Airbnb has collected, paid $16.8M+ in occupancy tax in Puerto Rico in 3 years
October 8, 2020
Short-term rental platform Airbnb announced that from Aug. 1, 2017 to Aug. 31, 2020 it has collected a total of $16.8 million from the 7% hotel room occupancy tax and remitted the money to the Puerto Rico government. In 2017, Airbnb established an agreement with the Puerto Rico Tourism Co. to formalize short-term rentals and […]
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FEMA assigns nearly $49M for University of Puerto Rico upgrades
October 8, 2020
During September, the Federal Emergency Management Agency approved $48.7 million in additional federal grants for 12 projects to repair several campuses of the University of Puerto Rico, the agency confirmed. “More than a contribution to strengthen the infrastructure of the UPR, this investment will help future generations benefit from resilient facilities within the Island’s public university system. It is […]
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USDA assigns $1.9M for distance learning, telemedicine projects in Puerto Rico
October 8, 2020
Puerto Rico has been awarded nearly $1.9 million for two projects — the Puerto Rico Science, Technology and Research Trust and the Migrant Health Center Western Region Inc. — that will provide enhanced access to telemedicine and online education to rural communities. The funding comes from the U.S. Department of Agriculture’s Distance Learning and Telemedicine (DLT) […]
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Cidrines pastry and bread manufacturer invests $3M to boost exports
October 8, 2020
Cidrines, a Puerto Rican company founded in 1978 known for its sweet ‘sobao’ bread and pastries, is investing $3 million to expand its manufacturing plant in the Zeno Gandía industrial park in Arecibo to increase its exports, company and government officials announced. The investment will cover the hiring of 50 employees over the next 36 […]
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Boston Scientific launches program to support Puerto Rico’s entrepreneurs
October 8, 2020
Boston Scientific has partnered with The Growth Coach Puerto Rico to create a program to support local entrepreneurs called the Strategic Business Owner Program that seeks to give entrepreneurs the chance to learn and implement strategies to expand their businesses. Furthermore, the program seeks to help participants gain access to tools “to optimize their companies, […]
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EXIM Bank brainstorms with local officials to boost Puerto Rico exports
October 8, 2020
U.S. Export-Import Bank (EXIM) Chairman Kimberly A. Reed met with a delegation from Puerto Rico to discuss how the entity can help more Puerto Rican businesses export their “Made in the USA” products around the world. Economic Development and Commerce Secretary Manuel Laboy headed the local delegation that included Puerto Rico Ports Authority Executive Director […]
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Puerto Rico Prosthetics unveils island’s 1st prosthesis-making robot
October 8, 2020
Puerto Rico Prosthetics, a Puerto Rican company with more than 25 years of experience in the manufacture of high-tech orthotics and prostheses with specialized services, announced the acquisition of the first robot in Puerto Rico capable of making prostheses in real-time. The patient will be able to leave with their prosthesis on the same day, […]
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Liberty, ICE reinforce partnership on cybersecurity awareness during pandemic
October 8, 2020
Liberty Puerto Rico is reinforcing its partnership with the U.S. Immigration & Customs Enforcement’s (ICE) Child Exploitation Investigative Unit to raise awareness of the need for cybersecurity education during the COVID-19 pandemic due to higher risks of solicitation and cyberbullying through social media. To achieve this goal, Liberty Puerto Rico will continue to feature a […]
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6 towns get go-ahead to use $19M in community disaster loan funds
October 7, 2020
Six towns affected by the earthquakes that rattled Puerto Rico in January recently got the go-ahead from the Federal Emergency Management Agency to tap into a combined $19 million in Community Disaster Loans (CDL) to rebuild. Guayanilla, Mayagüez, Ponce, Salinas, Santa Isabel and Villalba will be able to tap into the operational funds meant to […]
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Fairmont El San Juan hotel names new GM, plans to upgrade property
October 7, 2020
The Fairmont El San Juan hotel has named Kelley Cosgrove as general manager of the Isla Verde property, which is also in line to undergo a round of renovations, this media outlet confirmed. Cosgrove, who brings with her 33 years of experience with the chain in properties in Canada, Dubai, Hawaii and California, has been […]
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Partnership kicks off Puerto Rico 5G Zone initiative
October 7, 2020
Celeres Capital, an investment and advisory firm based in San Juan, announced that Puerto Rico has secured a leadership role in communication technology with the launching of the 5G Zone initiative. The project is primed to enable companies, government entities, and academia to test applications and develop new uses for 5G networks, securing Puerto Rico’s future […]
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Experts offer tips to keep cyber fraud under control
October 7, 2020
October is Cybersecurity Awareness Month, an effort launched through a collaboration between the U.S. Department of Homeland Security and the National Cyber Security Alliance in October 2004. This year’s theme is “Do Your Part. #BeCyberSmart,” helping to empower individuals and organizations to own their role in protecting their part of cyberspace, the entities said. To […]
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EPA awards $1.1M grant to UPR to reduce air pollution in San Juan
October 7, 2020
The U.S. Environmental Protection Agency announced the selection of the University of Puerto Rico to receive $1.1 million in funding for its project to reduce diesel emissions in San Juan, Puerto Rico by replacing short-haul trucks at the Port of San Juan and older school buses. The UPR’s grant will be used to replace 11 […]
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Bankers Assoc. to host virtual community economic development workshop
October 7, 2020
As part of the educational initiatives to train community organizations and businesses on the island, the Puerto Rico Bankers Association’s Community Reinvestment Committee will host the Community Economic Development workshop Oct. 7-8, from 2 p.m. to 4 p.m. on the Zoom platform. Invited speakers Anabel Rodríguez, CEO of the Ibero-American Observatory for Sustainability and Circular […]
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SBP Puerto Rico has helped 110 families rebuild after Hurricane María
October 7, 2020
In the three years since arriving to Puerto Rico, nonprofit organization SBP and its volunteers continue to rebuild the island after the damage inflicted by Hurricane María. “So far the organization has been able to help more than 110 Puerto Rican families who lost their homes after the impact of María, but we’re aware that […]
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