Banking exec Carrión: ‘We have to see about rebuilding P.R. differently’
March 21, 2018
Puerto Rico needs to attack a series of urgent needs to rebuild the island in the wake of Hurricane María, as well as find ways to incorporate more people into the workforce, said Prominent banking executive Richard Carrión.
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USACE: 6 mo.’s after María, agency ‘remains committed’ to P.R.
March 21, 2018
Six months after Hurricane María made landfall, the U.S. Army Corps of Engineers “remains committed to safely and urgently restoring reliable power and returning normalcy to the U.S. citizens of Puerto Rico as quickly as possible,” the agency said on the half anniversary of the storm.
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FEMA: 6 mo.’s after María: Progress made in P.R., work continues
March 20, 2018
Six months after Hurricane María devastated Puerto Rico, power and water have been restored in most communities, millions of cubic yards of debris have been removed, hospitals and other government services are open and bridges are being replaced, the Federal Emergency Management Agency said.
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Payless Shoesource donates 3K pairs of shoes to Hurricane María victims
March 19, 2018
As part of its commitment to Puerto Rico and helping the community, Payless Shoesource, in partnership with Pirates Charities (a charity run by the Pittsburgh Pirates) distributed more than 3,000 pairs of athletic shoes for Hurricane Maria victims who everything in a matter of hours, including basic items like shoes.
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Kymeta provided high-speed mobile internet access to P.R. during recovery
March 14, 2018
Kymeta — the communications company making good on the promise of global, mobile connectivity — partnered with Intelsat and Liberty Puerto Rico to reconnect communities across Puerto Rico when communications and power were severed by Hurricane María the company confirmed.
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FCC Chair Pai says recovery funding to P.R. to be allocated by towns
March 8, 2018
Federal Communications Commission Chairman Ajit Pai said the funding the agency is proposing to assign Puerto Rico will be disbursed on a competitive basis by geographic area, or towns, to repair and restore telecom networks and services destroyed by Hurricane María.
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P.R.’s retail sector lost $28.8B in sales due to Hurricane María
March 8, 2018
Puerto Rico lost an estimated $28.8 million in sales and reflected a 12 percent reduction in its payroll in the first four months after Hurricane María passed through the island, mostly due to the lack of power that kept businesses closed, according to research presented during a forum held by the Retail Association.
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$2.2B in federal aid approved for P.R. households, businesses
March 8, 2018
With two weeks remaining before the deadline to register with the Federal Emergency Management Agency, more than $2.2 billion in federal aid is helping fuel the recovery for households and businesses in Puerto Rico, the agency said.
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Experts to help P.R. businesses grow at Lean Leadership & Innovation Summit
March 5, 2018
Three experts will be headlining this year’s Lean Leadership & Innovation Summit, March 14-15 at Universidad del Este, aimed at helping Puerto Rico’s small and global companies recover and grow from the interruptions Hurricane María caused in recent months.
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FHA extends foreclosure moratorium for Hurricane María victims
March 2, 2018
For the second time since Hurricane María devastated Puerto Rico and the U.S. Virgin Islands, the Federal Housing Administration (FHA) announced that the agency is extending its 180-day foreclosure moratorium for FHA-insured homeowners for an additional 60 days due to the extensive damage and continuing needs in these hard-hit territories.
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U.S. lawmakers ask HUD to extend foreclosure moratorium in P.R., USVI
February 28, 2018
A number of U.S. lawmakers sent a bipartisan letter to the U.S. Department of Housing and Urban Development requesting a 90-day extension of the foreclosure moratorium in Puerto Rico and the U.S. Virgin Islands ahead of the current March 19 deadline.
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P.R. film industry poised to make $225M in FY’18; Premieres locally filmed series
February 26, 2018
Puerto Rico’s film industry is set to generate $225 million for the island’s economy this fiscal year ending in June, with several television and film projects in the pipeline that will generate some 12,000 jobs, government officials said Sunday.
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Op-Ed: IRA accounts, retirement plans & Hurricane María: How do they collide in my taxes?
February 26, 2018
The Individual Retirement Account is a retirement savings account. However, the funds in an IRA may be used for other purposes in case of an emergency or special need and the Puerto Rico Internal Revenue Code provides for it.
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Sprint provides 700+ devices, wireless service to displaced P.R. high schoolers in Orlando
February 26, 2018
Sprint is helping more than 700 high school students from Puerto Rico who were displaced after Hurricane María and are now enrolled in Orange County Public Schools.
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SBA approves more than $1B in disaster loans in P.R.
February 23, 2018
The U.S. Small Business Administration announced that more than $1 billion in low-interest disaster loans has been approved for 28,106 Puerto Rico residents and businesses recovering in the aftermath of Hurricanes Irma and María, which struck in September 2017.
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