Some $180 million that Puerto Rico receives in funding assigned annually through the Federal Communications Commission could be at risk due to the methodologies the agency is implementing to phase out the Universal Service Program and usher in its replacement, the Connect America Fund.
Doral Bank revealed Thursday the results of its “Mujeres d Éxito” institutional campaign, through which it has financed a number of initiatives to drive female economic development Puerto Rico, via the “Internado Doral,” “Despegue Empresarial” and “Fondo Doral” programs.
The Puerto Rico Industrial Development Company’s board approved a $1.6 million assignment to the Central Eastern Technological Initiative, to match federal funding granted by the U.S. National Telecommunication and Information Administration to expand broadband access to economically disadvantage communities in the region, Economic Development and Commerce José Pérez-Riera, who also heads Pridco, said Monday.
The U.S. Department of Labor announced Tuesday it has released an additional $8.5 million in emergency funding to continue cleanup and recovery efforts in the aftermath of Hurricane Irene, which struck Puerto Rico in August 2011.
The U.S. Congress has approved the Federal Aviation Administration Modernization and Reform Act of 2012, which includes an amendment presented by Resident Commissioner Pedro Pierluisi to guarantee equal treatment for Puerto Rico’s airports with respect to federal funding.
The Puerto Rico Energy Affairs Administration and the U.S. Department of Agricultrue —through the National Resources Conservation Service — announced the availability of funds for energy audits aimed at reducing energy consumption at their farms and help farmers upgrade equipment through the Environmental Quality Incentives program.
Doral Healthcare Finance announced Monday it has provided $4.5 million in working capital to healthcare companies in New York and Wisconsin.
Puerto Rico needs to be proactive and keep the pressure on the U.S. government, especially the Federal Communications Commission, to make sure the island gets the funding it needs to advance broadband deployment and availability, Henry Rivera, former agency member told the National Hispanic Caucus of State Legislators in Fajardo late last week.
The towns of Moca, Manatí, Jayuya, Canóvanas and Barceloneta have been assigned a combined $405,312 by the U.S. Department of Agriculture to make critical repairs and improve housing conditions for low- and very-low-income rural residents.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA