Op-Ed: Life-saving energy for Puerto Ricans now, not lip service
November 2, 2020
It’s nearly the end of the third hurricane season after María — after the longest power blackout in U.S. history and its thousands of casualties — and still none, zero, of the federal life-saving dollars for Puerto Rican solar energy resiliency have flowed. According to Doctors Nishant Kishore, Domingo Marqués and Ayesha Mahmud, as published […]
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10 towns get failing grades on fiscal performance, ABRE Puerto Rico says
October 30, 2020
The sixth edition of ABRE Puerto Rico’s Fiscal Health Index revealed that eight municipalities scored an “A” for the handling of their finances, while 10 towns were on the opposite end of the spectrum, with a failing grade. The index follows 13 indicators based on information derived from the municipality’s audited financial statements to rank […]
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Nearly 900 drivers in Puerto Rico renew licenses via new app
October 30, 2020
Approximately 893 people in Puerto Rico successfully renewed their driver’s licenses on the CESCO Digital app for mobile devices the day after the Department of Transportation and Public Works (DTOP, in Spanish) added the new feature to the platform, government officials said. In a press release, Transportation Secretary Carlos Contreras and Puerto Rico Innovation and Technology Services Executive […]
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Gov’t unveils free housing blueprints for hurricane, earthquake-resilient homes
October 30, 2020
Given the need in Puerto Rico for safe and resilient structures due to the frequency of storms and seismic events, and to help phase out life-threatening, irregular construction, the Department of Economic Development and Commerce (DDEC, in Spanish) announced the availability of free housing blueprints. “Through these plans to develop safe homes, we offer an […]
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BookWaves Coalition donates 33K books to students in Puerto Rico
October 30, 2020
The American Federation of Teachers, Transportation Institute and First Book have launched BookWaves, a coalition of unions, U.S. shipping companies and nonprofit organizations that have united to provide more than 100,000 free books to students and families during the COVID-19 crisis. The first wave of 3,000 bilingual and Spanish STEM (science, technology, engineering and math) […]
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Uber to offer discount on rides to voting centers on Nov. 3
October 30, 2020
The Uber transportation app will offer a promo code applicable on rides to and from voting centers in Puerto Rico on Nov. 3, the company announced. The footprint includes voting locations in the metro, north, east and southeastern zones, Uber officials said. By entering the code SALAVOTARPR in the app when requesting a trip, the […]
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Popular Inc. reports $168.4M in 3Q20 net income; Closing 11 NY branches
October 29, 2020
Popular Inc. reported net income of $168.4 million for the quarter ended Sept. 30, 2020, up from net income of $127.6 million for the quarter ended June 30, 2020, but flat when compared to the $164.3 million reported during the third quarter in 2019. “We generated $168.4 million in earnings in the third quarter, reflecting […]
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FEMA grants $26.2M to PREPA to improve infrastructure
October 29, 2020
The Federal Emergency Management Agency, in coordination with the Puerto Rico Central Office for Recovery, Reconstruction and Resilience, or COR3, obligated more than $26.2 million in funds to the Puerto Rico Electric Power Authority (PREPA) under the Agency’s Hazard Mitigation Grant Program. These funds are for the engineering and design phase to install a new combined cycle […]
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Molina offers production economy as a financial solution for Puerto Rico
October 29, 2020
Puerto Rico’s “Conciencia Movement” independent gubernatorial candidate Eliezer Molina believes the production economy can be a strategy of economic development for Puerto Rico, according to several interviews he has granted in the media. “We will propel economic development in all sectors of Puerto Rico using manufacturing as part of the industry’s growth,” Molina said in […]
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Puerto Rico Tourism Co. contributes $68K to reopen Camuy Caves attraction
October 29, 2020
The Puerto Rico Tourism Co. and the Department of Natural and Environmental Resources signed an agreement to speed up the reopening of the iconic Río Camuy Caves Park, which has been closed since Hurricane María hit in 2017. Through the agreement, the Tourism Co. assigned $68,000 in materials and equipment needed to recondition the attraction […]
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Nonprofits partner to create $2.4M tourism education scholarship fund
October 29, 2020
The Kinesis Foundation announced its alliance with the Scholarship Foundation for Hospitality and Tourism Studies Inc., to create and run the Hospitality and Gastronomy Studies Scholarship Fund, which has $2.4 million available. The Hospitality and Gastronomy Studies Scholarship Fund will grant scholarships, financial assistance, and incentives to Puerto Rican students with limited resources who are […]
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Economists rank gubernatorial candidates’ fiscal platforms
October 28, 2020
The economic platforms presented by the candidates running for governor of the island “leave much to be desired,” Alba Brugueras-Fabre, president of the Puerto Rico Economists Association (AEPR, in Spanish) said, after evaluating each of the plans. In a report, the professional association said the platforms of the six candidates: “are reduced to a list of […]
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Independence Party’s Dalmau says Puerto Rico ‘ready for a transformation’
October 28, 2020
Juan Dalmau, the candidate running for governor under the Puerto Rican Independence Party (PIP, in Spanish), insists the island is ready for a “transformation” related to who gets to run the island. As part of his strategy, he released his “Patria Nueva” political platform on his website before any other candidate in the gubernatorial race that will […]
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Lúgaro envisions ‘eco-friendly and modern economy’ for Puerto Rico
October 28, 2020
As the 2020 elections approach, the candidates running for governor of Puerto Rico have revealed their political platforms, which in the case of Alexandra Lúgaro of the Movimiento Victoria Ciudadana (MVC), dedicates two chapters to the economy. In them she states from the start that she envisions creating systems favorable to nature, therefore, “efficient and dynamic.” […]
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39 startups receive investment from parallel18’s Business Continuity Fund
October 28, 2020
As part of its mission to support innovative entrepreneurship and impact Puerto Rico’s economy, parallel18 — along with its parent organization, the Puerto Rico Science, Technology and Research Trust — announced the 39 startups that will benefit from its $1 million Business Continuity Fund. The BCF is an investment vehicle created to help graduated companies from the program […]
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