Michael McDonald, a veteran local banker, has been appointed executive vice president and director of the business group in charge of the strategic direction and oversight of corporate banking for FirstBank Securities and FirstBank Insurance Agency.
The Puerto Rico Industrial Development Company announced Tuesday it has earmarked $10 million to create an incentive program for solar energy projects designed to lower energy costs for manufacturing companies leasing the agency’s buildings.
The Economic Development Bank was included Tuesday in the Puerto Rico Development Fund Guarantee Program through an agreement signed with the Government Development Bank, government officials announced.