PR, federal partners unite to energize PR’s power grid
October 18, 2017
Over the next several months, the Puerto Rico Electric Power Authority (PREPA), United States Army Corps of Engineers (USACE), the Department of Energy, and private industry will unite to restore emergency power to Puerto Rico’s electric grid, which was heavily damaged by hurricanes Irma and María, the Federal Emergency Management Agency said.
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Laboy: Manufacturers staying put thru PR’s hardship
October 17, 2017
Manufacturing operations — including pharmaceuticals and medical device makers — have not given notice of plans to leave the island despite the hardship conditions Hurricane María left in its wake, Economic Development and Commerce Secretary Manuel Laboy said Monday.
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USACE awards $240M contract for power restoration
October 16, 2017
The U.S. Army Corps of Engineers (USACE), in coordination with the Huntsville Engineering and Support Center, has awarded a $240 million contract to Texas-based Fluor Corporation for the repair of the power grid in Puerto Rico, the agency announced.
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FEMA grants open to PR faith-based, community, NGOs
October 16, 2017
Faith-based organizations, in addition to other community, volunteer, and non-profit organizations in areas eligible for the Federal Emergency Management Agency’s (FEMA) Public Assistance program may apply for grants to help "return to helping others," the agency announced.
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Co-working spaces an option for displaced professionals
October 15, 2017
Many professionals are looking for ways to return to work after the devastation brought on by Hurricane María, but find themselves without an office or internet.
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Rosselló: ‘We’ll use all resources to energize PR quickly’
October 13, 2017
Puerto Rico Gov. Ricardo Rosselló said Friday the expectations that power will be fully restored in four to six months is “unacceptable” and vowed to set off an aggressive strategy to energize the island as soon as possible.
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US House OKs $35B relief package that benefits PR
October 13, 2017
The U.S. House of Representatives approved Thursday the Supplemental Appropriations Bill Disaster, HR 2266, which allocates $35 billion for emergencies and benefits Puerto Rico in the recovery phase following the landfall of two hurricanes in less than two weeks.
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Baxter resumes limited manufacturing production in PR
October 13, 2017
Baxter International Inc. said Thursday while it is anticipating a reduction in revenue for fourth quarter 2017 as a result of Hurricane María, it expects to “mitigate the related earnings impact through positive performance in other areas of the business.”
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María doesn’t ‘significantly impact’ Avara’s Arecibo plant
October 13, 2017
Avara’s Arecibo plant did not sustain significant impact to its critical manufacturing areas, and the company is expected to continue delivering to customers, the company’s CEO, Tim Tyson said Thursday.
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Private equity firms launch relief fund with $10M goal
October 12, 2017
Private Equity for Puerto Rico, formed by a group of leading private equity firms, including Clearlake Capital Group, Valor Equity Partners, StepStone Group, Palladium Equity Partners, LLC and MoonSail Capital, LLC, announced an effort to raise significant funds from the private equity and financial communities to aid victims of Hurricane María in Puerto Rico.
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T-Mobile, Claro, AT&T continue recovery efforts in PR
October 12, 2017
Three of the island’s major wireless carriers reported progress on their network recovery efforts as of Wednesday, as more consumers in Puerto Rico recover services.
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PR Funders Network launch FORWARD PR Fund
October 12, 2017
The Puerto Rico Funders Network has launches the FORWARD Puerto Rico Fund to support nonprofit organizations that are providing direct service to communities affected by the devastating hurricanes Irma and María, organizers confirmed Wednesday.
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Atento evaluating Caguas re-opening, as town recovers
October 11, 2017
Customer relationship management and business process outsourcing solutions company Atento, which employs about 900 people in Caguas, is evaluating its options to possibly relocate its call center there, town officials confirmed Tuesday.
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Liberty rebuilding fiber ring in western, southern flanks
October 10, 2017
Liberty Puerto Rico has made progress in the reconstruction of its fiber ring in the Western zone, completing the ring between Aguadilla and Mayaguez; and advancing in work between Mayaguez and San Germán, company officials said Tuesday.
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PR may avoid ‘Medicaid cliff’ with $1B in new federal aid
October 10, 2017
Puerto Rico stands to receive a $1 billion assignment from U.S. Congress under the State Children’s Health Insurance Program, which would cover the local government’s public healthcare coverage plan for the medically indigent through Sept. 30, 2018, said Health Insurance Services Administration Executive Director Ángela Ávila.
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