If the Puerto Rico government were to walk away from the public-private partnership that turns over the responsibility of managing and operating the Luis Muñoz Marín International Airport to Aerostar Holdings, it would have to compensate the consortium with as much as $8 million for its troubles, according to the 40-year lease agreement signed earlier this year.
Looking to make it easier for citizens to interact with public agencies, government officials announced Wednesday the addition of six new services pr.gov, expanding the 280 already available through the website that has generated more than 10 million transactions since its launch in 2010.
The U.S. Small Business Administration approved nine International Trade Loans in favor of exporters in Puerto Rico and the U.S. Virgin Islands in Fiscal 2012, totaling $880,000, the agency said Monday.
The U.S. Environmental Protection Agency has awarded $46 million to Puerto Rico to help finance improvements to water projects that are essential to protecting public health and the environment. The funds will primarily be used to upgrade sewage plants and drinking water systems throughout the island.
Puerto Rico Public Private Alliance Authority Executive Director David Álvarez acknowledged Tuesday that if the Federal Aviation Administration fails to give its go-ahead to the Luis Muñoz Marín International Airport P3, the government would not pursue another such deal.
With loan volume steadily increasing for the past six quarters, the U.S. Small Business Administration’s loan programs posted the second largest dollar volume ever in Fiscal 2012, supporting $30.25 billion in loans to small businesses, the agency informed Tuesday.
The U.S. Department of Veterans Affairs has awarded a $26.8 million contract to design and construct a parking garage at the Veterans’ Hospital in San Juan.
The Puerto Rico Office of the Inspector General and the Puerto Rican Industry Investment Board signed an agreement Tuesday establishing a specialized unit to monitor the government’s purchasing process and ensure that priority is given to locally made products.
Forty-seven states, Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands and the District of Columbia will receive $30 million total from the U.S. Small Business Administration in a second round of funding to support efforts to increase exporting by small businesses.
Since its enactment by the federal government in 2010, the Affordable Care Act has already saved more than 45,000 Medicare beneficiaries in Puerto Rico a total of $111.4 million on the cost of prescription drugs, Resident Commissioner Pedro Pierluisi said Sunday.
More than 2,000 Puerto Rican companies have received their digital certifications through the government’s online bidders registry launched four months ago, General Services Administration Chief Olga M. de Cardona-Martínez told News is my Business.
U.S. Census Bureau and Puerto Rico Planning Board officials announced Tuesday the start of the question-and-answer cycle to gather data on the island’s economic activity.
Gov. Luis Fortuño announced Wednesday the availability of a new financing tool that lets Puerto Rico's women entrepreneurs borrow of up to $15,000 to expand their businesses, as well as a scholarship fund to help them get ahead, professionally speaking.
The Roosevelt Roads Redevelopment Authority is partnering with the Puerto Rico Solid Waste Authority and the Department of Natural and Environmental Resources to respectively operate the existing recycling plant and provide water and land surveillance services at the former naval base.
Four consortia have been shortlisted to move on to the competitive procurement process to develop a new 600-bed juvenile social treatment campus complex through a public-private partnership with the government to be located in the town of Yauco.
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