NY Times: IRS failed to police Puerto Rico tax break, whistleblower says
May 29, 2024
For the past decade, thousands of wealthy Americans have been flocking to Puerto Rico to take advantage of a tax break that can cut their tax bills to zero. #NewsismyBusiness #TheNewYorkTimes
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SMEs to receive guidance on Energy Support Program 2.0
May 24, 2024
The funds come from the Community Development Block Grant - Disaster Recovery’s Electrical Grid Reliability and Resilience Program. #NewsismyBusiness
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Reports point to $1M+ in Act 22 donations, impact of economic incentives
May 22, 2024
Puerto Rico No Se Vende study highlights political donations from tax break beneficiaries and the government analyzes the performance of economic incentives. #NewsIsmyBusiness
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Puerto Rico Office of Gov’t Ethics sues federal agencies for information
May 22, 2024
The suit aims to obtain information related to an ongoing investigation involving a current or former public servant. #NewsismyBusiness
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State Department, FinCEN to discuss new federal transparency requirements
May 21, 2024
Every legal entity, domestic and foreign, registered with the State Department must submit information on beneficial owners of companies operating in the United States. #NewsismyBusiness
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Gov’t to pump $400M in recovery funds to strengthen health centers
May 17, 2024
Following a competitive process under the Infrastructure Mitigation Program’s Health Care Strengthening Reserve, 38 projects out of 248 proposals were selected. #NewsismyBusiness
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$11.9M repair of bridge on busy Baldorioty de Castro Highway begins
May 15, 2024
The ACT advised drivers to check for traffic updates on applications including Waze, as PR-26 is a very busy highway. #NewsismyBusiness
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Puerto Rico to get $28.6M for lead pipe replacement
May 14, 2024
EPA announces latest round of funding to replace every lead pipe in the nation, protecting public health and helping to deliver safe drinking water. #NewsismyBusiness
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FEMA aids Puerto Rico towns’ recovery with mapping tools
May 14, 2024
Participatory mapping exercises help municipalities plan and visualize disaster recovery strategies. #NewsismyBusiness
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Treasury announces tax-free holiday for hurricane season buys
May 13, 2024
The list of tax-free items includes a variety of goods that are useful in case of emergencies. #NewsismyBusiness
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Puerto Rico Public Housing Admin. gets $178M HUD allocation
May 8, 2024
Housing authorities can use this funding for the development, financing, modernization, and management improvements of public housing complexes. #NewsismyBusiness
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Puerto Rico water utility opens bids for $95M in infrastructure projects
May 6, 2024
The works will be financed by the Puerto Rico Aqueduct & Sewer Authority and multiple federal programs. #NewsismyBusiness
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SBA recognizes local entrepreneurs, banks during National Small Business Week
May 6, 2024
The event also served as a framework to highlight the work of the island’s financial institutions. #NewsismyBusiness
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FEMA allocates $4M to William Miranda Botanical Garden in Caguas
April 26, 2024
The repairs will extend beyond the buildings to help replant trees, plants, and protect the habitat of the garden’s wildlife. #NewsismyBusiness
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Puerto Rico off US Treasury’s list of high-risk money-laundering jurisdictions
April 24, 2024
The island has taken steps to close the doors on illicit banking activity. #NewsismyBusiness
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