Tourism Co. backs $9M renovations of 3 southern Puerto Rico hotels
July 9, 2021
The southern town of Ponce is experiencing a “rebirth” of its tourism industry with the $9 million renovation projects at three hotels — Hotel Solace by the Sea, Hotel Fox and Hotel Meliá — owned by developer Ponce Prime Resorts LLC. Puerto Rico Tourism Co. Executive Director Carlos Mercado confirmed that the projects are generating […]
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American Red Cross launches ‘Misión Roja’ video game tourney fundraiser
July 9, 2021
The American Red Cross, Puerto Rico Chapter announced the launch of its video game and streaming tournament, “Misión Roja” to raise funds for the families the organization serves after emergencies and disasters. People interested in participating have until July 28 to register, for the opportunity to win prizes. Those registered will play the “Super Smash […]
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T-Mobile provides telecom equipment to Puerto Rico’s Olympic delegation
July 9, 2021
For more than 15 years, T-Mobile has provided uninterrupted support as the official communications provider of the Puerto Rico Olympic Committee. Earlier this week, the carrier delivered communication equipment to the delegation that will represent Puerto Rico at the Tokyo 2020 Olympic Games. “At T-Mobile we’re proud to be an ally and sponsor of the […]
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NY-based firm invests $2M+ in Puerto Rico affordable senior housing
July 8, 2021
New York-based Community Development Trust, which provides long-term debt and equity capital for creating and preserving affordable housing across the US and its regions, announced its first equity investment in Puerto Rico. CDT, in partnership with Volunteers of America National Services (VOANS), has invested $2.25 million to preserve a combined 235 units in Villa Esperanza […]
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Puerto Rico drivers can transfer vehicles through CESCO Digital app
July 8, 2021
Puerto Rico drivers now have access to expanded services available through the Department of Transportation and Public Works (DTOP, in Spanish) CESCO Digital mobile app, which now allows for transferring the ownership of vehicles, agency Secretary Eileen Vega announced. The app, which already allows users to access a digital version of their driver’s license and […]
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Puerto Rico’s small businesses can still apply for CDBG grants
July 8, 2021
Owners of small and medium-sized businesses in Puerto Rico that were affected by Hurricanes Irma and María in 2017 may continue applying for help available through the Small Business Financing Program, under the Community Development Block Grant (CDBG) Program. Puerto Rico Housing Department Secretary William Rodriguez, said so far, the program has disbursed $24.5 million […]
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SBA grants $69.2M in aid to 339 bars, restaurants in Puerto Rico
July 8, 2021
The U.S. Small Business Administration recently announced the end of the Restaurant Revitalization Fund (RRF) program, which awarded $69.2 million in payments to 339 bars and restaurants in Puerto Rico, the agency confirmed. There was a total of 2,396 applications from Puerto Rico establishments, which requested a little more than $419 million in funding. Over in the […]
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USDA awards $303K to rural water projects in Puerto Rico
July 8, 2021
Two communities in the town of Aguas Buenas have been awarded a combined $303,000 to modernize their rural drinking water and wastewater infrastructure systems, the US Department of Agriculture announced. The funds are part of a global $307 million allocation granted across the US mainland and Puerto Rico and are part of a bipartisan infrastructure […]
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Liberty Latin America releases 1st ‘ESG’ report
July 8, 2021
Liberty Latin America released its inaugural ESG report outlining its commitment to environment, social, and governance (“ESG”) practices across its operations in Latin America and the Caribbean. The ESG report covers metrics for 2020 and is available on the company’s website. “On behalf of all our employees at Liberty Latin America, I’m proud to present […]
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GM Sectec expands cybersecurity services to Iraq
July 8, 2021
Cybersecurity firm GM Sectec announced the expansion of its services to Iraq with the commencement of the card production certification process for a card embossing company in that country. “We’re pleased to begin business on the other side of the world, starting in Iraq, a country well known for its rich history and oil-based economy, […]
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Isla Borinquen LLC to build $12M dry dock in San Juan
July 7, 2021
The Puerto Rico Ports Authority has selected local firm Isla Borinquen LLC, headed by Baseball Hall of Famer Iván “Pudge” Rodríguez, to develop, finance, build and operate a $12 million dry dock facility at Pier 15 in San Juan. The facility will offer maintenance, repair, and appraisals of commercial vessels and yachts. The project could […]
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Passenger traffic at LMM up 13.7% in June ’21 vs. ’19’s pre-pandemic levels
July 7, 2021
Passenger traffic at the Luis Muñoz Marín International Airport (LMM) exceeded the 1 million mark in June, which reflected a 13.7% increase over the 888,007 on record for June 2019, prior to the COVID-19 pandemic hit. Last month’s total is nearly a five-fold jump from the 214,008 on record for June 2020, when passenger movement […]
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9th generation of P18 program picks 40 startups, 57% are from Puerto Rico
July 7, 2021
Parallel18’s international acceleration program for startups, P18, announced the selection of the 40 companies that will be part of its ninth generation, headed by businesses established in Puerto Rico. The initiative, part of the Puerto Rico Science, Technology and Research Trust, offers entrepreneurs from around the world, access to high-quality business education, financing, and networking […]
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Op-Ed: Importing community must comply with federal requirements
July 7, 2021
U.S. Customs and Border Protection (CBP) recommends the importing community to ensure articles imported in preparation to the Hurricane season complies with all US import requirements. Nearly four years after Hurricanes Irma and María pounded Puerto Rico’s electrical grid, leaving some in the dark for almost a year, frustration over the island’s still-fragile power supply is […]
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Gov’t opens application process for towns to apply for recovery funding
July 7, 2021
Looking to continue steering Puerto Rico toward economic impact after COVID-19’s impact, the Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) has opened the application process for municipalities to receive federal allocations from the American Rescue Plan Act. Under the Coronavirus Local Fiscal Recovery Fund, $1.55 billion was allocated for the 78 municipalities and […]
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