Hurricane Fiona federal assistance reaches $811M in Puerto Rico
January 31, 2023
FEMA, the SBA and the National Flood Insurance Program have provided assistance.
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FEMA assigns $18.5M for Valenciano water treatment plant and reservoir
January 30, 2023
The total cost of the project is estimated at more than $417 million in FEMA funding.
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Puerto Rico Treasury reports $817M in revenue for Nov. ’22
January 25, 2023
In November 2022, Puerto Rico’s inter-annual inflation was set at 6.3%.
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Puerto Rico Treasury Dept. unveils new tool to manage, monitor tax credits
January 18, 2023
This is the first time the Treasury Department will have a centralized system.
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$540M allocated to expand PR-10 from Utuado to Adjuntas
January 12, 2023
The project should take about five years to build.
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FEMA assigns $114M+ to repair water treatment plant for La Plata
January 12, 2023
The plant services about 475,000 residents in the Toa Alta region, which comprises six municipalities.
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Pierluisi signs law to boost film industry incentives to $100M
January 11, 2023
The law amends the Incentives Code by increasing tax credit limits for film projects.
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SBA Hurricane Fiona recovery loans still available for small businesses
January 11, 2023
The SBA offers disaster loans with no interests and no required payments for the first year.
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USDA to invest $1M to improve traffic access to El Yunque
January 10, 2023
In December, USDA kickstarted this effort with a $250,000 investment to develop a master transit plan to improve the visitor experience.
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Pierluisi submits bill to increase tax benefits to offset inflation
January 4, 2023
Gov. Pedro Pierluisi announced he will submit a bill to the Legislature that would introduce a cost-of-living adjustment to Puerto Rico’s Internal Revenue Code to increase tax benefits and offset the effects of inflation on individuals. “The COVID-19 pandemic and other global factors have contributed to the increase in the cost of living for Puerto […]
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PRITS bets on innovation, cybersecurity to streamline gov’t processes
January 4, 2023
Agency seeks to improve quality of life for Puerto Rico residents.
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InvestPR: Private sector commits to 5K jobs, $350M in investments in FY22
December 14, 2022
Invest Puerto Rico, the island’s economic development organization, revealed in its Fiscal Year 2022 annual report that it locked down more than 6,000 business leads, 2,000 prospective opportunities, the establishment of more than 700 new businesses, commitments by companies of nearly 5,000 jobs, and more than $350 million in capital investment. During a roundtable with […]
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Dept. of Consumer Affairs opens renewable energy office
December 13, 2022
The new office will be responsible for creating guidance between companies selling solar systems and consumers.
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Caribe Tecno CRL chosen to design, build new $80M hospital in Vieques
December 12, 2022
The company was chosen after a process in which 23 bidders participated.
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333 co’s in Puerto Rico exempted from paying Christmas bonus
December 8, 2022
Aome 13 requests submitted to not pay the bonus check were denied.
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