao, Ceiba toll plazas to become cashless Aug. 20
August 12, 2011
Three more toll plazas will become completely cashless effective Aug. 20, when the Department of Transportation and Public Works will finish converting the Humacao North and South, as well as Ceiba locations on PR-53, agency Secretary Rubén Hernández Gregorat said Thursday.
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GDB raises more than $1B in pair of bond issues
August 11, 2011
The Public Buildings Authority sold more than $1 billion in bonds in the Puerto Rico and U.S. markets within the last week, which it will use to build and upgrade some 100 public schools and repay a credit line it has with the Government Development Bank, GDB President Juan Carlos Batlle said Wednesday.
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Fortuño: U.S. ‘acted too late’ to avoid downgrade
August 8, 2011
Contrasting Puerto Rico’s current economic conditions with those of the U.S. mainland’s, Gov. Luis Fortuño said the “U.S. is starting to suffer the consequences of not acting immediately” to its escalating fiscal troubles.
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U.S. Navy puts 2K acres of former Roosey Roads land on block
July 31, 2011
The U.S. Department of the Navy’s Base Realignment and Closure Program Management Office is putting up for sale some 2,036 acres of land belonging to the former Naval Station Roosevelt Roads in Ceiba, announcing a public online auction on its Web site, where strikingly, it describes the land as ideal “for work or play.”
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NY firm to monitor energy use at several public buildings
July 30, 2011
For the second time this year, the Public Buildings Authority has awarded a contract to New York-based utiliVisor to monitoring energy consumption levels at government centers in Aguadilla and Caguas, as well as the Police Department’s Hato Rey headquarters.
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EDC promotes P.R.’s aviation industry incentives at Air Venture 2011 event
July 29, 2011
The Economic Development and Commerce Department is presenting the incentives and competitive advantages Puerto Rico offers to the aviation sector during its debut in the 2011 edition of the renowned Air Venture industry gathering taking place in Wisconsin this week.
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U.S. State Dept. to set up P.R. passport processing office
July 29, 2011
Starting next year, Puerto Rico and U.S. Virgin Island U.S. residents will be able to get their passports issued at the U.S. State Department branch that will open in San Juan, rather than stateside, government officials said Thursday.
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