US Customs and Border Protection’s (CBP) San Juan Field Office — which is responsible for multiple ports of entry in Puerto Rico and the US Virgin Islands — experienced a 175% growth in the number of counterfeit seizures in Fiscal 2021 to date in contrast to the same period in Fiscal 2020. In Fiscal 2020, […]
The week before Christmas, the Financial Oversight and Management Board for Puerto Rico (FOMB) quietly announced a plan for the Commonwealth’s government to loan almost $1 billion to the Puerto Rico Electric Power Authority (PREPA) to facilitate the privatization of the island’s transmission and distribution system. This plan was presented in a poorly documented filing […]
Entrepreneur Brock Pierce, along with the US Marine Corps, handed out 5,000 toys to children from different parts of the town of Bayamón, as part of an annual effort by Toys for Tots. The event took place on the eve of Three Kings Day, to benefit underprivileged children in Puerto Rico and across the US […]
Destination marketing organization Discover Puerto Rico has received $15.8 million in funding through the Coronavirus Aid, Relief, and Economic Security (CARES) Act to promote the island as a safe place to visit once the COVID-19 pandemic recedes. Discover Puerto Rico CEO Brad Dean told this media outlet that the funding — which has been granted […]
The Puerto Rico Senate is looking to halt the consolidation of the Puerto Rico Tourism Co. into the Department of Economic Development and Commerce (DDEC, in Spanish) umbrella that is currently underway, stating the need for a “dedicated and autonomous entity to serve the interests of the local tourism sector and the world.” Senate Bill […]
Cybernauts want to forget 2020 as fast as possible, yet as we enter the second decade of the 21st Century, it’s also time to say goodbye to technologies that will not be around for long. Soon to be gone with the thankless 2020 are devices and tech that was necessary for our work routine, […]
To maximize returns on your investment, you will need to choose diversified instruments at terms of five years or more. One of the instruments most commonly used by local investors is Oriental’s Diversified Growth IRA (DGI)1, which also offers the tax relief everyone is looking for when the time comes to file taxes, as every […]
After a significant decline stemming from measures adopted to control the COVID-19 pandemic, Puerto Rico’s economy faces further uncertainty as it is again expected to contract in 2021, although less dramatically, according to a projected scenario from economic consulting firm Estudios Técnicos. The firm’s base scenario reflects an economic contraction of 0.9% in 2021, a […]
Orlando, FL — Challenges like the COVID-19 pandemic has not prevented the expansion plans of El Cilantrillo restaurant, with a third location expected to open early in February in Orlando, this media outlet confirmed. Hiram Turull, owner and founder of El Cilantrillo Restaurant Inc., with two locations in Kissimmee and Orlando, announced his plans to […]
Gov. Pedro Pierluisi and Labor Secretary Carlos Rivera-Santiago announced the Puerto Rico is opting-in to the new Mixed Earner Unemployment Compensation program that will represent an economic impact of some $65 million to the island and could benefit some 60,000 individuals. Th requirements and instructions on how to participate in the program — which is […]
Following months battling with the COVID-19 pandemic, three thrift shop owners in Puerto Rico, have set their expectations high for a better 2021. For Jade Tavarez, Francheska Nazario and Mónica Oquendo the goal is to remain resilient during these tough times. Nazario, owner of the Closet Sustentable thrift shop in Bayamón, has been in the […]
The 20/22 Act Society announced a record in the distribution of funds among this year helping more than 30 nonprofit organizations on the island that shared $1,085,000 in 2020. “Since 2013 we have made a strong commitment to support charitable organizations in the Puerto Rican community,” said Robb Rill, founder of The 20/22 Act Society. […]
The US Department of Agriculture has opened a call for applications for loan and grants to support rural microenterprises, through its Rural Microentrepreneur Assistance Program (RMAP). RMAP provides loans and grants to a nonprofit entity or institution of higher education — known as a Microenterprise Development Organization (MDO) — to establish revolving loan funds to […]
Caribbean Produce Exchange Inc., a Puerto Rican consumer food and fresh food distributor, delivered 2.7 million food boxes through its participation in the U.S. Department of Agriculture’s “Farmers to Families Food Box Program” since the initiative began in May. More than 9 million people on the island suffering from food insecurity that has escalated during […]
The Puerto Rico Social and Solidarity Economy Network’s (Red ESSPR, in Spanish) development agenda for 2021 will include increasing the scope of its efforts to facilitate more alliances across economic sectors, educate the community, and strengthen a dozen initiatives carried out this year, among them trade exchanges, financial agreements, and national representation in international events. […]
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