U.S. Dept. of Justice assigns $8.9M to aid Puerto Rico’s public safety agencies
April 2, 2020
Puerto Rico’s public safety agencies will get nearly $8.9 million from the U.S. Department of Justice, to respond to the challenges posed by the outbreak of COVID-19. The agency will disburse a total of $850 million across the U.S. mainland through its Coronavirus Emergency Supplemental Funding program, authorized by the recent stimulus legislation. It will […]
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Survey: 92% of Puerto Rico businesses won’t be able to make payroll
April 2, 2020
A survey of 450 businesses in Puerto Rico revealed that about 92% of them will be unable to continue making payroll, as the island enters its third week of a sweeping government-mandated lockdown to contain the spread of the COVID-19 virus. Furthermore, 85% of the businesses surveyed do not have a contingency fund, and 59% […]
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Parallel18 to host first ‘Virtual Demo Day’
April 2, 2020
Demo Day, Parallel18’s main event in which companies present their products and services before a panel of judges and investors, will take place April 3rd at 1 p.m., this time in a completely virtual way. The event will be streamed through the Sceenic platform, created by past generation P18 participants. “This generation has too much […]
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AbbVie donates $35M for COVID-19 relief across Europe, U.S., Puerto Rico
April 2, 2020
Research-based global biopharmaceutical company AbbVie announced a $35 million donation to support COVID-19 relief efforts across Europe, the continental United States and Puerto Rico. In the U.S., AbbVie’s funds will be used to support healthcare capacity for hospitals as well as protect vulnerable populations by enabling access to food and essential supplies. In Europe, the donation will […]
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Op-Ed: Heavy-handed corona response impacts future success of Puerto Rico’s Acts 20/22
April 2, 2020
For eight years, Puerto Rico has painted a picture of itself as a welcome refuge in the United States for residents of the 50 states to come do business. Acts 20 and 22 have brilliantly painted that picture and have helped to drive more business, spending, and jobs into the Puerto Rican economy. The only […]
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Liberty Puerto Rico opens access to more channels, content for all customers
April 1, 2020
Liberty Puerto Rico continues to provide customers with open access to some of its most popular channels and services to help get through the extended lockdown on the island. Starting today, all television subscribers will have access to CNN and selected channels from NBCUniversal, plus all of Starz’s and Hallmark’s channels. All Liberty customers currently […]
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Oriental unveils relief program for Puerto Rico businesses clients
April 1, 2020
Looking to support Puerto Rico’s small and medium-sized businesses, financial institution Oriental unveiled another initiative within the “Relief Program for Businesses” for commercial customers that have been economically affected by the coronavirus COVID-19 shutdown. The Relief Program for Businesses includes several loans alternatives, including an option through the U.S. Small Business Administration to cover payroll […]
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T-Mobile completes merger with Sprint; Puerto Rico to have ‘1st-class network’
April 1, 2020
T-Mobile US, Inc. announced today that it has officially completed its merger with Sprint Corporation to create the New T-Mobile, that promises to deliver upgraded networks, better products at lower prices, and greater shareholder value. For Puerto Rico, the merger means the disappearance of a brand that has been in the market for several decades […]
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Consumer Affairs revises rules for condo residents amid COVID-19 curfew
April 1, 2020
The Puerto Rico Department of Consumer Affairs has issued a new set of rules that condominium residents must abide by during the COVID-19 lockdown and curfew, agency Secretary Carmen Salgado confirmed. The new conditions included in Order 2020-010 seek to respond to several complaints filed at the agency known as DACO about “extreme measures” adopted […]
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SBA, U.S. Treasury launch $349B Paycheck Protection Program
April 1, 2020
The U.S. Small Business Administration and the U.S. Department of Treasury announced the start of the $349 billion Paycheck Protection Program, to provide relief to millions of small businesses so they can sustain their businesses and keep their workers employed. “This unprecedented public-private partnership is going to assist small businesses with accessing capital quickly. Our […]
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Destilería Serrallés donates 55K gallons of high-proof alcohol to fight COVID-19
April 1, 2020
Following two weeks of producing and distributing high-proof alcohol as a preventive measure against the spread of the COVID-19 pandemic on the island, Destilería Serrallés, Inc. has donated more than 55,000 gallons of this product to hospitals, clinics, healthcare providers, public safety and security personnel for disinfection and sanitization purposes. “Since Mar. 17, the distillery has processed hundreds of […]
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USDA extends ReConnect application deadline to April 15, defers loan payments
April 1, 2020
The U.S. Department of Agriculture Rural Development announced that the agency has extended the deadline for ReConnect Pilot Program applications to April 15. “In light of the COVID-19 National Emergency, USDA is extending the application deadline for round two of ReConnect Pilot Program funding to give rural businesses, cooperatives, and communities extra time to apply […]
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Starbucks to give Puerto Rico’s emergency workers free coffee on April 4
April 1, 2020
Starbucks stores announced it will be giving a free cup of hot brewed coffee to all of Puerto Rico’s healthcare professionals and first responders on April 4, in appreciation of their work during COVID-19 emergency. “We want to restate the commitment that Starbucks has with the people of Puerto Rico. We know that since day […]
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Puerto Rican FRSH Company sells-out clothing collection online
April 1, 2020
Puerto Rican urban and streetwear clothing retailer FRSH Company recently launched its new “World is melting” collection completely online, selling out its 2,000 pieces in less than 27 minutes. “It was a collection that highlights the importance of redirecting our attention to themes and practices that pursue everybody’s well-being of all,” said Harry Maldonado, founder […]
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Puerto Rico’s self-employed individuals with staff now eligible for up to $1,500 incentive
March 31, 2020
The Department of Economic Development and Commerce and the Treasury Department have reached an agreement so that those people who do business individually and have employees may receive an economic incentive of up to $1,500 — the same as a small and medium-sized company — to compensate for losses related to the COVID-19 emergency. The […]
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