U.S. Secretary of Agriculture Sonny Perdue today announced that the agency is making available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the coronavirus pandemic. Additionally, agricultural producers that are not eligible for USDA Farm Service Agency loans may receive funding under USDA Business & Industry […]
Colmena66, a program of the Puerto Rico Science, Technology and Research Trust, shared the results of its “Levanta tu Negocio Puerto Rico” survey, which among other things, revealed that 86% of participating businesses lack a contingency fund for unforeseen situations. The survey began on Mar. 20 and during the first five weeks, 625 responses were […]
The Puerto Rico Institute of Statistics and the Puerto Rico League of Cities signed a collaboration agreement to share efforts and resources to increase knowledge and understanding among municipal employees on statistical methodologies, data use and management. The League of Cities — represented by Executive Director Cristina M. Miranda-Palacios — is a nonprofit that unites […]
At a time when the workforce is undergoing great changes and facing new challenges, a new report by professional services company Aon unveiled the current state of Puerto Rico’s benefits strategies and programs. The Puerto Rico Benefits Outlook 2019: Redefining Benefits study surveyed 85 organizations from several business sectors and sizes participated, such as: manufacturing; […]
The Puerto Rico Treasury Department has begun the second phase of the Economic Impact plan, which calls for sending $1,200 to taxpayers who filed their 2018 returns. Those deposits follow the disbursements to taxpayers who filed their returns for 2019, and provided their banking information to the agency. On Tuesday, the agency disbursed nearly $48 […]
A survey conducted by nonprofit Mentes Puertorriqueñas en Acción of 535 Puerto Rico college students confirmed many of them have experienced a financial blow from the COVID-19 pandemic and curfew. The data shows that more than two thirds of the students have seen a reduction in their income. A number of them students were unemployed, […]
A group of 13 students from the Nuestra Señora del Carmen School in Río Piedras won first place in the British English Olympics world-class competition, the BEO Challenge, after competing against another 40 schools from around the world, Sacred Heart University announced. This competition, sponsored by the Oxford International Education Group, fosters academic excellence by […]
In an effort to learn how the COVID-19 crisis affected its membership, the Puerto Rico Chamber of Commerce and Inteligencia Económica have launched an initiative to measure the effects of the economic crisis created by the pandemic and the government-mandated curfew. Several economists have estimated the effect of the pandemic on the Puerto Rican economy […]
The economic crisis Puerto Rico is facing while in the grip of the COVID-19 pandemic requires forceful action on the part of the government and Financial Oversight and Management Board for Puerto Rico, according to nonprofit Espacios Abiertos. “When we analyze the international context and Puerto Rico’s situation in light of the economic projections contained […]
U.S. Department of Housing and Urban Development Secretary Ben Carson announced the assignment of $241,205 to Puerto Rico, as part of nearly $77 million nationwide in a fourth wave of CARES Act funding supporting up to 8,300 additional vouchers. Funding for the island will benefit the Puerto Rico Public Housing Administration ($140,143), the Municipality of […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the disbursement of more than $37 million in additional funds for 121 projects approved between May 8-14. As social distancing measures continue to safeguard residents, FEMA and COR3 remain focused on prioritizing obligations of funds to municipalities for […]
The global auto industry is facing an economic context that will affect sales processes and customer relations for years to come, according to a study by San Juan-based research firm Abexus Analytics. That trend will be no different in Puerto Rico, where new car sales have plummeted by 96% since the island went into lock-down […]
With less than two weeks to go before the next hurricane season, we must inevitably ask ourselves, are we ready to cope with the continuing consequences of Hurricane María, the challenges of the recent earthquakes in the South, a pandemic, and the possible impact of a hurricane in the coming months? Strong emotions can surface […]
The U.S. Environmental Protection Agency Region 2 is awarding a $1.4 million Diesel Emissions Reduction Act grant to the University of Puerto Rico’s Medical Sciences Campus to replace 15 old heavy duty drayage trucks, the agency announced. The university will also develop seminars for diesel vehicle owners and the general public in Puerto Rico to […]
Nonprofit organization More than Baseball is launching a fundraising project with the Food Bank of Puerto Rico to help minor league players and provide food to communities affected by the COVID-19 crisis in Puerto Rico. The initiative will run May 15-31 and 25% of the proceeds will be donated to the Food Bank. More than […]
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