The Federal Emergency Management Agency has awarded more than $3.7 million in additional funds to the towns of Coamo and Salinas to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to nearly $6 billion, the agency said. The latest grants are as follows: $1.6 […]
The U.S. Department of Agriculture announced the approval of $13 million in loans to the towns of Dorado and Mayagüez, to improve critical community facilities. The town of Dorado will receive a little more than $3 million to rehabilitate deteriorated roads, sidewalks, curbs, gutters and drainage in rural sectors. Areas slated for repair include Higuillar, […]
The Puerto Rico Vocational Rehabilitation Administration has made a nearly $6 million technology investment to comply with federal regulations and streamline processes, through a platform known as entellitrak, powered by Virginia-based Micropact. The platform will comply with the requirements of the federal Workforce Innovation and Opportunity Act and will streamline the handling of data and […]
In preparation for the 2020 Census, the U.S. Census Bureau met key media outlets in Puerto Rico to emphasize the need for all people in Puerto Rico to be accurately counted and to discuss the Bureau’s public outreach efforts on the island. The officials spoke at the Puerto Rico Science, Technology and Research Trust, alongside […]
Puerto Rico’s Act 20 and Act 22 have generated 36,222 jobs and $1.2 billion in investments on the island from 2012 to 2019, a study revealed by the Department of Economic Development and Commerce confirmed. According to the study on the performance of the government’s incentives programs, commissioned to the Estudios Técnicos research firm, the […]
The Committee on Collaborative Economics met recently to discuss pressing issues that will give continuity to the work underway to create a procedural framework that enhances the development of this economic sector quickly, consistently and in a transparent manner, Economic Development and Commerce Secretary Manuel Laboy announced. “It is expected that by 2025 the collaborative […]
Preliminary net revenues to Puerto Rico’s General Fund in August and September totaled $773.6 million and $985.5 million, respectively, Treasury Secretary Francisco Parés-Alicea announced. This reflects a year-over-year revenue increase of $103.3 million in August and $152.5 million in September. “The first quarter ended with revenues that totaled $2.8 billion. Compared to the same period […]
The Institute for Energy Economics and Financial Analysis (IEEFA) sent a letter to Puerto Rico’s Legislative Assembly, urging representatives to reject the proposed Restructuring Support Agreement for the Puerto Rico Electric Power Authority. In the letter, the firm also suggested the pursuit of more affordable, sustainable and transparent options for financing and managing the Commonwealth’s […]
Gov. Wanda Vázquez announced details of “Puerto Rico’s Electrical Grid Modernization Plan,” a $20.3 billion effort to strengthen, modernize and transform Puerto Rico’s power grid using industry best practices and accepted codes and standards. The GridMod Plan was developed in coordination with federal and local government agencies, as well as private sector partners. The plan […]
The U.S. Census Bureau launched a national recruitment effort to hire approximately 500,000 temporary workers to help conduct the 2020 Census. Nearly 4,000 local recruiting events are scheduled to take place this week in communities across the nation, including Puerto Rico, where activities will be held through Friday. “We need people to apply now so […]
Representatives from the U.S. Corps of Engineers officially handed back a repaired Guajataca dam to the Puerto Rico Electric Power Authority, after completing work at a cost of $50 million from the Federal Emergency Management Agency. After the impact of Hurricane María in 2017, the reservoir — which is operated by PREPA — suffered serious […]
The Puerto Rico Public-Private Partnerships Authority, in collaboration with the Puerto Rico Ports Authority, are seeking bids to repair, design, build, finance, maintain and operate certain marine cruise terminals in the San Juan Bay, with an associated investment of $250 million. The piers in the San Juan Bay that are proposed to form part of […]
The Puerto Rico Electric Power Authority will to provide CAMBIO and the Institute for Energy Economics and Financial Analysis complete access to its electrical system data, the nonprofits announced. The organizations had requested the information to carry out a modeling study based on distributed renewable energy sources. Because the data contains confidential information on critical […]
A delegation of 13 Puerto Rican companies locked down more than $5.2 million in sales during a recent commercial mission to Spain, coordinated by Puerto Rico Emprende, an initiative run by Puerto Rico Trade and Export. “Spanish companies showed great interest in the offer of local products and services that we took to the mission,” […]
The Puerto Rico Housing Department announced the start of the Municipal Revitalization Program that has allocated $39 million to create a plan that will lead to the development of more resilient communities in Puerto Rico’s 78 municipalities. Housing Secretary Fernando Gil-Enseñat said “through this program, direct funds will be allocated to all municipalities to develop […]
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