U.S. Department of Agriculture (USDA) Rural Development Business-Cooperative Service unveiled a new grant program to help rural communities create good-paying jobs and support new business opportunities in high-growth fields. Rural Innovation Stronger Economy (RISE) is intended to help rural communities identify and maximize local asset and connect to networks and industry cluster within their region. […]
Numbers from a variety of independent sources suggest that Puerto Rico is seeing the benefits of Discover Puerto Rico’s strategy, with a positive rebound in the island’s local tourism economy and many positive signs pointing to continued recovery on the horizon. Much of the island’s Destination Marketing Organization’s (DMO) success can be attributed to “the […]
The “El Isleño” ferry, which was out of rotation for two months in a dry dock in the neighboring island of St. Thomas, has rejoined the Ceiba/Vieques/Culebra maritime route, after getting $1.1 million in repairs, Maritime Transportation Authority confirmed. The heavy-duty vessel has a capacity for 208 passengers and approximately 22 vehicles, MTA Executive Director […]
The US Department of the Treasury today announced the allocation of $47.3 million in relief funds to 27 Puerto Rico-based credit unions, through its CDFI Rapid Response Program (CDFI RRP). The goal is to provide necessary capital for community development financial institutions (CDFIs) to respond to economic challenges created by the COVID-19 pandemic, particularly in […]
Popular Inc. announced that, upon completion of the second round of the Paycheck Protection Program (PPP) on May 31, 2021, it had processed nearly 50,000 loans, originating $2.1 billion in both rounds of the program. Popular said during the second PPP round, which began on Jan. 19, it processed approximately 20,500 loans totaling $673 million […]
The Puerto Rico Industrial Development Company (PRIDCO, in Spanish) has been assigned $93 million from the Federal Emergency Management Agency (FEMA) to begin reconstruction and revitalization of commercial properties affected after the passage of Hurricanes Irma and María in 2017. PRIDCO Executive Director Javier Bayón-Torres said the allocation will benefit 54 mandatory projects throughout the […]
The US Department of Labor announced a $1.5 million funding opportunity available to all 50 states, the District of Columbia, Puerto Rico and the US Virgin Islands to develop partnerships with community-based organizations and other nonprofits to conduct outreach to women workers to help them understand and exercise their rights and benefits in the workplace. […]
The Puerto Rico Manufacturers Association will host a seminar June 18 at 10 a.m. to provide information to micro and small businesses that operate with less than 75 employees and suffered losses due to Hurricanes Irma and María and may be eligible for grants of up to $50,000. Stella Molina, director of the PRMA’s member […]
In the past year, technology has taken on a more relevant role and has become the ally to keep people in contact with the rest of the world. With that in mind, the Triple-S Foundation turned to technology to deliver joy to a population that was completely isolated. Hospitalized patients, of all ages, were able […]
The Luis Muñoz Marín International Airport (LMM) will receive $9.4 million from the US Department of Transportation’s Federal Aviation Administration (FAA) to reconstruct its main runway. The allocation is part of a round of awards of more than $898.9 million in infrastructure and safety projects through the FY2021 Airport Improvement Program (AIP). This total includes $113.5 million […]
Father’s Day is observed in the US, Canada, United Kingdom, and other countries of the western world as a sequel to the celebration of mothers, a month before. This a day to pay homage to fatherhood, which is always on the third Sunday of June. The year 2020 gave humanity ample experience in virtuality ad […]
When ToroVerde was inaugurated in May 2010, many doubted it would be a success. And as it grew from idea to reality, we had to hear many “No’s.” But each one gave us more strength to continue and to overcome these challenges. Some of the negativity was understandable. Our adventure park is in the mountains, […]
Looking to deliver the message of keeping Puerto Rico’s beaches litter-free, Corona organized three underwater and shore clean-up activities, collecting about 835 pounds of solid waste, including small containers, cigarette butts, straws, aluminum cans, metal tubes, etc. The events were held at the Crash Boat beach in Aguadilla, Buyé in Cabo Rojo and Tres Palmas […]
Kinderhook Industries, LLC’s MHH Healthcare announced it has entered into a definitive agreement to acquire Medical Card System Inc. The transaction is expected to close later this year, subject to customary conditions and regulatory approvals, and will mark the second significant acquisition by a subsidiary of MHH Healthcare following the prior acquisition of GlobalHealth. Additional […]
Workers in the San Juan-Carolina-Caguas, Puerto Rico Metropolitan Statistical Area had an average (mean) hourly wage of $15.33 in May 2020, about 43% below the United States mainland average of $27.07, the US Bureau of Labor Statistics reported. Chief Regional Economist Martin Kohli said that after testing for statistical significance, all 22 major occupational groups […]
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