Frommer’s Travel Guide has put together a list of its 10 Best Places to Go in the United States this coming year, which includes San Juan, which it describes as “newly revitalized following its quincentenary.” “With COVID-19 still a major concern, the Frommer’s staff struggled with whether to publish our annual Best Places article for […]
The US Department of Agriculture announced it is accepting applications for grants to assist in the preservation of affordable rural rental housing, for which it is making $3 million available. Grant recipients will provide services to multi-family housing borrowers and applicants. These services will help facilitate the transfer of properties financed with USDA direct loans […]
The Puerto Rico Education Department and the Milk Industry Promotion Fund signed an agreement through which the agency will invest $12 million to distribute fresh milk to the island’s public-school lunchrooms. The agreement will be in effect through Sept. 30, 2024 and complies with federal regulations that require offering five food components to lunch service […]
The US Department of Agriculture announced it is accepting applications for loans to support economic development and create jobs for people in rural areas, under the Intermediary Relending Program. The initiative provides a low-interest loan to local lenders or “intermediaries” that re-lend the funds to businesses to improve economic conditions and create jobs in rural […]
Fourteen small businesses in the town of Vega Baja will receive grants of up to $50,000 each for a total of $659,112, town Mayor Marcos Cruz-Molina announced. The funding comes following an alliance between the municipality, the Puerto Rico Economic Development Bank, and the Community Socio-Economic Institute (INSEC, in Spanish). The first entrepreneurs who each […]
Looki g to strengthen their business models, FirstBank together with INprende graduated 123 entrepreneurs from the third edition of the 1Éxito program. The students participated in five free virtual training sessions on topics related to business development. In addition, for completing the 1Éxito program, they received certificates to open a commercial account at FirstBank without […]
All seven Florida Technical College (FTC) campuses located in the southern state of Florida will now operate under NUC University, the college announced. With this last step, the institution will have unified all its education units and will complete the launch of its rebranding that started early 2020 in Puerto Rico. FTC offers 19 academic […]
MCS, through its MCS Conexión de Salud program, recently awarded more than $12 million in performance bonuses, distributed among pharmacies and hospitals in its provider network recognized for their “outstanding” performance related to the health and well-being of the patients they serve. “Despite the challenges the healthcare community has faced during the pandemic, the hospitals […]
The Puerto Rico Electric Power Authority (PREPA) has selected health insurer MMM as its new provider, effective Jan. 1, 2022, the companies announced. MMM will offer services in partnership with First Medical, which represents “an unprecedented agreement” that will allow the public corporation’s retirees and employees to benefit from integrated medical care with innovative benefits. […]
Puerto Rican business intelligence and technology firm Fusionworks won the North American “Partner of the Year” award from Prophix, a corporate performance management (CPM) software developer that provides solutions for the consolidation of financial processes. Ahead of its 20th anniversary, Fusionworks was selected from hundreds of firms in North America, it confirmed. “As 2021 is […]
This month, the Pivot Accelerator completed its second training cohort for social entrepreneurs focused on data culture and digital communications. This cohort sought to strengthen leadership in nonprofits and social enterprises in the art and culture sector. The Pivot Accelerator is the ChangeMaker Foundation’s main initiative. It aims to increase inclusive leadership capabilities in communications, […]
At a ceremony held at the Goldman Sachs headquarters in New York, Yari Rivas, co-founder of Alterna Communications, celebrated her graduation from the Goldman Sachs 10,000 Businesses 2021 National Cohort program in partnership with Babson College, ranked as the best entrepreneurial university in the United States. “This program has helped me strengthen the tools and […]
Commercial Equipment Finance Inc. (CEFI), an independent commercial equipment finance company headquartered in Puerto Rico, recently closed a $90.9 million asset-backed security (ABS) transaction. The proceeds will be used to pay down existing warehouse lines and for general corporate purposes. This transaction represents CEFI’s inaugural securitization. The deal includes four classes of equipment contract-backed notes, […]
Oregon-based Althea announced a new partnership with 5G zone contributor Hub Advanced Networks to build and expand new broadband networks and support telecom innovation as part of the Puerto Rico 5G Zone & Blockchain Ignition Lab initiative. The PR5G Zone & Blockchain Ignition Lab is a new, nonprofit, Advanced Innovation Development and Test Lab creating opportunities for individuals, products, […]
The US Department of Agriculture announced it is accepting grant applications that will advance equity in rural America by creating new opportunities in distressed communities. The Rural Innovation Stronger Economy (RISE) grant program encourages a regional, innovation-driven approach to economic development by funding job accelerator partnerships in low-income rural communities. This includes communities that have […]
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