P.R. Trade and Export opens call for 2nd Innova program cycle
March 3, 2020
Looking to promote business innovation, the Puerto Rico Trade and Export Company and the INprende business organization have announced the second call for the Puerto Rico Innova program, an initiative that seeks to empower future entrepreneurs. The initiative seeks to help up-and-coming businesses with high potential for expansion and development, Secretary of Economic Development and […]
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U.S. Census Bureau surveyors to begin visiting P.R. homes on Mar. 15
February 28, 2020
U.S. Census Bureau surveyors will begin visiting Puerto Rico homes starting Mar. 15, inviting residents to participate in the assessment that takes place every 10 years, said Jeff Behler, director of the U.S. Census Bureau’s New York Regional Office. During a joint press conference with the Puerto Rico Institute of Statistics, he said during the […]
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FEMA, COR3 assign $44M+ to fix road signs, roads, baseball fields, public bldgs
February 27, 2020
The Federal Emergency Management Agency and the Central Office for recovery, Reconstruction and Resilience, or COR3, obligated more than $44 million for recovery efforts related to Hurricane María. Among the nine projects that were obligated are those for the Puerto Rico Department of Transportation and Public Works (DTOP, in Spanish), the University of Puerto Rico […]
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FEMA, COR3 obligate $14M for 131 recovery projects in P.R.
February 26, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $13.9 million in funds for 131 projects related to the recovery and reconstruction of Puerto Rico, they announced. The latest grants assigned on Feb. 7-20 for permanent projects are: More than $6.6 million for repairs […]
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Statistics Institute names Disdier as executive director
February 26, 2020
Six months after opening the process to select an executive director the Puerto Rico Institute of Statistics has appointed Orville M. Disdier as executive director of that entity, promoting him from the interim position he held for more than a year. The announcement was made by Statistics Institute Board Chair Arnaldo Cruz, who said he […]
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OBoard reaches deal with P.R. creditors to restructure $35B in debt
February 10, 2020
The Financial Oversight and Management Board for Puerto Rico has reached an agreement with certain Commonwealth bondholders to resolve $35 billion of debt and non-debt claims via a revised plan of adjustment. The new agreement reduces the Commonwealth’s debt service (including principal and interest from the COFINA Senior Lien bonds) by 56%, to $39.7 billion […]
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CBP seizes $4.2M in counterfeit goods in January, including fake $100 bills
February 10, 2020
U.S. Customs and Border Protection (CBP) Officers and Import Specialist seized 138 shipments of counterfeit products during the month of January, including stacks of fake $100 bills. The estimated value of all the counterfeit products seized is $4.2 million, the agency confirmed. “CBP alone cannot stem the tide of counterfeit and pirated goods,” said Leida Colón, […]
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Gov’t publishes Opportunity Zones regulation for public comment
January 31, 2020
Economic Development and Commerce Secretary Manuel Laboy announced the publication for the review by the general public of the regulation that implements the provisions of sections 6070.54-6070.69 of the Opportunity Zones benefits of the Puerto Rico Incentives Code. The regulation establishes the rules, requirements and criteria that will be used for the request and issuance […]
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Gov’t unveils digital access to public information tool
January 30, 2020
The Secretary of the Department of Economic Development and Commerce, Manuel A. Laboy, unveiled the Access to Public Information tool, which complies with the disclosure obligations established in several laws. The digital tool responds to conditions established by the Puerto Rico Incentives Code, the Transparency Law and Expedited Procedure for Access to Public Information and […]
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U.S. Census confirms P.R.’s population remained flat as of July ’19
December 31, 2019
Puerto Rico’s population increased by 340 people (0.0%) between 2018 and 2019 after several years of annual population decline, according to the U.S. Census Bureau’s national and state population estimates. The most recent annual population estimates for Puerto Rico confirmed the number of local residents at 3,193,694 as of July 1, 2019. This slight increase […]
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FEMA, COR3 assign $20.5M for 37 recovery projects in P.R.
December 30, 2019
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have assigned more than $20.5 million in additional funds for 37 projects related to Puerto Rico’s recovery and reconstruction. These funds were obligated between Dec. 20-26, the agencies confirmed. “FEMA and COR3 continue to work together to develop strategies […]
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FEMA, COR3 assign $7.5M for 78 recovery projects
December 23, 2019
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated nearly $7.5 million in additional funds for 78 projects related to the recovery and reconstruction of Puerto Rico, the agencies announced. These funds were obligated from Dec. 13-19. Among the obligations are funds for architectural and engineering […]
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Invest Puerto Rico shares detailed plan to promote P.R. as investment destination
December 19, 2019
Invest Puerto Rico, the island’s new economic development engine, shared its data-driven plan to promote Puerto Rico as an investment destination and help usher in the island’s “next great economic transformation,” said CEO Rodrick Miller. The promotional plan, based on extensive research and analysis of global megatrends, economic data, perceptions, disruptive factors and Puerto Rico’s […]
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FEMA, COR3 assign $5.4M for 44 recovery projects in P.R.
December 18, 2019
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $5.4 million in additional funds for 44 recovery and reconstruction projects in Puerto Rico. The funds were obligated on Dec. 5-12. FEMA and COR3 continue to work together to develop strategies that advance recovery projects. […]
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P.R. gov’t launches defined contribution plan for public employees
December 11, 2019
Puerto Rico government officials announced the start of the first phase of implementation and management of the new defined contribution plan for public employees, including teachers and judiciary system workers. During a roundtable with members of the media, Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, for its initials in Spanish) Executive Director Omar […]
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