Oversight Board recommends transfer of WIPR to private operator
January 14, 2019
The Financial Oversight and Management Board for Puerto Rico recommended that the government take the necessary steps to transfer the rights and ownership of the Puerto Rico Public Broadcasting Corp. also known as WIPR, to a private, nonprofit entity. In a letter to Gov. Ricardo Rosselló, Senate President Thomas Rivera Schatz and House Speaker Carlos […]
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Rosselló announces $37.5M collaborative community planning program
January 14, 2019
Gov. Ricardo Rosselló announced the signing of an agreement between the Puerto Rico Department of Housing and Foundation for Puerto Rico to start administering the Community Resilience Program, which has a budget of $37.5 million.The funding comes from the Community Development Block Grant Program, which has set aside disaster recovery funds. The program’s priority are […]
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Federal gov’t approves new healthcare model for P.R.
January 10, 2019
Puerto Rico’s “Vital” plan provides medical coverage to those that cannot afford traditional medical plans.
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Resident Commissioner introduces bipartisan bill to extend Child Tax Credit to P.R.
January 9, 2019
Puerto Rico’s child population has dramatically decreased over the last decade due to migration to the U.S. mainland.
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P.R. Convention Center to invest $5.7M in capital improvements
December 13, 2018
The announcement was made during the re-inauguration of the Convention Center’s emblematic terrace, which also received a face-lift.
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538 private-sector companies in P.R. will not pay Christmas bonus
December 12, 2018
The list of companies that will not pay the bonus as established by law included private schools, restaurants and professional practices.
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P.R. gov’t promotes development of smart cities during workshop
December 5, 2018
During the workshop, Council experts used case studies that showed how other cities have benefited from technology to improve their disaster preparedness and enhance the quality of life of their citizens.
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Treasury Dept. reports $793M in net revenue collections in Oct.
November 29, 2018
Revenues totaled $469 million in October 2017, “the most affected month, with the lowest revenue the whole year,” due to the effects of the passage of Hurricanes Irma and María.
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P.R. gets $54M FEMA allocation for towns, $450K from Dept. of Commerce
November 27, 2018
The FEMA funds come from assignments González has worked on from Congress, through budget or supplemental appropriations disaster bills.
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Rosselló reminds Congress of ‘key disaster relief measures’ still pending
November 21, 2018
The governor made several requests to lawmakers, all of which the island’s government expects to be addressed before the end of the current session.
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Gov’t closes sale of Comunidad Río Bayamón complex for $12M — half of asking price
November 20, 2018
The property was listed for $25 million, but was sold for less than half of that, at $12 million.
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14 companies picked to participate in ‘Pymes Innovadoras’ program
November 16, 2018
Participating entrepreneurs will receive up to $100,000 in incentives to help them set off business growth plans, as well as market and export their innovative products based on science and technology.
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British Consulate-General explores opportunities in P.R.
November 15, 2018
Nicolette Brent, the first woman to occupy the post as Consul General for the British Consulate General in Miami, said increasing ties with Puerto Rico is a priority.
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P.R.’s Economic Development Bank looks toward ’19 as year of ‘rebirth’
November 14, 2018
The Puerto Rico Economic Development Bank has undergone what its President Luis Burdiel called a “financial re-engineering."
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P.R. under consideration for inclusion in U.S. Bureau of Economic Analysis
November 6, 2018
This effort complements the implementation of Department of Economic Development and Commerce Reorganization Act.
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