FEMA OKs $550K to nonprofits that protect women domestic violence victims
February 4, 2021
The Federal Emergency Management Agency has approved nearly $550,000 for nonprofits that offer services for women who are victims of domestic violence. These allocations include $400,000 for three permanent repair projects and other allocations for emergency work following Hurricane María. Citing Puerto Rico Police Bureau Statistics Office, FEMA said there were 6,170 incidents of domestic […]
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17K businesses in Puerto Rico eligible for $65M in pandemic recovery aid
February 3, 2021
Puerto Rico government officials announced the availability of $65 million in new economic assistance for some 17,000 eligible small businesses whose operations have been interrupted during the COVID-19 pandemic. At a news conference, Department of Economic Development and Commerce Secretary Manuel Cidre and Treasury Secretary Francisco Parés offered details of the Business Interruption Grant from […]
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Cidre urges Puerto Rico businesses to opt into 2nd round of SBA funding
February 3, 2021
Department of Economic Development and Commerce Secretary Manuel Cidre urged Puerto Rican businesses and self-employed individuals to participate in the second round of the U.S. Small Business Administration’s Paycheck Protection Program, which so far has approved $88.4 million in loans. In a report issued late Monday, the federal agency confirmed it has given its support […]
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Campaign promises of ‘low-cost, reliable and clean electricity’ must be kept
January 28, 2021
The devastation caused by Hurricane María in 2017 highlighted Puerto Rico’s “antiquated, expensive and fossil fuel-dependent” electricity grid, providing the Biden administration with an historic opportunity to transform a vital part of the island’s economy. The Institute for Energy Economics and Financial Analysis (IEEFA) recommends in a new policy brief that the administration battle entrenched interests that […]
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FEMA assigns $10M+ to repair Puerto Rico’s elderly homes
January 26, 2021
With the purpose of contributing to the well-being and health of the elderly, the Federal Emergency Management Agency announced it has allocated more than $10 million for 31 permanent repair projects for senior centers throughout the island. The funds will serve 24 municipal facilities that are dedicated to the care of this population and another […]
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PREPA unveils 10-year, $10.7B grid revitalization program
January 21, 2021
The Puerto Rico Electric Power Authority announced the start of its Electric Grid Revitalization Program, using a $10.7 billion allocation from the Federal Emergency Management Agency (FEMA). Details of the 10-year infrastructure modernization plan, delivered and approved by FEMA in December to rebuild and bring the electrical system on the island up to standards and […]
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Burns & McDonnell to support PREPA’s grid revitalization process
January 15, 2021
Kansas City-based Burns & McDonnell has been awarded a contract for program management services to support the Puerto Rico Electric Power Authority (PREPA) with the revitalization of Puerto Rico’s electrical grid. The financial terms of the agreement were not disclosed. The work will be primarily funded by the Federal Emergency Management Agency (FEMA) and Community […]
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Pierluisi creates steering committee to oversee LUMA Energy contract
January 14, 2021
Gov. Pedro Pierluisi announced the creation of a steering committee to oversee the Public Private Partnership contract to run the Puerto Rico Electric Power Authority’s transmission and distribution granted to LUMA Energy. The steering committee was established in response to Executive Order 2021-012, which calls for overseeing and ensuring that the enactment of the contract […]
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Puerto Rico Treasury opts into $325M federal rental assistance program
January 13, 2021
The Puerto Rico Treasury Department has filed an application to participate in the newly announced Emergency Rental Assistance Program run by the U.S. Department of the Treasury that could represent $325 million in aid for the island, this media outlet confirmed. The federal government is making a total of $25 billion available to assist households […]
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80 gov’t buyers transitioning to General Services Administration
January 13, 2021
About 80 buyers from different government agencies are being transitioned into the General Services Administration, as part of the new government procurement system to generate efficiencies, agency Director Karla Mercado-Rivera announced. The transition should take about 90 days to complete, she said. “Once this transition is complete, all government purchases will be made centrally with […]
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Cidre: ‘Ramping up pharma production requires permanent air hub’
January 12, 2021
Department of Economic Development and Commerce Secretary Manuel Cidre will head to Washington, D.C. next month to lobby — along with Resident Commissioner Jenniffer González — for the permanence of Puerto Rico’s status as a hub for foreign air carriers. Extending the two-year waiver that the U.S. Department of Transportation granted the island in April […]
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Puerto Rico Treasury reports $656.1M in net income in November ’20
January 7, 2021
The Puerto Rico Treasury Department reported net income to the General Fund during the month of November — the most recent figures available — totaled $656.1 million. Agency Secretary Francisco Parés confirmed that the figure represented $127.8 million, or 24%, over the monthly projection based on the budgetary method. Meanwhile, collections accrued during the first […]
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Puerto Rico opts-in to Mixed Earner Unemployment Compensation program
January 4, 2021
Gov. Pedro Pierluisi and Labor Secretary Carlos Rivera-Santiago announced the Puerto Rico is opting-in to the new Mixed Earner Unemployment Compensation program that will represent an economic impact of some $65 million to the island and could benefit some 60,000 individuals. Th requirements and instructions on how to participate in the program — which is […]
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DACO unveils online appointment system
December 23, 2020
The Puerto Rico Consumer Affairs Department (DACO, in Spanish) unveiled a new online appointment system to give consumers access to orientation and the ability to carry out their procedures while avoiding lines and crowds, said agency Secretary Carmen Salgado. Through this link, people can coordinate their appointment to get services in person at any DACO’s […]
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Invest PR locked down $58M in committed investments, 3,500 jobs in ‘20
December 18, 2020
Invest Puerto Rico (InvestPR) provided an overview of its achievements in 2020, which included secured new business commitments including 3,500 new jobs, $58 million in capital investment, and an average payroll of $51,000 per job. During a virtual presentation, the island’s official investment promotion organization shared the results presented in its annual report, detailing the […]
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