When President Biden signed American Rescue Plan Act (H.R. 1319), expectations were created in many in the United States and Puerto Rico that economic conditions will improve. In a preliminary assessment, economic analysis firm Estudios Técnicos Inc. estimated that Puerto Rico will receive an amount close to $10 billion in funds from H.R. 1319. A […]
An estimated 30,525 taxpayers have not received the disbursement of the $600 financial stimulus, reportedly due to errors in their bank information, Treasury Department officials said. “They must have received a message, either by email or through the platform, indicating a rejection [of the deposit] by the bank. They have to update their bank information […]
Puerto Rico government officials announced the availability of $65 million in new economic assistance for some 17,000 eligible small businesses whose operations have been interrupted during the COVID-19 pandemic. At a news conference, Department of Economic Development and Commerce Secretary Manuel Cidre and Treasury Secretary Francisco Parés offered details of the Business Interruption Grant from […]
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