Net emigration between US and Puerto Rico pegged at 550K from 2011-2020
June 30, 2021
The Census Information Center at the University of Puerto Rico’s Cayey campus recently published an analysis of net emigration estimates between Puerto Rico and the United States from 2011 to 2020, which put that number at 550,421 people. The estimates are based on surveys that the US Census Bureau conducts in the United States and […]
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FEMA allocates 8K projects worth $25.6B in recovery projects
June 30, 2021
The Federal Emergency Management Agency (FEMA) announced it has approved some $25.6 billion in federal funds for more than 8,000 recovery projects associated with the damages Hurricane María caused in Puerto Rico in 2017. The total projects with funds allocated so far includes debris removal and emergency protection measures granted at the beginning of the […]
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4-person family in Puerto Rico will spend $200+ on ‘emergency basket’
June 30, 2021
A four-person family in Puerto Rico will spend an average of $203.09 for the basic items it should have in a five-day “emergency basket” ahead of this year’s hurricane season, the Puerto Rico Department of Consumer Affairs confirmed. The agency known as DACO said a six-person supply will cost an average of $287.37, $375.36 for […]
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Impactivo founder named among ‘Top 100 Healthcare Leaders’
June 30, 2021
María Fernanda Levis-Peralta, founder of Impactivo LLC, was named one of the “Top 100 Healthcare Leaders of 2021” by the International Forum for Advancement in Healthcare (IFAH) in Las Vegas recently. IFAH, previously known as the Smart Health Conference, is one of the world’s top healthcare conferences and recognizes individuals for developing innovations in healthcare. […]
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Film Industry fund exhausts full $38M FY22 tax credit budget on 4 projects
June 29, 2021
The Department of Economic Development and Commerce’s (DDEC, in Spanish) Film Industry Development Program has already assigned the full $38 million in tax credits available for Fiscal 22 to just four productions, before the start of the year on July 1, News is my Business confirmed. The situation has surprised local industry executives and drawn the attention of […]
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3 new stores to open at parcel next to Outlets at Montehiedra in ’22
June 29, 2021
Urban Edge Properties announced it has signed leases with Walgreens, Global Mattress and Arby’s for a new parcel currently under development at The Outlets at Montehiedra in San Juan. This development, adjacent to K-mart, will feature a 10,305 square-foot Walgreens, a 3,695 square-foot Global Mattress in a single building and on the same parcel. Arby’s […]
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Puerto Rico retail sales up 49.6% in YoY in March to $3B
June 29, 2021
Puerto Rico’s retail sales exceeded $3 billion in March 2021, reflecting a 49.6% year-over-year increase, the Department of Economic Development and Commerce (DDEC, in Spanish) confirmed. The agency’s most recent retail sales report shows this is the 10th consecutive sales increase recorded at an annual rate. Sales for March 2020 were recorded at a little […]
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COR3 announces jobs available for recent college grads
June 29, 2021
The Central Office of Recovery, Reconstruction and Resiliency (COR3) announced the availability of transitional positions for recent undegraduate or master’s degree college graduates in several areas. Agency Executive Director Manuel Laboy said the goal is to continue strengthening the work team in charge of facilitating the processes related to Puerto Rico’s reconstruction efforts. “We currently […]
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Ports Authority unveils $21.8M in improvements to Culebra airport, dock
June 28, 2021
The Puerto Rico Ports Authority broke ground on the reconstruction of the Benjamín Rivera Noriega airport in Culebra and unveiled the recently completed improvements to the island municipality’s cargo dock. The projects represent a combined investment of $21.8 million. Ports Authority Executive Director Joel Pizá said the $7.4 million bid process for the airport project, […]
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Colmena66 survey: Puerto Rico’s entrepreneurs struggling 15 mo.’s after onset of pandemic
June 28, 2021
A survey of some 400 entrepreneurs conducted by nonprofit Colmena66 revealed that 21% of participants confirmed they are self-employed due to financial need, 28% work a full-time job while promoting their business, 33% stressed the lack of available financing, and 67% are not exporting, so they have lower income than those who are. Colmena66 — […]
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Civil engineers return to in-person format for annual education summit
June 28, 2021
The College of Engineers and Surveyors’ Institute of Civil announced its upcoming summit, the Mega Viernes Civil 2021 (MVC 2021), which returns to its in-person format on July 16, at the Puerto Rico Convention Center in Miramar. Under the slogan of “Ruta al Futuro,” the event will present a sweeping academic, highly technical lineup featuring […]
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ImmunitaPass Events app unveiled to ID vaccinated convention-goers
June 28, 2021
LeadPivot, a division of Puerto Rican firm Birling Capital, has developed ImmunitaPass Events, an application that allows identifying vaccinated participants of indoor events, such as a recent Puerto Rico Chamber of Commerce (CofC) luncheon. As the COVID-19 pandemic is contained, many organizations are conducting indoor events. The ImmunitaPass safety and risk control software fully identifies […]
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Polytechnic University returning to in-person classes in Aug.
June 28, 2021
The Puerto Rico Polytechnic University announced to its students and the community that it will return to in-person classes during the 2021-22 academic year that starts Aug. 9. However, it will keep its virtual and hybrid courses for students who prefer to study remotely. “We know that many students are eager to actively participate and […]
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CPI INVESTIGATES: Puerto Rico Act 22 tax incentive fails
June 25, 2021
The jobs and economic impact anticipated by the Puerto Rico government never materialized. From being an instrument to attract millionaires and foreign investment, Act 22 went on to become a haven for cryptocurrency fans, YouTube personalities and consultants. By Luis J. Valentín Ortiz, Joel Cintrón Arbasetti and Dalila M. Olmo LópezCenter for Investigative Journalism A […]
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EDB’s Center for Economic Studies validates gasoline price hike, consumer impact
June 25, 2021
The latest report by the Puerto Rico Economic Development Bank’s Center for Economic Studies confirmed that increases in fuel prices are “affecting business operations and daily life,” agency President Luis Alemañy said. The price of any good can spike when it’s cost of production increases, inventories are scarce or its market demand is on the […]
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