COR3 revises disbursement process for recovery work in Puerto Rico
February 2, 2022
The Central Office of Recovery, Reconstruction and Resiliency (COR3), which works with the Federal Emergency Management Agency (FEMA) to disburse recovery funding to rebuild after Hurricane María, has revised its disbursement mechanism to expedite the ongoing process, agency Executive Director Manuel Laboy confirmed. “The Request for Reimbursement (RFR), as well as the Advance Request (RFA), […]
chat_bubble0 Comment
visibility3171 Views
CGI’s disaster recovery IT, data management services contract extended
December 1, 2021
Technology firm CGI today announced the government of Puerto Rico has awarded it a contract for ongoing disaster recovery IT services as part of the Commonwealth’s continued rebuilding effort following hurricanes Irma and María. The financial terms of the contract were undisclosed. “CGI and the government of Puerto Rico have forged a vital partnership to […]
chat_bubble0 Comment
visibility1706 Views
COR3 to support medical device, tourism sectors attract investment
November 25, 2021
As a result of a series of roundtables headed by the Central Office of Recovery, Reconstruction and Resiliency (COR3), its Executive Director Manuel Laboy signed two collaborative agreements with the medical devices and tourism sectors to provide data that allow the development of strategic marketing plans that promote investment in the island. “The reconstruction process […]
chat_bubble0 Comment
visibility2438 Views
COR3 makes 1st disbursement of $7.1M for PREPA reconstruction projects
October 15, 2021
The Central Office of Recovery, Reconstruction and Resiliency (COR3) announced the first disbursement of approximately $7.1 million to the Puerto Rico Electric Power Authority for work related to reconstruction projects. “The approval of the Advance Request, presented by PREPA to COR3 and whose millionaire amount was disbursed to cover expenses incurred and projected for the […]
chat_bubble0 Comment
visibility2329 Views
FEMA approves $26.2M to rebuild Félix Millán stadium in Yabucoa
October 15, 2021
The Federal Emergency Management Agency (FEMA) announced it has awarded nearly $26.2 million to the municipality of Yabucoa to rebuild the Félix “Nacho” Millán baseball stadium. This obligation is an addition to the more than $41 million that has been allocated to the municipality to date for 61 other permanent work projects. “This obligation marks […]
chat_bubble0 Comment
visibility2483 Views
COR3 leads sessions on how to maximize use of reconstruction funds
August 27, 2021
The Central Office for Recovery, Reconstruction and Resilience (COR3) carried out a series of orientation sessions on the management of funds under sections 428 and 406 of the Federal Emergency Management Agency (FEMA) Public Assistance program. “We’re at an important moment in which agencies, municipalities and nonprofit organizations are developing new reconstruction projects, and there […]
chat_bubble0 Comment
visibility1411 Views
COR3 activates changes in internal policies to expedite disbursements
July 1, 2021
All changes to the Central Office of Recovery, Reconstruction and Resiliency’s (COR3) Chapter 7 internal policies on disbursement processes and cash handling are already in force to streamline procedures related to Requests for Reimbursements (RFR) and Requests for Advances (RFA) for reconstruction projects required under funds allocated by the Federal Emergency Management Agency (FEMA), the […]
chat_bubble0 Comment
visibility1802 Views
COR3 announces jobs available for recent college grads
June 29, 2021
The Central Office of Recovery, Reconstruction and Resiliency (COR3) announced the availability of transitional positions for recent undegraduate or master’s degree college graduates in several areas. Agency Executive Director Manuel Laboy said the goal is to continue strengthening the work team in charge of facilitating the processes related to Puerto Rico’s reconstruction efforts. “We currently […]
chat_bubble0 Comment
visibility1451 Views
COR3: 300+ permanent reconstruction projects completed with FEMA funds
June 24, 2021
Municipalities, government agencies and nonprofit organizations in Puerto Rico have completed 337 permanent works projects with funds allocated under the Federal Emergency Management Agency’s Public Assistance program, the Central Office of Recovery, Reconstruction and Resiliency (COR3) confirmed. “FEMA has obligated more than $24 billion under the Public Assistance program, including more than $18 billion for […]
chat_bubble0 Comment
visibility1542 Views
Laboy: $4B in FEMA risk mitigation funding not at risk
June 18, 2021
The Central Office of Recovery, Reconstruction and Resiliency (COR3) is “focused on reaching the goal to allocate the $4 billion in Hazard Mitigation Grant Program funds assigned by the Federal Emergency Management Agency (FEMA) on or before Oct. 31. Agency Executive Director Manuel Laboy rejected comments that the funds are at risk. “We’re working full […]
chat_bubble0 Comment
visibility2146 Views
FEMA assigns $93M to PRIDCO for property reconstruction projects
June 16, 2021
The Puerto Rico Industrial Development Company (PRIDCO, in Spanish) has been assigned $93 million from the Federal Emergency Management Agency (FEMA) to begin reconstruction and revitalization of commercial properties affected after the passage of Hurricanes Irma and María in 2017. PRIDCO Executive Director Javier Bayón-Torres said the allocation will benefit 54 mandatory projects throughout the […]
chat_bubble0 Comment
visibility2146 Views
FEMA awards funding to repair sports and recreation facilities
June 11, 2021
Several sports facilities in Aguadilla, Aibonito, Barranquitas, Carolina and Toa Baja will be repaired using an obligation of nearly $13.3 million in funds from the Federal Emergency Management Agency (FEMA). Some of these are in the design and planning process, while work in others has already been completed. “In addition to serving as places for […]
chat_bubble0 Comment
visibility1585 Views
$277M+ in FEMA funds driving recovery efforts in Puerto Rico’s southern region
June 4, 2021
There are currently 168 projects underway to rehabilitate the areas and structures that were affected by the 2020 earthquakes along Puerto Rico’s southern region, the Federal Emergency Management Agency (FEMA) said. Projects include allocations for the municipalities of Mayagüez and Ponce. About $185,000 from the agency are earmarked to repair the Castilo Serralés, the Salazar […]
chat_bubble0 Comment
visibility2234 Views
Consulting services firm ICF lands $46M contract from Puerto Rico gov’t
April 27, 2021
The Public Private Partnership Authority recently awarded global consulting and digital services provider ICF a new $46 million contract to provide services to support long-term disaster recovery from Hurricanes Irma and María and hazard mitigation efforts to protect against future disasters, it announced. The contract, which is administered by the Central Office of Recovery, Reconstruction […]
chat_bubble0 Comment
visibility1576 Views
COR3 disbursements for municipal permanent works up 26% Y-O-Y in 1Q21
April 21, 2021
The Central Office of Recovery, Reconstruction and Resiliency (COR3) confirmed that disbursements to municipalities under the permanent works categories and participants of the Federal Emergency Management Agency’s (FEMA) Public Assistance Program reflected a 26% year-over-year increase during the first quarter, versus the same period in 2020. Agency Executive Director Manuel A. Laboy said that some […]
chat_bubble0 Comment
visibility1209 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA