Puerto Rico’s manufacturing PMI increased to 50.4 in May
July 3, 2020
The Purchasing Managers Index (PMI) for Puerto Rico’s manufacturing sector increased to 50.4 in May, indicating an expansion in the manufacturing sector with respect to the previous month. The PRM-PMI is the result of a collaborative project between the Puerto Rico Manufacturers Association and the Puerto Rico Institute of Statistics. The index measures short-run business […]
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Puerto Rico Chamber of Commerce proposes COVID-19 contact tracing guides
July 3, 2020
The Puerto Rico Chamber of Commerce has presented a proposal that lays out recommendations to implement “effective and efficient” COVID-19 contact tracking methods that would replace the manual efforts the island’s government has performed so far. To achieve that, the CofC headed the creation of an advisory group of experts in the areas of health, […]
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Nat’l Science Foundation grants $925K to Impactivo for e-learning tech
July 3, 2020
The National Science Foundation has granted $925,000 in grant funding to Puerto Rican company Impactivo, LLC, through its Small Business Innovation Research program. It is the only grant of its kind the NSF awarded for digital health in Puerto Rico. The company has received funding to develop technology that improves chronic disease management and teamwork […]
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T-Mobile completes divestiture of Boost Mobile to DISH Network
July 3, 2020
T-Mobile announced it has completed the divestiture of Sprint’s prepaid wireless business, Boost Mobile, to DISH Network Corp. The divestiture fulfills a commitment that T-Mobile and Sprint made to the U.S. Department of Justice and to the Federal Communications Commission as part of their merger process. The FCC conditioned its 2019 approval of T-Mobile’s acquisition […]
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Andersen Global partners with BDO to expand to the Caribbean
July 3, 2020
Andersen Global announced it entered into a collaboration agreement with full-service tax firm BDO Tax LLC, to mark its debut in the Caribbean region. Founded in 2000, BDO Tax LLC is led by Managing Partner Gaby Hernández and supported by more than 140 professionals. It provides an array of tax and business advisory services to […]
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Puerto Rico Tourism Co. predicts 37,800 locals will stay at hotels on 4th of July weekend
July 2, 2020
Two days before the 4th of July weekend and a month after the launch of the “Check In Por Tu Isla” marketing initiative, the Puerto Rico Tourism Co. revealed that occupancy rates during the 4-day weekend are expected to reach 46.9% with some 37,884 local residents planning to stay at an agency-endorsed hotel or small […]
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USDA Rural Dev.’t awards 5 Puerto Rico banks for $109M in lending
July 2, 2020
U.S. Department of Agriculture Rural Development office in Puerto Rico announced the recipients of its “Top Lenders Awards” for approving $109 million in home loans. In June, the agency celebrates “Homeownership Month.” In 2020, the partnership between USDA Rural and local lending institutions has led to more than 3,700 families buying homes, said Puerto Rico […]
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Gov. Vázquez urges Puerto Ricans to respond to 2020 Census
July 2, 2020
Puerto Rico Gov. Wanda Vázquez urged Puerto Ricans to respond to the 2020 Census in an effort to increase participation and adequate headcount of residents on the island, where just 22% of residents have responded to the questionnaire. Puerto Rico currently has one of the lowest census response rates in the U.S. amid the coronavirus […]
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Ford Puerto Rico partners with Popular Auto on digital car sales platform
July 2, 2020
Ford Puerto Rico announced it will offer a new alternative for the purchase of its vehicles with financing from Popular Auto, through a digital platform available on its website. This online option offers a “safe and reliable method” for customers to get pre-approval for financing with Popular Auto when purchasing several Ford models, such as EcoSport, Escape, […]
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InterAmerican University of Puerto Rico inaugurates clinical lab
July 2, 2020
The InterAmerican University of Puerto Rico, metro campus, officially opened the doors to its Inter-Metro Clinical Laboratory, which will offer primary and secondary tests for the general public. The facility located near the Cupey campus will perform regular tests such as: CBC; coagulation; bacteriology; routine and special chemistry; immunology/serology; urinalysis; bacteriology; parasitology; COVID-19 for serology […]
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P.E.C.E.S. youth initiative graduates 20 future entrepreneurs
July 2, 2020
Twenty young people from Puerto Rico’s eastern region are entering the business world after participating in an initiative of the Community Dedication and Service Education Program (P.E.C.E.S., in Spanish) in collaboration with the MCS Foundation that combines education and a seed fund for their projects. The young people are students and graduates of the P.E.C.E.S. […]
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FEMA destines $108M+ for 182 recovery projects in Puerto Rico
July 1, 2020
The Federal Emergency Management Agency and Puerto Rico’s Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the approval of more than $108 million for 182 projects across the island. Several municipalities will benefit, including Aguas Buenas, Culebra and Aibonito, with grant approvals for 153 permanent work projects that were awarded June 19-25, the […]
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Gov’t lays out security measures at Puerto Rico airports to curb spread of COVID-19
July 1, 2020
Starting July 15, all passengers arriving at Puerto Rico airports will be required to wear a face mask or covering while in the facilities, provide proof that they have tested negative for COVID-19, or in the absence of that, self-isolate for 14 days. Executive Order 2020-052 also calls for passengers to fill out an information […]
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Oversight Board certifies fiscal plans for PRIDCO, COSSEC, 10 towns
July 1, 2020
The Financial Oversight and Management Board for Puerto Rico announced that it certified the Fiscal Plans for the Puerto Rico Industrial Development Company (PRIDCO, in Spanish) the Public Corporation for Supervision and Insurance of Cooperatives (COSSEC, in Spanish) and 10 towns. “Both institutions are important contributors to Puerto Rico’s recovery and economic development,” said the […]
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$500K earmarked to aid Puerto Rico farmers affected by dry spell
July 1, 2020
The Puerto Rico Agriculture Department has earmarked $500,000 to provide vouchers to 260 farmers to help them cover additional expenses brought on by the drought. The incentive will cover the agricultural regions of Caguas, Ponce and San Germán — which cover 15 towns combined — specifically for the purchase of maintenance feed (known as bulky) […]
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