Before Hurricane María, if Puerto Rico were to pay off its debt without completely choking off economic and social development, it needed a total cancellation of the interest on the public debt and a reduction in the principal of approximately 45 percent to 90 percent. Now, in the wake of the storm, the debt relief needed is much greater.
Given the impact on Puerto Rico’s economy from the onslaught of Hurricanes Irma and María, the collapse of the island’s power system and the changes to the U.S. tax code and its local effect, the Puerto Rico Manufacturers Association is urging the Financial Oversight and Management Board to reconsider its role and objectives.
The Georgia Institute of Technology will offer more than 2,000 square feet of office space — for a four-month period beginning in February 2018 — to entrepreneurs and innovators from Puerto Rico, who are still reeling from the devastating effects of Hurricane María, the university announced.
Earlier this month, we updated on the Food and Drug Administration’s efforts to mitigate ongoing IV saline shortages that resulted from, or were worsened by, the devastating impact of Hurricane María in Puerto Rico. We also provided some additional updates related to our continued efforts to help the island fully recover from this disaster.
Bayada Home Health Care, a company dedicated to providing nursing, rehabilitative, therapeutic, hospice, habilitation, primary care and assistive care services to children, adults, and seniors throughout the United States at home, is recruiting health care nurses in Puerto Rico to relocate to Minnesota.
As part of its commitment to continue to educate, nonprofit organization, Techno Inventors announced it will be offering several free courses that seek to integrate children, young people and adults with new technology trends.
The mass exodus of Puerto Ricans to the U.S. mainland are already having an impact on federal health system funding and will surely influence the upcoming electoral cycle, according to a report published by San Juan-based Impactivo Consulting.
With an investment of $2 million and the creation of 170 jobs, the first Red Lobster restaurant in Puerto Rico will open for business today at the Plaza Las Américas mall in Hato Rey, company officials announced.
The Federal Emergency Management Agency (FEMA) is asking for a small business in Puerto Rico to provide transportation services between the San Juan Convention Center and a Joint Field Office.
In the face of the new reality Puerto Rico is facing, the Puerto Rico Public Relations Professionals Assocition will hold its annual convention, "A new reality. A new beginning," Jan. 26-27, at the San Juan Marriott Resort & Stellaris Casino in San Juan.
The Commonwealth of Puerto Rico's second delay in submitting its revised fiscal plan to the Financial Oversight and Management Board for Puerto Rico "underscores the growing economic uncertainties it faces as it continues to recover from Hurricane María," Moody's Investors Service noted in a new report.
The Federal Communications Commission’s Incentive Auction Task Force and Media Bureau granted a request from 20 broadcast TV stations in Puerto Rico and the U.S. Virgin Islands impacted by Hurricanes Irma and María to allow them to construct post-auction facilities ahead of schedule.
The Puerto Rico governor's office has officially begun to accept candidates for the post of the Inspector General, and is looking for an experienced candidate to fill the job, with the purpose of ensuring that governmental institutions provide quality services to the general public.
Dave & Buster’s first Puerto Rico location will open in Bayamón in Plaza del Sol on Jan, 15, boasting more than 40,000-square-feet of arcade games, ultimate sports viewing and one-of-a-kind food and drink offerings all under one roof.
New York Healthcare’s Puerto Rico Hurricane Relief Fund, which was established to provide direct aid to health care workers and other workers on the front lines of the recovery effort in Puerto Rico, has contributed $1 million to the Puerto Rico Community Foundation, the nonprofits announced.
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