32K+ SBA PPP loans granted in Puerto Rico eligible for simpler forgiveness process
October 12, 2020
The U.S. Small Business Administration, in consultation with the Treasury Department released a simpler loan forgiveness application late last week for Paycheck Protection Program (PPP) loans of $50,000 or less. This decision could affect a little more than 32,000 PPP loans granted in Puerto Rico, according to SBA data released earlier this year. This action […]
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SBA backs $741M+ in PPP loans of up to $150K in Puerto Rico
July 7, 2020
The U.S. Small Business Administration and the U.S. Department of Treasury released Paycheck Protection Program Loan data that revealed that since the start of the program in April, local banks have processed some 35,896 loans for up to $150,000 totaling $741.4 million so far. The detailed loan-level data for Puerto Rico shows that more than […]
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SBA, Treasury Department announce $10B for CDFIs to participate in PPP
May 29, 2020
The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program to be lent exclusively by Community Development Financial Institutions (CDFIs). CDFIs work to expand economic opportunity in low-income communities by providing access to financial products and […]
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Oriental approves $275M+ in Payroll Protection Program loans
May 7, 2020
Puerto Rico-based financial institution Oriental confirmed that as a result of the first and second round of the SBA (7a) Payroll Protection Program, granted more than $275 million in loans, benefiting 3,300 businesses and 58,000 employees of small and mid-sized businesses. “We’re closing this first and second-round process, achieving excellent results, supporting our small and […]
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Puerto Rico airport P3 draws many comments online
October 1, 2012
While dozens of representatives from the public, private and labor sectors asked for a turn to speak during last Friday’s Federal Aviation Administration-sponsored hearing on the proposal to transfer the operation of Puerto Rico’s main airport facility, the Luis Muñoz Marín Airport, out of the government’s hands, others have opted to go online to express their thoughts on the historic transaction.
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FAA plans Sept. 28 public hearings on LMM P3
August 30, 2012
The Federal Aviation Administration will hold on Sept. 28 what will likely be the only public hearing on the proposed public-private partnership through which the government of Puerto Rico would turn the management of the Luis Muñoz Marín International Airport over to Aerostar Holdings, News is my Business learned.
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Cancún Airport offers glimpse of LMM’s future
August 16, 2012
CANCÚN, Mexico – Based on the premise that aviation and airports are a global industry, Mexico’s Grupo Aeroportuario del Sureste (ASUR) is planning to apply the same high operating standards it has in place at the Cancún International Airport in this busy tourism hub to the Luis Muñoz Marín International airport in San Juan.
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4 consortia make Juvenile correctional center P3 shortlist
August 9, 2012
Four consortia have been shortlisted to move on to the competitive procurement process to develop a new 600-bed juvenile social treatment campus complex through a public-private partnership with the government to be located in the town of Yauco.
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Aerostar signs 40-year lease to manage LMM airport
July 25, 2012
The job of modernizing the Luis Muñoz Marín International Airport so that it becomes a world-class international gateway that is profitable and attractive to travelers will require significant capital investments and networking — and will not happen overnight.
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Aerostar Airport Holdings lands LMM P3 contract
July 19, 2012
Exactly one week after receiving proposals from the last two remaining consortiums vying to take over the management of the Luis Muñoz Marín International Airport, Gov. Luis Fortuño announced today the government has chosen Aerostar Airport Holdings for the job.
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Spanish, Mexican groups submit final bids for LMM contract
July 11, 2012
The two finalists in the running to take over the operations of the Luis Muñoz Marín International Airport in Carolina for the next 40 years, Mexico’s Grupo Aeroportuario del Sureste and Spain’s Grupo Aeropuertos Avance, submitted their final proposals to the government Tuesday and now must wait two or three weeks to know their fate. […]
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LMM private operator to be announced by summer
May 3, 2012
The two consortia in the final running for the 40-year management concession of the Luis Muñoz Marín International Airport have already been selected, with the final winner to be announced by summer.
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Mexican, Spanish consortia finalists for LMM airport P3
April 26, 2012
A high-ranking executive of Mexico’s Grupo Aeroportuario del Sureste said his company is one of two groups remaining to take over the operation of the Luis Muñoz Marín International airport through a public-private partnership with the government, News is my Business learned.
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P3 Authority opens RFQ process for juvenile correctional center
March 23, 2012
The Puerto Rico Public-Private Partnership Authority announced Thursday it has opened the “Request for Qualifications” process to find a private entity to design, build, finance and maintain the proposed “Nuevo Comienzo” (New Beginning) juvenile social treatment facility in Yauco.
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London’s PFI names highway PPP ‘Deal of the Year’
December 27, 2011
For the second time in as many months, the government’s 40-year Public-Private Partnership concession of the PR-22/PR5 highways has nabbed an award from a prestigious international group, this time from London’s Project Finance International, a global project finance intelligence source and a unit of Thomson Reuters Professional Publishing.
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