The Open Society Foundations announced Monday it has awarded the Center for a New Economy a $100,000 grant to lead a group of nonprofits to create an initiative geared toward strengthening the civic core in Puerto Rico.
A group of Puerto Rican entrepreneurs, motivated by the desire to solve their own project financing challenges, on Wednesday launched Antrocket.com, the first Hispanic crowdfunding platform.
Puerto Rico received $7 billion in American Recovery and Reinvestment Act funds in 2009, but failed to create and retain jobs and renovate infrastructure as they were supposed to because hundreds of millions of dollars were used to cover the operational deficiencies of a handful of government agencies.