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More than 70% of respondents reported an economic impact of more than $10,000 and disruptions to their supply chain management.
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The Federal Emergency Management Agency (FEMA) allocated more than $24.4 million during October and November to repair and reinforce several schools in Puerto Rico’s southern and western regions that experienced structural damage caused by the 2020 earthquakes. To date, more than $142 million has been obligated to the Puerto Rico Education Department for 115 permanent […]
The Federal Emergency Management Agency (FEMA) announced the approval of nearly $90 million in low-interest Community Disaster Loans, known as CDLs, to assist the municipalities affected by the 2020 earthquakes in their long-term recovery. Twenty-five municipalities in the south, center and west of the island benefitted from this federal assistance, which ended on June 30. […]
World Business Chicago and LuminAID have teamed up to send solar lanterns to the island, to help Puerto Rico’s earthquake survivors living in the island’s south and southwestern regions, many of which are still in shelters. “We’ve been hearing from our partners on the ground since January that the situation is still very difficult in […]
In response to the severe and extensive damage caused by a series of earthquakes that continue to impact Puerto Rico, the Federal Home Loan Bank of New York has announced $500,000 in donations to organizations leading relief efforts in the Commonwealth. In addition to the charitable contributions, the FHLBNY has $1 billion in disaster relief […]
Triple-S Management Corp. has received 45 earthquake-related claims and expects losses of approximately $8.5 million to its property and casualty line of business, company CEO Bobby García confirmed upon revealing the latest quarterly results. In a call with analysts to discuss the fourth quarter results, García said the numbers for its Triple-S Propiedad division breaks […]
As part of its commitment to support business continuity in those areas directly affected by the 6.4 magnitude earthquake that struck the southwest coast on Jan. 7, Invest Puerto Rico integrated in its PuertoRicoSigue.org platform a Community Guide for Economic Preparation and Recovery. This guide — created for the benefit of community leaders, chambers of […]
On Dec. 28, an earthquake rattled Puerto Rico’s southwest coast, destroying homes and cultural treasures. Unfortunately, it was just a precursor to a magnitude 6.4 temblor that struck the same area on Jan. 7. The government of Puerto Rico, the Puerto Rico Emergency Management Bureau, their supporting government agencies and local community leaders immediately began […]
A coalition of labor unions and businesses has joined to distribute needed tents and other essential supplies to assist Puerto Ricans struggling in the aftermath of the devastating earthquakes that have rocked the island since December. “It is frankly unimaginable for a community to have to confront two natural disasters on top of an economic […]
Nine more municipalities that were affected by the earthquakes that began Dec. 28, 2019, in southwest Puerto Rico have been designated as eligible for Federal Emergency Management Agency’s Individual Assistance program. At the request of the government of Puerto Rico, FEMA extended eligibility for Individual Assistance to Arecibo, Ciales, Hormigueros, Juana Díaz, Las Marías, Mayagüez, […]
The Puerto Rico Chapter of the American Red Cross received a $150,000 donation from the Francisco Carvajal Foundation to support the organization’s response operation to help families affected by earthquakes in the southwest of the island. “At the Red Cross, we greatly appreciate this donation from the Francisco Carvajal Foundation, which comes at a crucial […]
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