Puerto Rico Farm Credit confirmed it will be offering local farmers affected by the COVID-19 emergency options to get financial assistance available through the U.S. Small Business Administration’s Paycheck Protection Program. The SBA has selected a number of financial institutions in Puerto Rico to help the different sectors. The program offers employers a loan to […]
Puerto Rico’s current situation, albeit unfortunate, will bring more opportunities “find niches of economic growth and development” in the medium and longer term. But in the near-term, the island will continue to drag economic challenges present before the COVID-19 emergency. So predicts H. Calero Consulting Group Inc. in its latest edition of its in-house “Economic […]
Entrepreneurial brothers Jonathan and Joel Cotto, owners of the technology and marketing company Twins Theory based in San Juan, announced they will be selecting two small businesses to develop their online sales platforms for free. “In this time of crisis that the world is experiencing, we should all think about how we can help those […]
Puerto Rican firm PowerSports announced that starting this week it will begin to supply large-scale personal protective equipment and other products related to the COVID-19 emergency, to help meet the needs of the private sector, the health industry and government. “We’ve seen there’s a great need for this type of product for the protection of […]
Startup accelerator Gener8tor, in a collaborative effort with the Titín Foundation and Causa Local, unveiled an initiative to support small local businesses and nonprofits affected by COVID-19. For a week, small business owners, startups, freelancers and nonprofit institutions will be able to access, free of charge, webinars to guide them in identifying opportunities and available […]
The Puerto Rico Treasury Department is waiting on its federal counterpart to issue the guidelines to cut $1,200 checks to eligible island residents as part of the CARES Act. However, the agency announced that it is considering advancing the disbursements after the Financial Oversight and Management Board for Puerto Rico approved the local government’s request […]
Passenger flow from the areas of largest spread of the virus in the United States has dropped but has not stopped. Those areas also have the highest concentrations of Puerto Rican residing there. That is coupled with the fact that island airports did not take preventive health measures for weeks and tracing people who were […]
Stressing that the COVID-10 pandemic has put the spotlight on the importance of the manufacture of medicines, products and medical devices to guarantee the health of citizens, the Alliance for the Economic Development of Puerto Rico launched a campaign to support the return of pharmaceutical and health-related products to the United States. The private sector […]
The quarantine in place to contain the spread of the COVID-19 virus in Puerto Rico has left many community and nonprofit organizations with a limited ability to offer social services — which are essential for the island’s vulnerable populations. To remedy that, Puerto Rican company Propulsa, LLC has created Sociants, a free digital platform that […]
Puerto Rico-based nonprofit Open Spaces warned Monday that the “corruption virus” incubates in emergency situations such as the COVID-19 pandemic and proposed a series of measures to Gov. Wanda Vázquez and Health Secretary Lorenzo González, as recent cases have come to light about shady government purchases or questions about their delivery. In a letter, Open […]
Suddenly, Zoom meetings are as ubiquitous as your morning coffee. Beyond that, now hanging out with friends staring at your computer, virtual parties, concerts and tours are in our new everyday lives during the COVID-19 pandemic. Suddenly we’re living in a dystopian world that still seems as far-fetched as when we watched movies like “Contagion.” […]
Fundación MAPFRE announced it will donate some $650,000 to Puerto Rico, for the acquisition of respirators, medical equipment and sanitary protection to address the emergency generated by the spread of the coronavirus COVID-19. The money will be used to buy and distribute masks and medical supplies to hospitals and social entities in need, and to […]
The Caguas municipal government announced the availability of funds for emergency loans to the town’s small businesses, said Central Eastern Development Bank Executive Director Adrián Muñiz-Mariani. The entity known as BADECO for its initials in Spanish will be responsible for granting commercial emergency loans to city business owners, as part of a series of municipal […]
Puerto Rico Gov. Wanda Vázquez announced tighter conditions on the lockdown and curfew in place during Holy Week that starts today. The measures include ordering the closure of most businesses on the island on Good Friday, Saturday and Easter Sunday. Only drugstores will be open for prescription pick-up and gas stations may remain open to […]
Banco Popular announced the approval and disbursement of the first loans granted by the institution under the Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security Act (CARES). The program went into effect on April 3 and will run through June 30. On Friday, Popular approved some $2.6 million in loans and, […]
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