Foundation for Puerto Rico presents ‘Stay Open. Stay Safe’ talk series
June 3, 2020
Foundation for Puerto Rico is launching a series of virtual conversations named “Stay Open. Stay Safe,” which will focus on the reopening of the island as a destination and with the participation of experts in the visitor economy. This series of weekly talks comes from the proposal that the nonprofit recently presented, in which it […]
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Free online relaxation event planned for professional women
June 3, 2020
Aware of all the challenges that professional women face as a result changes in the workplace, SHINE Professional Women will host the “SHINE Professional Women Detox” free online session to promote relaxation and conversation. The initiative, which will take place on the Zoom platform, is slated for June 6 at 11 a.m., will bring together […]
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Urban Edge Properties closes $119M debt refinancing at The Outlets at Montehiedra
June 2, 2020
Urban Edge Properties announced it has completed the refinancing of its $119 million mortgage loan at The Outlets at Montehiedra in San Juan. The existing commercial real estate loan was due to mature in July 2021 and consisted of an $83 million senior note bearing interest at 5.33% and a $36 million junior note, including […]
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Food Bank of Puerto Rico, partners distribute $1M in food, vouchers, gift cards
June 2, 2020
In the face of the food emergency associated with the COVID-19 pandemic, the Food Bank of Puerto Rico and a number of heavy-hitting partners have destined a combined $1 million in vouchers, certificates and gift cards to needy sectors to buy food in certain establishments, the nonprofit announced. The initiative is possible through alliances with […]
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Ports Authority resumes resurfacing in Puerto Nuevo Port Area
June 2, 2020
The Puerto Rico Ports Authority resumed the repavement of critical areas on Avenida C in the Puerto Nuevo Port Zone, agency Acting Executive Director Joel A. Pizá-Batiz announced. The resurfacing works represent an investment of $352,865 and had been temporarily interrupted in March due to the COVID-19 global pandemic, and should be completed in two […]
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Gov’t authorizes $49M in aid to private hospitals for COVID-19 expenses
June 1, 2020
The government has authorized $49.5 million in funding to assist Puerto Rico’s private hospitals reimburse expenses related to the COVID-19 emergency. Gov. Wanda Vázquez said the funding comes from the Private Hospital Assistance Program, included in the Strategic Disbursement Plan under the CARES Act. “We recognize the challenges that our hospital institutions have had due […]
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Dept. of Transportation unveils initiative for emergency license, ID renewals
June 1, 2020
The Department of Transportation and Public Works (DTOP, in Spanish) announced an initiative to help residents who need current documents for emergency travel, medical treatments, vehicle exports, among others, during the shutdown of the government’s Driver Service Centers (CESCO, in Spanish). The special procedure will allow CESCO staff, “who have been provided with the necessary […]
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Labor Dept. moves jobless benefits ‘drive-up’ service to Convention Center
June 1, 2020
Starting today, the Puerto Rico Labor Department is moving its “drive-up” unemployment benefits document drop-off service to the Puerto Rico Convention Center in the Miramar sector of San Juan, agency Secretary Briseida Torres said. “Given the reopening of business activity and the need to provide a more efficient service to applicants, we decided to move […]
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Impactivo, Day Health Strategies partner to support healthcare providers
June 1, 2020
Impactivo and Day Health Strategies (DHS) have joined efforts to assist the nation’s primary healthcare providers and enable them to move forward in a world changed by COVID-19. The consultancies have partnered with researchers and practitioners nationwide to inform their newly launched “at-home healthcare solution” in the recently released white paper entitled, “Primary Care Transformation […]
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Vimenti grants special $100 incentive to its participating families
June 1, 2020
Looking to help mitigate the economic effects that the COVID-19-related quarantine has caused, Vimenti by Boys & Girls Clubs of Puerto Rico provided the families of the project with an economic incentive of $100. The aid was delivered at Vimenti School along with the lunch that the project provides to their families twice a week, […]
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Economic impact of COVID-19 virus in Puerto Rico revised upward
May 29, 2020
The direct impact of the COVID-19 emergency on Puerto Rico’s economy has been revised upward to $9.7 billion, from an initial $6.9 billion, economic analysis firm Estudios Técnicos revealed. The 40.5% increase responds to an update of the parameters associated with the lockdown period and the month-equivalent magnitude of the initial impacts, the firm said. […]
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SBA, Treasury Department announce $10B for CDFIs to participate in PPP
May 29, 2020
The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program to be lent exclusively by Community Development Financial Institutions (CDFIs). CDFIs work to expand economic opportunity in low-income communities by providing access to financial products and […]
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Emergency communications systems, P.R. Police get $1.6M from FEMA
May 29, 2020
Communications systems used to handle emergencies on the island as well as several Puerto Rico Police buildings will benefit from more than $1.6 million in grants awarded under the Federal Emergency Management Agency’s Public Assistance program, the agency announced. The funds will help those in uniform to continue providing vital safety services to communities, it […]
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Heineken commits $500K to drive reopening of small businesses affected by lockdown
May 29, 2020
Heineken announced an initiative with which it has committed to invest $500,000 to support small local cold consumption businesses affected by the lockdown of businesses due to the COVID-19 pandemic in Puerto Rico. Through the “Heineken Invita” initiative, the gradual reopening of local establishments will be promoted, offering them resources that include product and promotional […]
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Lemonade Day Puerto Rico announces free virtual summer program
May 29, 2020
Lemonade Day Puerto Rico, a business education program that teaches young people how to plan and operate their own businesses, announced its virtual business education program for this summer, the Lemonade 2020 Virtual Summer. The summer program will offer enrolled children and family access to ten virtual workshops and online videos that support the lessons […]
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