The HOPE NOW Alliance, in conjunction with KMart, are hosting a free Homeownership Recovery Center to help homeowners impacted by Hurricane María and “are feeling frustrated with the recovery process.”
The Puerto Rico Community Foundation (PRCF), Oxfam America, and Bosque Modelo have joined to launch a project to strengthen approximately 10 rural community aqueducts in the island’s central area that were affected by Hurricanes Irma and María in 2017.
The Puerto Rico Builders Association called upon the three branches of government and the Financial Oversight and Management Board for Puerto Rico to reach agreements to make the island return to the path of economic and fiscal recovery.
The law that Puerto Rico enacted last month to privatize the Puerto Rico Electric Power Authority has many flaws, including labor protections that are too weak, an unnecessary restructuring of the Puerto Rico Energy Commission and a lack of commitment to strong energy planning, the Institute for Energy Economics and Financial Analysis affirmed.
The demolition of the former Conservatory of Music in Hato Rey has begun, paving the way for what will be the $45.5 million Cronos Office Center, a multi-tower, multi-level commercial complex, government officials confirmed.
While Puerto Rico needs to jumpstart its job market and create new sources of employment, the Financial Oversight and Management Board for Puerto Rico’s proposal to align the island’s labor landscape with that of the U.S. mainland “misses critical points of the [island’s] very particular economy.”
As a precautionary measure due to the shortage of foods and supplies thanks in large part to Hurricane María on the island, large chain supermarkets, Econo and Selectos have opted to be better prepared for the upcoming hurricane, set to affect Puerto Rico as soon as this Monday.
America Cruise Ferries, the company that connects Puerto Rico and the Dominican Republic by sea, has signed a letter of intent with the Puerto Rico Ports Authority to invest some $15 million to redevelop Piers 15 and 16 at the San Juan port.
Nearly five months after announcing its intention to buy Wells Fargo’s auto lending business in Puerto Rico — which does business as Reliable Auto — Popular Inc. confirmed it has completed the regulatory clearance process needed to close the deal.
U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Puerto Rico Trade and Export Company.
Veteran traveler and investor Keith St. Clair formally announced his plans for the first phase of what will become the Puerto Rico Film District that is set to be completed as early as December 2019 behind the Puerto Rico Convention Center.
The Ángel Ramos Foundation will award $300,000 in grants, split equally among six Puerto Rico nonprofits that went above and beyond their duties to help communities after Hurricanes Irma and María.
With the goal of continuing to provide solutions in service and variety of products, Packers Provision has expanded operations to incorporate a new fresh produce division, Packers Fresh Solutions.
The 7th annual “Caguas Compite” business incubation program concluded with a graduation rate of 85 percent, one the highest percentiles since the initiative began in 2012, town officials confirmed.
The Arecibo Credit Union has invested some $1.5 million in a new technology platform that will add new services, improve customer experience, streamline banking transactions and provide new protections to customer data to make it safer, company President William Méndez-Pagán said. The migration of operations to the new platform will be completed by July 3, […]
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