US Dept. of Labor to effect $15/hour wage increase in Jan. ’22
November 23, 2021
The US Department of Labor announced a final rule that implements Executive Order 14026 to increase the hourly minimum wage for employees on federal contracts starting Jan. 30, 2022. President Biden signed the order on April 27, 2021. The order is expected to benefit between 10,000 and 12,000 federal workers and contractors in Puerto Rico, […]
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Liberty Foundation awards $600K to 27 nonprofits during golf tourney
November 23, 2021
Liberty Foundation closed the 24th edition of the Liberty Foundation Golf Invitational Tournament awarding a “record-breaking donation” of $600,000 to 27 nonprofit organizations in Puerto Rico and the US Virgin Islands, company officials said. The donation was presented Nov. 18 during the tournament’s Embracing Hope Celebration Dinner in Río Grande. The 27 organizations that received […]
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Bayamón Medical Center inaugurates 4 new ambulatory surgery rooms
November 23, 2021
The Bayamón Medical Center announced the opening of four new ambulatory surgery rooms and a new unit for admitted patients. The four new ambulatory surgery rooms will be used for head, neck, laparoscopic, gynecological, gynecological oncological and urology surgeries, among others. The facilities incorporate the latest technology and a team of experienced surgeons, anesthesiologists, and […]
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Puerto Rico/USVI businesses approved for $2B+ in SBA COVID disaster loans
November 22, 2021
The U.S. Small Business Administration has approved more than 28,000 loans to businesses in Puerto Rico and the US Virgin Islands exceeding $2 billion through its COVID Economic Injury Disaster Loan (EIDL) program, it announced. When broken down, Puerto Rico-based small businesses have been approved for 26,751 loans, worth $2 billion, while the USVI has […]
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USDA awards $3.4M to town of Toa Baja for rural infrastructure
November 22, 2021
The US Department of Agriculture has awarded the northern coastal town of Toa Baja nearly $3.4 million to build and improve critical community facilities through its Community Facilities Direct Loan and Grant Program, the agency announced. The agency awarded a global amount of $222 million in 44 states, Guam, Northern Mariana Island and Puerto Rico. […]
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Seabourn Ovation’s debut in Puerto Rico to generate $100K for economy
November 22, 2021
Luxury cruise ship Seabourn Ovation will restart operations after the pandemic hiatus from Puerto Rico, which will generate $100,000 for the local economy in Fiscal 2022 and 2023, government officials confirmed. The ship, owned by Seabourn, joins Carnival, Norwegian, Viking, Crystal, Celebrity and Royal Caribbean as the seventh cruise line to restart operations in Puerto […]
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Puerto Rico ranks 69th in global Economic Freedom Index
November 19, 2021
Puerto Rico’s standing in the 2020 edition of the Economic Freedom Index did not reflect drastic changes, increasing just oane point to 64.4 in 2020 vs. 64.4 in 2019. This ranks the island in 69th place among 181 countries worldwide, and in 13th place among 33 countries in the Americas. The US mainland ranks 17 […]
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Puerto Rico gets $5.3M to beef up law enforcement
November 19, 2021
Puerto Rico has been assigned $5.3 million to hire more law enforcement professionals and beef up security in five towns, W. Stephen Muldrow, US Attorney for the District of Puerto Rico, announced. The allocation is included in a global $139 million in grant funding through the US Department of Justice’s Office of Community Oriented Policing […]
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New faces join the EPA, Triple-S Foundation, Jackson Lewis
November 19, 2021
This edition of Climbing the Corporate Ladder includes new executive appointments in a cross-section of industries in Puerto Rico. EPA appoints Lisa García as regional administrator for Region 2US Environmental Protection Agency (EPA) Administrator Michael S. Regan announced that President Biden will appoint Lisa García to become EPA’s Regional Administrator for Region 2. García will […]
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AFICA issues up to $57.4M in new bonds for Grupo Auxilio Mutuo
November 19, 2021
The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) and the Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority (AFICA) announced the issuance of up to $57.4 million in new AFICA bonds to refinance existing debt and finance the expansion of services, as well as improvements to several components of […]
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MMM launches OTC drug dispensing vending machines
November 19, 2021
MMM Healthcare announced the launch vending machines in shopping centers and hospitals in Puerto Rico, through which members can get their over-the-counter medications “immediately and when they need them.” “We’ve always stood out for innovation and once again, we keep working to provide greater convenience to our affiliates. Vending Machines are an additional option to […]
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Miami-based Grand Havana Cafe opening shops in Puerto Rico
November 18, 2021
Miami-based Grand Havana Cafe announced it has entered negotiations with AM:PM City Market Corp. to acquire its business portfolio in Puerto Rico, which includes locations in Isla Verde and Hato Rey. After the closing — expected to happen during the first semester of 2022 — the shops will be converted into Grand Havana Cafes, company […]
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CNE study: Public university system needs to be ‘divorced from politics’
November 18, 2021
The Center for a New Economy (CNE) is incorporating the topic of higher or post-secondary education in its work agenda, for which it has added an expert who in an analysis concluded, among other things, that higher learning in Puerto Rico cannot be tied to election cycles. In her first analysis for the think-tank, titled […]
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FEMA approves $142M+ for Puerto Rico schools affected by earthquakes
November 18, 2021
The Federal Emergency Management Agency (FEMA) allocated more than $24.4 million during October and November to repair and reinforce several schools in Puerto Rico’s southern and western regions that experienced structural damage caused by the 2020 earthquakes. To date, more than $142 million has been obligated to the Puerto Rico Education Department for 115 permanent […]
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EDB will hold virtual orientation for unemployed, PUA beneficiaries
November 18, 2021
The Puerto Rico Economic Development Bank announced the first virtual orientation to new and existing entrepreneurs who received unemployment and Pandemic Unemployment Assistance benefits. The webinar is scheduled for Nov. 18 at 10 a.m. This after a few weeks ago, the EDB signed a collaborative agreement with the Department of Labor and Human Resources to […]
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