Puerto Rico has been living through a storm for the past 12 years, and as with every storm, it has experienced different levels of intensity. But the current circumstances have to be handled quickly to be able to build the Puerto Rico that is needed, said José Rafael Fernández, CEO of Oriental Financial Group.
The U.S. House of Representatives passed Thursday legislation that will enable employers in Puerto Rico to get an income tax credit of up to $6,000 for each employee that they pay up to $15,000 in the wake of Hurricanes Irma and María.
In response to the severe and extensive damage caused by Hurricanes Harvey, Irma and María, the Federal Home Loan Bank of New York ("FHLBNY") has made $1 billion in disaster relief funding available to its members to help rebuild communities in FEMA-designated disaster areas in Puerto Rico, the U.S. Virgin Islands, Florida, Texas and the Southeast.
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