Liberty Latin America Ltd. and Telefónica S.A. in Costa Rica announced that the companies have received authorization from Costa Rican President Carlos Alvarado Quesada, for the sale of Telefónica’s operations in Costa Rica to Liberty Latin America’s 80% subsidiary, Cabletica. Liberty Latin America, parent company of Liberty Puerto Rico, will reportedly pay $505 million for […]
TransPerfect, a provider of language and technology solutions for global business, announced it will merge operations with Semantix, the Nordics’ largest provider of translation and interpretation services, through the acquisition of the group’s parent entity, Semantix International Group AB. The deal is said to be worth somewhere in the mid-$90 million, News is my Business […]
New research from Expedia Group reveals shifting views on travel, including positive sentiment on vaccine passports, increased budgets, and an enduring demand for safety and financial security. The Traveler Value Index examined the views of 8,000 people in eight countries to understand their values and expectations as the pandemic becomes more controlled in many parts of the world. “As […]
To mark its 35th anniversary, the Puerto Rico Community Foundation has launched a fundraising campaign entitled “35 Forjadores de Esperanza” (“35 Hopemakers”) to put a spotlight on the work of 35 people who have stood out for promoting uplifting and innovative changes in the communities they serve, and who have been linked to the nonprofit […]
The Puerto Rico Treasury Department informed that net income shored up into Puerto Rico’s General Fund exceeded $1.4 billion in May, beating the government’s projections by $42.9 million. In a press release, agency Secretary Francisco Parés said the projected amount was $1.3 billion, representing a growth of 3.1%. “This projection is included in the new […]
The US Small Business Administration will launch a streamlined Paycheck Protection Program forgiveness application website to allow some 6.5 million borrowers with PPP loans of $150,000 or less to apply for forgiveness directly through the SBA, it announced. On Aug. 4, the site will begin accepting applications from borrowers that have a PPP loan with […]
Foundation for Puerto Rico (FPR) is moving ahead with its Bottom Up Destination Recovery Initiative to drive the island’s recovery based on a sustainable model that supports communities to become more resilient and proactive in the development of their social, natural and cultural assets. On Aug. 11, the program will present the destination plans created […]
A good investment climate offers opportunities for companies ranging from microenterprises to multinationals. Promoting a favorable investment climate allows them to invest productively, create jobs, attract new investments to the island, or expand operations, among other activities. The recent determination of Moody’s Investors Service to withdraw its ratings for the Government of Puerto Rico and […]
The US Department of Agriculture is accepting applications for loan guarantees and grants for renewable energy systems and to make energy efficiency improvements, conduct energy audits and provide development assistance. So far in 2021, the agency has awarded $509,745 to 11 proponents in Puerto Rico, local USDA officials confirmed. Funds are being made available under […]
World Central Kitchen (WCK) has announced the recipients of its seventh round of grants in Puerto Rico, disbursed through its Food Producer Network. The program builds resilient local food systems and strengthens food security through direct financial support to smallholder farmers and fishers, as well as small food-related businesses and nonprofit organizations. The program seeks […]
Enterprise Holdings — parent company of Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands — is awarding $20,000 to seven Puerto Rico-based nonprofits as part of its ROAD Forward program. Through the Enterprise Holdings Foundation, the company will grant a total of $7 million to nearly 700 nonprofits addressing social and racial equity […]
The US Department of Agriculture’s Food and Nutrition Service announced the release of $966.12 million in additional Nutritional Assistance Program (PAN, in Spanish) funds to help Puerto Rico residents “who are still struggling from the COVID-19 pandemic.” More than 1.5 million Puerto Rico residents — nearly half of the island’s population — participate in the […]
The U.S. Small Business Administration announced the availability of $300,000 for up to two new grant opportunities for established and aspiring Women’s Business Center (WBC) host organizations. When funded, the WBC’s will provide outcome-oriented business services for women entrepreneurs in Puerto Rico, the agency said. “The SBA’s Women’s Business Center program is a dedicated resource partner, and […]
The Federal Communications Commission (FCC) confirmed that 158,333 households in Puerto Rico have enrolled in the Emergency Broadband Benefit Program, joining some 4 million others across the US mainland. The $3.2 billion subsidy program initiated by Congress provides a temporary $50 to $75 discount on eligible households’ internet bills during the duration of the pandemic. […]
Distrito T-Mobile hit a grand slam with the arrival of Puerto Rican catcher Iván “Pudge” Rodríguez’s restaurant, Pudge’s Pizza. The restaurant, which highlights the adrenaline of baseball, will offer a variety of pies in a modern, family-friendly atmosphere. Pudge’s Pizza is the seventh gastronomic concept of the entertainment center, which is in a staggered pre-opening. “It’s […]
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