Millionaire investor and developer Nicholas Prouty, who has called Puerto Rico his home for five years, said Monday the U.S. government must provide the island at least $40 billion in funding for relief and recovery efforts.
The Commonwealth of Puerto Rico is facing new risks and economic uncertainty following the devastation caused by Hurricane Maria last week, Moody’s Investors Service concluded in a report released Tuesday.
Verizon announced Monday support for the residents of Puerto Rico through a $1 million pledge to fund Hurricane María relief efforts. The carrier has partnered with the American Red Cross and World Vision.