Pact calls for restoration of telecom services 1-6 days after an emergency
June 11, 2019
The Puerto Rico Telecommunications Bureau and the Puerto Rico Electric Power Authority signed an agreement through which they will work with service providers to expedite the restoration of services in the wake of an emergency. The agreement establishes a mechanism that assigns priority levels to energizing critical telecommunications facilities divided into three timeframes — between […]
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Oriental grants $2.8M loan to Evinmotors
June 11, 2019
In keeping with its commitment to small businesses, Oriental granted a loan of some $2.8 million to Evinmotors, for the purchase of a commercial property that will become its new headquarters. The loan was granted under the Small Business Administration’s 504 program, jointly with the Marketing Small Business Finance Corp. Evinmotors is a company dedicated […]
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Several P.R. nonprofits, airline, hotel appoint new execs
June 11, 2019
In this edition of “Climbing the Corporate Ladder,” the list includes new executive appointments at several Puerto Rico-based nonprofit organizations, an airline and a hotel. Liberty Foundation names new executive directorThe Board of Directors of Liberty Foundation announced the appointment of Yadira Valdivia as executive director, with the principal objective of expanding the foundation’s reach […]
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Ascend Hospice enters P.R. market through acquisition of Grace Hospice
June 11, 2019
Ascend Hospice, a hospice and palliative care provider with offices in seven states, is extending its services into and across Puerto Rico with the acquisition of Grace Hospice, based in San Juan. The financial terms of the agreement were not disclosed. “Ascend Hospice is dedicated to providing innovative, quality hospice and palliative care to the […]
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Lin-Manuel Miranda invites tourists to visit P.R in 8-episode video series
June 11, 2019
Actor, songwriter and lyricist Lin-Manuel Miranda, the Puerto Rico Tourism Co. and Discover Puerto Rico, released the complete series of short videos for the Internet entitled “Discover Puerto Rico with Lin-Manuel,” in which he invites people to visit the island. The eight-episode series focuses on Puerto Rico as a world-class artistic, cultural and gastronomic destination, […]
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Rosselló proposes $9.6B budget, $500M higher than Oversight Board
June 10, 2019
Gov. Ricardo Rosselló will present a $9.6 billion budget for Fiscal 2020 to the Legislature that defies the Financial Oversight and Management Board for Puerto Rico’s proposal, which is $500 million lower. During his Budget Address delivered in Ponce, Rosselló said the budget is “based on a new methodology, in which results can be measured […]
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The hidden reason for lack of insurance payments after Hurricane María
June 10, 2019
By Miguel Díaz-RománCenter for Investigative Journalism The ongoing nightmare of thousands of policyholders whose claims after Hurricane María have not been paid, or whose payment was not enough to cover the losses, could have been avoided if the island’s Catastrophic Reserve had not been reduced by amendments promoted by insurance companies with the consent of […]
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Access to data, security vital to remote workforce
June 10, 2019
From emails, videoconference calls to immediate access to data, remote work through multiple devices and mobile applications is part of the daily routine of today’s workforce. According to a recent report, the global mobile workforce will increase to 1.87 trillion people by 2022, which represents 42.5% of the global workforce. While the virtual digital office […]
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Fortiflex transfers production line to ALPLA plant in Guayama
June 10, 2019
Fortiflex Inc. announced it will move its entire production line to ALPLA Caribe’s plant in Guayama, after a strategic alliance reached after Hurricane María struck will now lead to a 10-year agreement, company officials said. Fortiflex Inc. was founded in 1976 and is known in the Caribbean and in Central America for a product portfolio […]
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Connect 2021 conference to gather 3,500 attendees in P.R.
June 10, 2019
Connect 2021 will be held in Puerto Rico, bringing together more than 3,500 planners, suppliers and other industry leaders for three days of networking, face-to-face meetings, education, receptions and more. Also, it is expected to generate approximately 10,000 room nights on the island, organizers said. “We’re thrilled to host Connect 2021 and have the opportunity […]
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New head of PRMA wants to ‘insert manufacturing back into gov’t discussion’
June 6, 2019
Although he has been in his new post as president of the Puerto Rico Manufacturers Association for less than a week, Carlos Rodríguez already has a number of goals he wants to accomplish during his tenure. First on the list is re-inserting the manufacturing sector in the government discussion. “There was a time when we […]
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Vieques Air Link invests $800K to expand flights to St. Thomas by year’s end
June 6, 2019
Local airline Vieques Air Link, which has been connecting Puerto Rico to the island municipalities of Vieques and Culebra for 10 years, will begin flying to St. Thomas for the first time starting later this year. Carlos Rodríguez, president of the company, confirmed that two new Cessna 402 aircraft were purchased for $800,000 in preparation […]
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Town of Naranjito to receive $300K EPA Brownfields Assessment Grant
June 6, 2019
The U.S. Environmental Protection Agency selected 149 communities across the country including the Municipality of Naranjito to receive funding for brownfield site revitalization to help local governments redevelop vacant and unused properties, transforming communities and local economies. The mountain town will receive a $300,000 Brownfields Assessment Grant to assess sites for hazardous substances and petroleum […]
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Gasoline retailers to take battle against Costco gas station to P.R. Supreme Court
June 6, 2019
The years-long battle the local Gasoline Retailers Association has waged against the permit process allowing Costco Wholesale to build a station in Carolina took a new turn Wednesday, when the trade group said it will scale its complaint to the Puerto Rico Supreme Court. Costco first applied for a permit to build a gas station […]
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Op-Ed: Hurricane season is here. Are you ready?
June 6, 2019
The 2019 Atlantic hurricane season began June 1. With natural disasters and extreme weather on the rise, it’s critical to be prepared and ready to respond. That’s why Eli Lilly and Company and two disaster relief organizations — Healthcare Ready and Direct Relief — are working to help people prepare for disasters and ensure medicines […]
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