P.R. Energy Commission unveils proposed microgrids regulation
January 10, 2018
Aware of the need to quickly and effectively restore Puerto Rico’s electrical service and simultaneously ensure its sustainable long-term development, the Puerto Rico Energy Commission has drafted the first regulation on the development of microgrids on the island.
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EDB offers emergency loans of up to $50K to help P.R. physicians recover
January 10, 2018
The Puerto Rico Economic Development Bank has signed an agreement with the College of Physicians and Surgeons to offer emergency loans of up to $50,000 to physicians whose practices were affected by Hurricane María.
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La Fortaleza unveils 5 reorganization plans to streamline gov’t, cut costs
January 9, 2018
Gov. Ricardo Rosselló’s administration officials unveiled Monday five reorganization plans under the New Government Act approved late last year, to streamline government processes.
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P.R. OBoard opens comment period for $1.5B in ‘critical energy projects’
January 8, 2018
The Financial Oversight and Management Board for Puerto Rico announced the start of the 30-day public comment period for four of the critical projects submitted through the Critical Projects Process (CPP) and under the consideration of the federally appointed entity’s Revitalization Coordinator.
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1st phase of PR government’s ‘Assets Map’ unveiled
December 15, 2017
The Puerto Rico government's main economic development agency unveiled Thursday the first phase of the Asset Map, created to attract new investment, create jobs and promote economic development in different regions of the island.
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Rosselló meets with Democratic Hispanic Caucus to talk federal tax reform
December 14, 2017
Gov. Ricardo Rosselló met with the Democratic Hispanic Caucus in Congress to discuss the effects that the federal tax reform will have on the island and the need for Puerto Rico to receive equal treatment in the supplementary relief bill, after the disaster caused by Hurricane María.
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PR power utility unveils team charged with transforming island’s energy grid
December 13, 2017
The Puerto Rico Electric Power Authority (PREPA) announced Wednesday the names of 11 utility industry leaders who will serve as founding members of PREPA’s Transformation Advisory Council (TAC).
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PR, NY governors, lawmakers call on feds to approve $94B in aid for PR
December 12, 2017
Gov. Andrew M. Cuomo, Gov. Ricardo Rosselló and members of the New York Congressional delegation called on the federal government to immediately approve a $94.4 billion federal aid package to “rebuild a stronger, more resilient Puerto Rico.”
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Central Recovery and Reconstruction Office launches RFPs
December 11, 2017
The Central Recovery and Reconstruction Office (CRRO) has been formally established under the umbrella of the Puerto Rico Public-Private Partnerships Authority, and over the weekend announced a series of requests for proposals to establish policies and procedures of the new office.
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Rosselló unveils $100M municipal Recovery Fund
December 8, 2017
Following the back-to-back strikes by Hurricanes Irma and María, Puerto Rico’s municipal governments, for the most part, represented the first line of response to the emergency, prompting the central government to unveil a $100 million fund to support their work.
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Puerto Rico ‘Emprende’ Academy kicks off to promote entrepreneurship
December 7, 2017
Gov. Ricardo Rosselló announced Wednesday the creation of the Puerto Rico “Emprende” Academy, an initiative aimed at developing a “strengthened, streamlined and innovation-oriented Puerto Rican entrepreneurial class.
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Private sector backs Rosselló’s call urging Congress to insert PR in U.S. tax reform
November 28, 2017
Representatives from Puerto Rico’s private sector agreed Monday to back Gov. Ricardo Rosselló’s urgent call to Congress to treat the island as a U.S. — not foreign — jurisdiction in the federal tax reform currently being discussed.
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PR Taskforce members call on Republicans to extend tax provisions for island
November 16, 2017
With ongoing negotiations over tax reform, Members of the Congressional Hispanic Caucus Puerto Rico Taskforce sent a letter to Republican leaders in Congress urging the inclusion of tax provisions that will help rebuild Puerto Rico.
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Rosselló to Congress: US citizens residing on the island need equal treatment
November 14, 2017
Puerto Rico Gov. Ricardo Rosselló urged Congress to consider Puerto Rico in the federal tax reform and to include the island in the Supplemental Disaster Relief Package that will attend the different natural disasters registered in the nation to ensure equal treatment for American citizens residing on the island.
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Gov. gives small businesses 5-week sales tax hiatus
November 9, 2017
Puerto Rico Gov. Ricardo Rosselló signed several executive orders to boost the economy, including one that exempts small and medium enterprises from collecting Sales and Use Tax on the sale and purchase of inventory.
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