Pierluisi, HUD Secretary commit to ‘continue accelerating’ Puerto Rico recovery
April 28, 2021
Puerto Rico Gov. Pedro Pierluisi and U.S. Secretary of Housing and Urban Development (HUD), Marcia L. Fudge on Tuesday discussed the island’s access to disaster relief funding, underscoring their commitment to continue accelerating Puerto Rico’s recovery. Last week, HUD announced the obligation of $8.2 billion in Community Development Block Grant Mitigation (CDBG-MIT) funds, along with […]
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Puerto Rico’s credit union industry strengthened by 20% increase in total deposits
April 28, 2021
Conditions for Puerto Rico’s credit union industry continued improving as of the fourth quarter of 2020, with greater liquidity, asset quality and a 20% increase in total deposits, according to the new Credit Union Industry Financial Stability Index for Puerto Rico, produced by Estudios Técnicos Inc. (ETI). “The index increased from 0.38 in the fourth quarter […]
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Espacios Abiertos lands Webby Awards nod for gov’t watchdog website
April 28, 2021
Nonprofit organization Espacios Abiertos’ Quienmerepresentapr.com website recently landed a distinction after positioning itself among the best in the web from the International Academy of Digital Arts and Sciencies, as part of the 25th edition of its Webby Awards for internet excellence. This year’s “Webby Honorees” included Espacios Abiertos’ website, which was recognized in the competition’s […]
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AAFAF seeks to promote education in business, tech
April 28, 2021
The executive director of the Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) Omar J. Marrero announced the release of a Request for Proposals (RFP) for grant administrator services for a fund created to provide education in business and technical skills, or the 21st Century Technical and Business Education Fund. The grant administrator will be […]
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New job opportunities at the Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort
April 28, 2021
The Wyndham Grand Rio Mar Puerto Rico Golf & Beach Resort continues its process of recruiting new personnel for the hotel’s operations and on this occasion the management announced a new job fair to be held April 30 between 8 a.m. and 3 p.m. Specifically, the hotel will be recruiting seasonal, part-time and regular staff […]
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Consulting services firm ICF lands $46M contract from Puerto Rico gov’t
April 27, 2021
The Public Private Partnership Authority recently awarded global consulting and digital services provider ICF a new $46 million contract to provide services to support long-term disaster recovery from Hurricanes Irma and María and hazard mitigation efforts to protect against future disasters, it announced. The contract, which is administered by the Central Office of Recovery, Reconstruction […]
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Puerto Rico’s population shrinks by 11.8% since 2010
April 27, 2021
The U.S. Census Bureau disclosed that Puerto Rico’s resident population was 3,285,874 as of April 1, 2020, down 11.8% from 3,725,789 people included in the 2010 Census. “We’re proud to release these first results from the 2020 Census today. These results reflect the tireless commitment from the entire Census Bureau team to produce the highest-quality […]
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First BanCorp reports $58.9M in Y-O-Y net income growth during 1Q21
April 27, 2021
First BanCorp., the parent company of FirstBank Puerto Rico, reported net income of $61.2 million, or $0.28 per diluted share, for the first quarter of 2021, compared to $50.1 million, or $0.23 per diluted share, for the fourth quarter of 2020, and $2.3 million, or $0.01 per diluted share, for the first quarter of 2020. […]
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Puerto Rico’s economic activity shows slight growth in Jan-Feb ’21, but tumbled Y-O-Y
April 27, 2021
Puerto Rico’s economic activity showed slight growth in January and February 2021, with 118.8 and 119.3 points, respectively, but took a tumble year-over-year with drops of 3.2% in January and 2.3% in February 2020. Puerto Rico Economic Development Bank President Luis Alemañy said the Economic Activity Index (EAI-BDE) analysis period includes the months when the […]
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Puerto Rico Consortium for Clinical Investigation marks 5th anniversary
April 27, 2021
The Puerto Rico Consortium for Clinical Investigation (PRCCI), a subsidiary of the Puerto Rico Science, Technology & Research Trust, will mark its 5th anniversary with a scientific presentation and a recognition to researchers and founding members at a Zoom event to be held April 30, from 9 a.m. to 12:30 p.m. The Zoom event, which […]
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Group of entrepreneurs become ‘brand ambassadors’ for Hecho en Puerto Rico
April 27, 2021
Recognizing the diversity of industries and entrepreneurs that have made inserted themselves into the local economy, and pursuing the goal of continuing to build on the message of the importance of promoting and supporting local products and services, the Hecho en Puerto Rico Association (AHPR, in Spanish) announced the integration of well-known Puerto Rican entrepreneurs […]
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Pierluisi announces start of bidding process to rebuild hospital in Vieques
April 26, 2021
Nearly four years after losing its only hospital to the destruction caused by Hurricane María, the bidding process to rebuild the Vieques medical facility is officially underway. Gov. Pedro Pierluisi announced the start of the bid for architectural/engineering services for the conceptual drawings for the Susana Centeno Hospital in Vieques. He said $1 million has […]
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Farm Bureau supports González’s designation as agriculture secretary
April 26, 2021
Saying they “foresee a rebound in the sector” under the leadership of Agriculture Secretary-designate, Ramón González, members of the Puerto Rico Farm Bureau threw their support behind the farmer, whose confirmation hearing is scheduled for today at the Senate. During a press conference, leaders of the coffee, fishing, dairy, and family markets sectors, together with […]
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Op-Ed: Given the labor shortage, businesses face extremely complex months ahead
April 26, 2021
For decades, in Puerto Rico, only about 45% of the capable people have been employed, or actively seeking employment. Now, the structure of the pandemic aids has increased the number of qualified people, who choose to stay at home. Simultaneously, populist voices blame employers for the situation, ignoring the various causes for the problem, and […]
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NY gov’t officials deliver aid supplies to Peñuelas, Yauco
April 26, 2021
New York government officials teamed up with nonprofit organization Somos Inc. to deliver aid supplies to residents in Peñuelas and Yauco affected by the 2020 earthquakes. On April 22nd, Assemblywoman Maritza Dávila, chairwoman of the New York State Puerto Rican/Hispanic Taskforce, along with Somos Inc. nonprofit Chairman Francisco Díaz and the New York State Office […]
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