San Juan makes $4.3M available for ‘Capital Entrepreneurship’ program
April 15, 2021
San Juan Mayor Miguel Romero announced the availability of $4.3 million in federal funds through the municipality’s “Capital Entrepreneurship” program, which in turn will benefit up to 800 of the town’s microentrepreneurs who have suffered economic losses as a result of the COVID-19 pandemic and who have been in operation for at least one year. […]
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Central gov’t starts distributing $100M more to Puerto Rico towns
April 15, 2021
Puerto Rico’s 78 towns have completed the application process for the third phase of the Coronavirus Relief Fund (CRF) Assistance Program to Municipalities, Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) Executive Director Omar Marrero said. As part of the process, the central government will assign $1 million to each town so they can continue to […]
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DDEC to offer workshop on how to sell products and services to Ft. Buchanan
April 13, 2021
The Puerto Rico Federal Contracting Center (FeCC) under the Department of Economic Development and Commerce (DDEC, in Spanish) will host a virtual workshop titled “How to sell products and services to Ft. Buchanan,” the first in a series of Federal Matchmaking 2021 events. The series is a cycle of business roundtables and workshops that seek […]
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FEMA earmarks $18.4M to repair Roberto Clemente Stadium in Carolina
April 8, 2021
The Federal Emergency Management Agency (FEMA) approved an obligation of some $18.4 million for permanent repairs to the Roberto Clemente Walker Stadium, a sports facility managed by the Municipality of Carolina. Aside from its sociocultural importance, the home of professional baseball’s Carolina Giants team “plays a very important role in Carolina’s economy,” the federal agency […]
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Treasury Dept.: Jan. collections at $817M, beating forecast by $62.3M
April 6, 2021
Net income to the government’s General Fund during January — the seventh month of Fiscal 2021 — totaled $817 million, while accumulated collections from July to January, reached $6 million, compared to the $5.9 billion on record for the same period of Fiscal 2020. January collections beat the agency’s fiscal forecast by $36.3 million or […]
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Gov’t offers up to $10K in incentives to co.’s on export track
April 6, 2021
The Department of Economic Development and Commerce announced two calls with more than $425,000 available to encourage local companies to export their products and services. The initiative includes an Export Accelerator to train participants and financial incentives to pay for export initiatives of up to $10,000, said agency Secretary Manuel Cidre. “In Puerto Rico there […]
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Dept. of Econ. Dev’t grants $2.6M to Abbott for job creation, retention
April 5, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) announced the the allocation of $2.6 million in incentives from the Special Fund for Economic Development to Abbott’s Puerto Rico facility to create and retain jobs and acquire machinery and equipment to expand operations. “The Department of Economic Development and Commerce granted this incentive to […]
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COR3, FEMA lay down plan to expedite projects under Hazard Mitigation Grant Program
March 31, 2021
Representatives from the Central Office of Recovery, Reconstruction and Resiliency (COR3, in Spanish) recently participated in the Hazard Mitigation Sprint Meeting to establish a joint plan with the Federal Emergency Management Agency to “expedite and maximize” the use of some $4 billion earmarked for the Hazard Mitigation Grant Program. “During the past months, COR3 has […]
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Puerto Rico Institute of Statistics revamps report of filled gov’t positions
March 30, 2021
The Puerto Rico Institute of Statistics unveiled new programming to generate a report that offers a clearer picture of the number of occupied positions in government and the ability to compare current information with prior months, among other changes. To redesign the report, the agency used the “R” free, open-code software, eliminating manual procedures, said […]
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Guidelines to use $750M revolving reconstruction fund approved
March 26, 2021
Government officials announced the approval of the guidelines required to use $750 million in revolving funds, to move forward on permanent work projects under the Public Assistance Program of the Federal Emergency Management Agency (FEMA). AAFAF Executive Director Omar J. Marrero, and the Central Office of Recovery, Reconstruction and Resiliency (COR3, in Spanish) Executive Director […]
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Housing Dept. signs agreements granting $7.1M to 3 small business incubators
March 25, 2021
Puerto Rico Housing Secretary William Rodríguez signed three subrecipient agreements granting $7.1 million from the Community Development Block Grant (CDBG-DR) Program funds to be distributed to three entities through the Small Business Incubators and Accelerators Program (SBIA). The grant recipients are the Boys and Girls Club of Puerto Rico, the University of Puerto Rico’s Mayagüez […]
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FEMA OKs $6.5M for repairs to Puerto Rico Coliseum, Bahía Urbana
March 25, 2021
The José Miguel Agrelot Coliseum and Bahía Urbana, two venues in San Juan dedicated to promoting the arts and entertainment sector, received a combined $6.5 million from the Federal Emergency Management Agency (FEMA) to return them to how they were before Hurricane María hit. The federal funds will help the facilities be better prepared to […]
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Pierluisi testifies in support of ‘Build Back Better Plan’ before US House Committee
March 25, 2021
Gov. Pedro Pierluisi testified before the US House Committee on Natural Resources and discussed President Biden’s Build Back Better Plan, an infrastructure plan to transform the economy and provide relief to working families. Specifically, the plan will provide assistance to Puerto Rico by supporting a full recovery, a reconstruction of the infrastructure, providing economic development […]
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Puerto Rico Treasury Dept. announces new tax return filing deadline
March 24, 2021
The Puerto Rico Treasury Department confirmed that the new filing date for individual and corporate returns corresponding to the 2020 tax year will be extended to May 17, 2021, from April 15, 2021. In an Administrative Determination released Tuesday, the agency confirmed that it is juggling several events in the midst of COVID-19. “Our staff […]
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San Juan unveils Capital Entrepreneurship Program to boost urban business activity
March 23, 2021
San Juan Mayor Miguel Romero unveiled details of the newly created Capital Entrepreneurship Program, through which the municipality seek to help create and expand local business in Río Piedras, Santurce, Condado and Old San Juan through incentives. The initiative will establish agreements with private businesses to support existing merchants and incentivize new entrepreneurs, he said […]
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