Gov’t selling another property, World Plaza Building in Hato Rey, for $28M
February 28, 2019
The iconic 22-story World Plaza building in Hato Rey is up for sale, with an initial asking price of $28 million, this media outlet confirmed. The property belongs to the Infrastructure Financing Authority, a government entity that picked up the asset from the Federal Deposit Insurance Co. in 2014, four years after former owner Westernbank […]
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Op-Ed: The burden of the Jones Act
February 28, 2019
Our firm, Advantage Business Consulting, just concluded a study on the impact of the Jones Act on Puerto Rico that is much better than the two studies commissioned by the Jones Act Carriers (JACs) or even the one prepared by the General Accounting Office (GAO). It is not that we are geniuses at Advantage. It […]
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P.R. Funders Network analyzes role of philanthropy in island’s recovery
February 28, 2019
The philanthropic response to Puerto Rico’s devastation after Hurricanes Irma and María in September 2017 generated an incalculable amount of private aid and the “coming together” of new and existing nonprofits to help in the island’s ongoing recovery. The subject is discussed in detail in the “Philanthropy and Puerto Rico after Hurricane María: How a […]
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Cisco Systems to invest $130M to drive tech, network projects in P.R.
February 27, 2019
Information systems and internet company Cisco Systems announced at the Mobile World Congress 2019 held in Barcelona that Puerto Rico is among the three jurisdictions selected in the Americas to advance transformation and technological acceleration projects. Telecommunications Bureau President Sandra Torres and Chief of Staff Ricardo Llerandi were present during the announcement during the congress. […]
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González announces $95M in federal funds for child care, science, disaster recovery
February 27, 2019
Puerto Rico Resident Commissioner in Washington, Jenniffer González, announced the allocation of $95.3 million in federal funds from the Department of Health and Human Services for child care services and health services, and from the National Science Foundation for Research and the Agency Federal Emergency Management System for recovery expenses. The Office of Head Start of […]
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Xavira Neggers-Crescioni, friend, colleague, incisive journalist, passes away
February 27, 2019
By Michelle Kantrow-Vázquez Xavira Neggers-Crescioni, who had nearly three decades of experience as a business reporter in Puerto Rico,passed away over the weekend. She was 51. Her unexpected death has left her friends and colleagues with heavy hearts. On a personal level, aside from being one of the most incisive reporters I’ve known, Xavira was […]
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General Contractors of America, Ana G. Méndez University System partner to train construction workers
February 27, 2019
The Puerto Rico Chapter of the Association of General Contractors of América (AGC-PR) and the Ana G. Méndez University (UAGM) announced the signing of a collaboration agreement to develop academic programs to train and educate qualified construction workers to participate in the reconstruction and modernization of housing projects and infrastructure that are being carried out […]
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Revitalize P.R.: Island’s disproportionate Medicaid funding is unfair
February 26, 2019
Federal Medicaid funding has a critical role in providing affordable health care to the people of Puerto Rico, especially as the island works towards a sustainable recovery. But the vast difference in how Medicaid funding is calculated for Puerto Rico versus the 50 states is unfair, hurts more than a million American citizens, and prevents […]
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Nonprofits seek to give northeast P.R. residents business development opportunities
February 26, 2019
Citizens residing in the northeast area of Puerto Rico who wish to develop a business idea will have the opportunity to participate in a business incubation program free of charge, as part of an initiative driven by several local nonprofits. The program consists of three cycles — pre-incubation, incubation and certification — begins on Mar. […]
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Op-Ed: PREPA privatization plan overlooks unionized workers as best asset
February 26, 2019
Puerto Rico’s Senate and House of Representatives are finalizing an energy policy bill that amends the existing privatization plan for the Puerto Rico Electric Power Authority. One of the remaining issues is whether to require future private utility owners to honor existing PREPA collective bargaining agreements with labor unions. The legislature should protect these agreements. […]
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Mampostea’o named merit winner in HOW International Design Awards
February 26, 2019
“Chef Piñeiro – Cocina de Autor,” a project developed by Mampostea’o, was chosen as one of 226 award-winning designs in the most recent HOW International Design Awards, the company announced. This competition sponsored by HOW magazine recognizes excellence on a global scale — and every year honors entries from all over the world. Each year, […]
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Dominican Republic shoe retailer EGO opens 1st store in P.R.
February 25, 2019
EGO, a footwear chain based in the Dominican Republic, has opened its first store in Puerto Rico, at the Plaza Las Américas shopping center in Hato Rey. In an exclusive interview with this media outlet, EGO co-Partner Luis Torres, said the new 2,300 square-foot store entailed a $100,000 investment and is the first of four […]
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González urges those affected by Hurricane María to seek current SBA grants
February 25, 2019
Puerto Rico Resident Commissioner Jenniffer González encouraged those affected by hurricane Maria who have not requested assistance yet from the Small Business Administration (SBA) to do so, as the agency continues accepting late applications under certain requirements. Individuals may apply for assistance by calling the SBA offices in Puerto Rico or the FEMA Community Resource […]
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CNE holds seminar for journalists as preamble to ‘Black Start: Future of Energy Summit’
February 25, 2019
Journalists from different media outlets in Puerto Rico participated in a seminar hosted by the Center for a New Economy (CNE) on the concepts and changing language used in the media coverage of the energy sector. The activity was designed in response to the abundant media coverage on the direction of the transition of the […]
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Crowley christens MV TAINO container ship in San Juan
February 25, 2019
Crowley Maritime Corp. christened the U.S.-flag combination container/roll on-roll off (ConRo) ship MV Taíno in San Juan, marking the first time such a ceremony is celebrated locally in recent history. “We are thrilled to christen this magnificent new ship here with our employees, customers and people of Puerto Rico, whom she will serve for many years to come,” […]
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