PRASA invests $29M in water infrastructure projects in Northwestern towns
March 5, 2021
The Puerto Rico Aqueduct and Sewer Authority (PRASA) is investing $29 million in all of the infrastructure improvement projects it has planned for the towns of Arecibo, Hatillo, Camuy, Quebradillas, Lares, Utuado and Jayuya. In a meeting with the mayors and elected legislators from the municipalities, PRASA Executive President Doriel Pagán-Crespo, said the improvements include […]
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Puerto Rico Treasury Dept. pays $22M in taxpayer refunds
March 4, 2021
The Puerto Rico Treasury Department has received about 117,081 tax returns and has paid out $22.8 million in refunds a week into this year’s tax season for the 2020 individual filing cycle, agency Secretary Francisco Parés said. “We’re satisfied with the response of taxpayers to this process, which is just beginning. This pro-taxpayers tax cycle […]
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PRASA announces $47M in water infrastructure projects in the west
March 4, 2021
The Puerto Rico Aqueduct and Sewer Authority announced plans for some $47.2 million in infrastructure projects to improve the to the water and sewerage system in western municipalities. “We’re pleased to be able to share with the mayors and legislators of Puerto Rico’s western region the resumption of our capital improvement program that will provide […]
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Housing Dept. announces availability of $800M for large-scale development projects
February 26, 2021
Puerto Rico Housing Department Secretary William Rodríguez announced that the Community Development Block Grant (CDBG) Program has allocated $800 million to the Investment Portfolio for Growth (IPG) initiative “to alleviate the exacerbated economic effects of the hurricanes through large-scale development projects.” As a preliminary process for the IPG Program, interested entities are asked to submit […]
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OBoard’s new agreement with bondholders would leave local gov’t without cash by ’29
February 25, 2021
The proposed new agreement struck recently by the Financial Oversight and Management Board for Puerto Rico with bondholder groups implies higher annual fixed payments and cash disbursements and for a longer period of time than in the October 2020 proposal, according to Espacios Abiertos Senior Public Policy Analyst Daniel Santamaría-Ots. “What remains constant with this […]
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FEMA obligates $2.2M to promote recovery of Puerto Rico’s natural reserves
February 25, 2021
After Hurricanes Irma and María, trees, endemic birds and other forms of wildlife lost their habitats, or their populations dwindled in various protected areas in Puerto Rico. To help the recovery of the different structures in these ecologically valuable areas, the Federal Emergency Management Agency (FEMA) granted more than $2.2 million to the Department of […]
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Congress files bill to end conflicts of interest in PROMESA debt restructuring
February 24, 2021
Rep. Nydia M. Velázquez (D-NY) has introduced the “Puerto Rico Recovery Accuracy in Disclosures Act of 2021.” Known as PRRADA, the bill would extend current US law to require disclosures of conflicts of interest in all PROMESA bankruptcy proceedings in Puerto Rico, and thereby improve transparency and restore confidence in the island’s future. Senator Bob […]
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Biden administration implements changes in the Paycheck Protection Program
February 23, 2021
The U.S. Small Business Administration is making a number of temporary and permanent changes to the Paycheck Protection Program (PPP) to increase funding received by smaller businesses, including a 14-day period during which only businesses and nonprofits with fewer than 20 employees will be able to submit applications. The program’s exclusive period for smaller businesses […]
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Gov’t buys elderly residential complex in Ponce for $6.1M
February 22, 2021
The Puerto Rico Public Housing Administration announced the acquisition of the Égida Estancias Doradas en Ponce, a residential project for the elderly, for $6.1 million. The project was owned by Ponce Elderly Limited Partnership and operated under a rental subsidy from the Department of Housing in accordance with Act 173 of Aug. 31, 1996, local […]
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FEMA funds will go to replace 63 cameras on Baldorioty de Castro Ave.
February 19, 2021
The Federal Emergency Management Agency’s recent award of $1.3 million to the Puerto Rico Police seeks to address damages caused by Hurricane María to several police facilities throughout the island, the agency confirmed. This obligation pushes to $45 million the FEMA funds earmarked for repairing stations, replacing essential police equipment and video system equipment on […]
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Treasury Dept.: 30K taxpayers still waiting for $600 COVID-19 aid checks
February 17, 2021
An estimated 30,525 taxpayers have not received the disbursement of the $600 financial stimulus, reportedly due to errors in their bank information, Treasury Department officials said. “They must have received a message, either by email or through the platform, indicating a rejection [of the deposit] by the bank. They have to update their bank information […]
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FEMA allocates $10.7M for permanent work at University of Puerto Rico
February 15, 2021
The Federal Emergency Management Agency (FEMA) approved nearly $10.7 million to rebuild the Facundo Bueso Annex at the University of Puerto Rico for its campus in Río Piedras. The structure was demolished in 2018 since it posed a threat to the health and safety of the university community as a result of damage from Hurricane […]
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Labor Dept. announces $465M federal unemployment benefits payout
February 12, 2021
The Puerto Rico Department of Labor and Human Resources announced the disbursement of a combined $465 million in unemployment benefits, split between $371.3 million in Pandemic Unemployment Assistance (PUA) payments and $94 million in retroactive disbursements. Labor Secretary Carlos J. Rivera-Santiago confirmed that the latter payout covers the retroactive weekly payments of the $300 approved […]
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Puerto Rico Institute of Statistics opens call for paid internship
February 12, 2021
The Puerto Rico Institute of Statistics announced that during the next two weeks — and while the available spaces are filled — it has opened a call for paid internships for graduate students of statistics, mathematics, computer science or in any other area based on statistics. This also includes economics, planning, demography, epidemiology, biostatistics, criminology, […]
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OBoard reaches ‘agreement in principle’ on debt, drawing concerns
February 11, 2021
The Financial Oversight and Management Board for Puerto Rico announced that it reached an agreement in principle with several creditor groups to lower Puerto Rico’s debt to what it termed “sustainable levels” as a result of a mediation process. In tandem with the announcement, the Oversight Board asked the court to extend the deadline for […]
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