COR3 disbursements for municipal permanent works up 26% Y-O-Y in 1Q21
April 21, 2021
The Central Office of Recovery, Reconstruction and Resiliency (COR3) confirmed that disbursements to municipalities under the permanent works categories and participants of the Federal Emergency Management Agency’s (FEMA) Public Assistance Program reflected a 26% year-over-year increase during the first quarter, versus the same period in 2020. Agency Executive Director Manuel A. Laboy said that some […]
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Puerto Rico Tourism Co. doles out $125K in agrotourism incentives
April 21, 2021
The Puerto Rico Tourism Co. met with the 25 companies certified under its agrotourism program to hand each one a $5,000 incentive check to promote business continuity, for a total of $125,000. During a meeting at Hacienda Cascada in Aguas Buenas agency Executive Director Carlos Mercado also unveiled a new promotional campaign that focuses exclusively […]
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Puerto Rico Ports Authority completes $695K in Isla Grande airport overhaul
April 21, 2021
As part of its capital improvements program, the Puerto Rico Ports Authority completed some $695,000 in improvements to the passenger terminal of the Fernando Luis Ribas Dominicci regional airport in Isla Grande, which suffered severe damage from Hurricane María in 2017, the agency’s Executive Director Joel Pizá-Batiz announced. The improvements called for repairs of indoor […]
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Machu Picchu Restaurant opens at Guaynabo’s Plaza Real Shopping Center
April 21, 2021
Peruvian cuisine lovers now have a new option in Machu Picchu Restaurant in Guaynabo, where Chef Marcelo López, owner and founder of Ceviche House, invested $250,000 in his proposed fusion between unique Peruvian gastronomy and a variety of wines and emblematic cocktails. Machu Picchu has a capacity for 49 people including four outdoor spaces. For […]
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Volvo distributor Martí kicks off ‘21 #1-ranked in LatAm, with 28% of total sales
April 21, 2021
VV Autos, owned by Dominican Republic-based Martí — and exclusive distributor of the Volvo brand in the neighboring island nation, Puerto Rico and Panamá — has been ranked at the top of its class in Latin America, where sales have been growing. So far this year, the company has reported a 33% year-over-year growth during […]
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Puerto Rico Health Dept. proposes $300 fine on travelers arriving without negative COVID-19 test
April 20, 2021
Puerto Rico Health Secretary Carlos Mellado has signed a new Administrative Order that effective April 28, will impose a $300 fine on all travelers who fail to present a negative COVID-19 test within 72 hours prior to their arrival to the island. However, he said the fine will be removed once the traveler submits the […]
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Puerto Rico’s average yearly salary hovers at $25,332, study shows
April 20, 2021
Puerto Rico’s average worker makes about $25,332 a year, according to a study by the Census Information Center of the University of Puerto Rico in Cayey, based on numbers from the US Census for 2017. The Center’s Director, Economist José Caraballo-Cueto, explained that the most recent economic Census provides data on a cross-section of private […]
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Community water supply systems to be outfitted with redundant power
April 20, 2021
The Puerto Rico Community Foundation has launched the first phase of its project to establish redundant power for the island’s community water supply systems, which will guarantee uninterrupted access to running water in rural communities during natural disasters. The project entails a $25 million grant, issued through the Federal Emergency Management Agency’s risk mitigation program, […]
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Practical Techie: Sense of touch is soon coming to our virtual worlds
April 20, 2021
Web technology makes continuous inroads into physical reality, this time attempting to replicate one of our most precious senses: the human touch. Touch gives us a deeper understanding of things, which cannot be fully experience by sight, or hearing. The task ahead is to replicate as much of its real life tact authenticity into machines. […]
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Economic Dev’t postpones restaurant industry job fair
April 20, 2021
Less than a week after announcing it, the Department of Economic Development and Commerce has postponed plans to host a job fair in collaboration with the Puerto Rico Restaurants Association to fill 3,000 sector jobs. The event has been pushed back indefinitely in response to the uptick in COVID-19 cases in Puerto Rico, and the […]
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Furniture manufacturer DNG Inc. planning $500K expansion
April 20, 2021
Local wood, particulate panel and PVC furniture factory, DNG Inc. in San Sebastián, is planning to invest $500,000 to expand its plant and also consider the possibility of exporting its products to the US mainland. The information was revealed during a visit by Department of Economic Development and Commerce Secretary Manuel Cidre, who was on […]
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Hatillo Kash N’ Karry launches digital grocery shopping service
April 20, 2021
Supermarket chain Hatillo Kash N’ Karry, which has a stronghold in Puerto Rico’s northwestern region, announced the availability of its online grocery shopping service called readykart.com. The new service gives consumers access to more than 8,000 grocery products and select between delivery (which carries an $8 fee) or pick-up (for $4) options at one of its four […]
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Sun West Mortgage launches conventional non-conforming loan program
April 20, 2021
Sun West Mortgage Company has introduced its conventional non-conforming loan program, becoming the only US based mortgage bank to offer it in Puerto Rico, and the first one to launch this product in more than 15 years, it confirmed. The mortgage company, which marking its 10th anniversary of operations on the island, provides technology solutions […]
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SBA unveils $28.6B Restaurant Revitalization Fund to help hard-hit sector
April 19, 2021
The U.S. Small Business Administration announced details on application requirements, eligibility, and a program guide for the $28.6 billion Restaurant Revitalization Fund (RFF), which seeks to help bring back jobs and revive one of the hardest-hit economic sectors since the start of the COVID-19 pandemic. The SBA will administer the funds to the most affected […]
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Río Piedras Medical Center unveils 10 new operating rooms, after $5M investment
April 19, 2021
The first 10 new operating rooms to be located at the Río Piedras Medical Center’s Julio A. Pérez building were recently unveiled following a $5 million investment, the government’s Medical Services Administration, which manages the hospital, announced. In these rooms, general surgeries, orthopedic surgeries, ear-nose and throat, ophthalmology, urology, maxillofacial and neurosurgery can be performed, […]
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