IEEFA warns Puerto Rico Legislature against power plant privatization process
December 14, 2021
In a letter to the Puerto Rico Legislature, Tom Sanzillo, director of Financial Analysis at the Institute for Energy Economics and Financial Analysis (IEEFA), urged the House and Senate to reevaluate the ongoing bidding process to privatize operations of the island’s power plants. “We have observed the flaws in the privatization processes of LUMA Energy and […]
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Puerto Rico’s banking industry continues to strengthen in past year
December 13, 2021
The Puerto Rican banking industry has continued to strengthen over the past year, supported by an increase in liquidity and the strengthening of asset quality. The Financial Stability Index for Commercial Banks in Puerto Rico, prepared by Estudios Técnicos, Inc., increased to 0.60 in the third quarter of 2021, compared to 0.47 in the same […]
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Discover Puerto Rico’s ‘Sounds like Puerto Rico’ series wins 3 Emmy awards
December 13, 2021
The video series “Sounds like Puerto Rico” received three nods during the 45th Annual Suncoast Regional Emmy Awards, held over the weekend. The videos produced by Discover Puerto Rico, the island’s Destination Marketing Organization (DMO), were distinguished as best magazine series, cinematography, and editing. “Sounds like Puerto Rico” was nominated in five categories, including best […]
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$135M Emerald Vista mixed-use complex opens in Caguas
December 13, 2021
National housing and urban renewal developer, McCormack Baron Salazar, and the Puerto Rico Department of Housing welcomed a group of leaders, including the Governor of Puerto Rico, community members, and the media to the grand opening of the new mixed-income apartment community, Emerald Vista. With an investment of about $135 million and the first multifamily […]
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Op-Ed: Our DMO continues to fulfill its mission by doing the right things, correctly!
December 13, 2021
During the past two months, we have heard expressions from a small group of voices criticizing the Convention District, Discover Puerto Rico (DMO), and the government of Puerto Rico, for investing in the Dick Clark’s New Year’s Rockin’ Eve event, one of the most watched events in the United States. While we support that the use of all […]
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DDEC announces several initiatives to support SMEs
December 13, 2021
The Department of Economic Development and Commerce (DDEC in Spanish), announced the launch of several initiatives aimed specifically at local small and medium-sized enterprises (SMEs) with the purpose to provide capital for the development of several commercial activities that promote economic growth and jobs. These funding programs were announced during the Expo Desarrollo Pymes, an […]
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Puerto Rico’s small businesses may apply for ‘Apoyo Energético’ incentive
December 13, 2021
Starting today, Puerto Rico-based small and mid-sized businesses will be able to request an incentive for up to $25,000 to install green energy systems through the Department of Economic Development and Commerce’s (DDEC, in Spanish) Apoyo Energético website. The registry closed on Dec. 10 with more than 70 SMEs signing up to provide services to […]
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Distrito T-Mobile unveils lineup of gastronomic offers for New Year’s Eve
December 10, 2021
Restaurants in the Distrito T-Mobile have curated a series of dining experiences as part of the Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest 2022 celebration in Puerto Rico. This year, Puerto Rico becomes the first destination with a Spanish-language countdown for the festivities that will feature Daddy Yankee as the main act and […]
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33 startups complete 9th generation of parallel18’s int’l acceleration program
December 10, 2021
P18, the international acceleration program of parallel18, culminated its ninth generation with the celebration of the achievements of 33 companies in its DemoDay event at the Raúl Juliá theater at the Puerto Rico Museum of Art. Following more than 20 months of virtual events, the program from the Puerto Rico Science, Technology, and Research Trust […]
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FEMA allocates $7.2M+ to repair wastewater treatment facilities
December 10, 2021
The Federal Emergency Management Agency (FEMA) allocated more than $7.2 million to the Puerto Rico Aqueduct and Sewer Authority (PRASA) for repairs to wastewater treatment and water pumping facilities in Humacao and Las Piedras. These projects ensure critical services for more than 55,000 residents of Humacao, Las Piedras and Naguabo, the agency stated. The funds […]
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World Central Kitchen marks the holidays at its Santurce food market
December 10, 2021
Chef Ventura Vivoni will combine forces with a group of local food producers at the Mercado de Alimentos Santurce, World Central Kitchen’s food market in San Juan, on Dec. 18, from 9 a.m. to 1 p.m. Starting at 11 a.m., Vivoni will host a live cooking demonstration using fresh ingredients from the market “to give […]
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Corcoran Group enters Puerto Rico real estate market
December 10, 2021
Corcoran Group, LLC announced the continuation of its global expansion by adding its newest affiliate and entrance into Puerto Rico with the launch of Corcoran Puerto Rico. The Corcoran Group President Pamela Liebman said the event “represents yet another milestone in the firm’s expansion and perfectly complements its growing Caribbean footprint.” The affiliate is led […]
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Pontifical Catholic University makes $57.5M in infrastructure investments
December 9, 2021
The Pontifical Catholic University is embarking on a three-year development plan at three of its campuses that will entail a $57.5 million investment, school officials announced. The modernization of multiple structures, new technologies and the construction of a building that will house innovative science laboratories are elements of the project. The funding for the more […]
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Puerto Rico gets $5.1M federal allocation for tourism pandemic recovery
December 9, 2021
The US Department of Commerce has awarded Puerto Rico $5.1 million through the American Rescue Plan to “integrate tourism into distressed urban areas with activities that focus on local artists, cultural influences, and community involvement.” The funds are part of a global $196 million in American Rescue Plan State Travel, Tourism, and Outdoor Recreation grants to 24 […]
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PRMA launches campaign to raise awareness about gender violence
December 9, 2021
The Puerto Rico Manufacturers Association has created a social responsibility campaign, under the slogan “Todos contigo mujer. No más violencia,” (All with you, woman. No more violence). PRMA Executive Vice President Yandia Pérez said the goal is to promote and unite several industry sectors, to raise awareness, encourage and maintain communication and constant education, about […]
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