U.S. Dept. of Commerce invests $12.8M in Roosevelt Roads project
May 28, 2021
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $12.8 million grant to the Roosevelt Roads Local Redevelopment Authority to build and establish the Marine Business, Research & Innovation Center (MBRIC). The EDA grant, to be matched with $3.2 million in local investment, is expected to create nearly 29,500 jobs and spur […]
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SBA launches $100M ‘Community Navigator Pilot’ Program application
May 28, 2021
The U.S. Small Business Administration (SBA) announced today that it is accepting applications for its new Community Navigator Pilot Program. This new initiative, established by the American Rescue Plan, will leverage a community navigator approach to reach our nation’s smallest businesses, with a priority focus on those owned by socially and economically disadvantaged individuals, as well as […]
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Science Trust, Housing Dept. launch improved Re-Grow Puerto Rico aid program
May 28, 2021
Less than a year after Re-Grow Puerto Rico was launched and addressing the concerns of the agricultural sector, the Puerto Rico, Technology and Research Trust together with the Housing Puerto Rico Department have implemented improvements to the program. The initiative, which feeds from with Community Development Block Grant (CDBG-DR) Program funds, seeks to expedite access […]
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Congar Int’l Corp. expanding Cayey plant, investing $23M in 4 yrs.
May 27, 2021
Cigar manufacturer Congar International Corp. will expand its operations in Puerto Rico and will add 85 new jobs to the more than 300 employees it already has on its payroll. The company that has been established in Cayey for 60 years plans to invest $23 million in a four-year period during the expansion process. “Congar […]
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Chef Mario Pagán unveils $4M La Central restaurant at Distrito T-Mobile
May 27, 2021
The aroma of “melao” coming from the rum still, the flaming charcoal grill, Puerto Rican rum, tobacco, and coffee, will be the stars of the scene of the new $4 million restaurant, La Central by Mario Pagán, located at the Distrito T-Mobile, which will open its doors on June 2. La Central will generate about […]
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VPNet, Microsoft announce $1M joint effort to deliver broadband to rural communities
May 27, 2021
Puerto Rican company VPNet Inc., with support from Microsoft’s Airband Initiative, announced an agreement to make high-speed broadband internet available in rural areas of Puerto Rico, whose communities, organizations, and businesses have faced great challenges, particularly during the COVID-19 Pandemic. The initiative entails a $1 million investment, officials confirmed. The agreement will allow approximately 480,000 […]
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CNE reviews Puerto Rico’s reconstruction and recovery process ahead of hurricane season
May 27, 2021
The Center for a New Economy (CNE) published a policy brief on the resources assigned to Puerto Rico by the federal government for reconstruction and recovery after Hurricane María, up to March 31, 2021 and called for a wider discussion of how these funds will be used. “Obligating and spending the federal funding assigned for […]
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Pep Boys to award $100K in scholarships to aspiring automotive technicians
May 27, 2021
Automotive service network Pep Boys and an Icahn Enterprises L.P., has opened a call for those studying to become technicians to apply for one of the 15 scholarships available in the annual Find Your Drive scholarship program. Scholarships awarded through the program this year will total $100,000 to celebrate the company’s centennial and continue the […]
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WorldNet, Expedition Communications partner to launch contingency satellite service
May 27, 2021
WorldNet Telecommunications LLC has partnered with Expedition Communications to offer a set of business continuity services, which includes a new contingency satellite service. The WorldNet Sky Internet, powered by Expedition Communications will provide business customers in general and WorldNet business partners access to satellite and regular internet, voice, cloud-based services, and security from one provider. […]
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Puerto Rico looks to Congress to secure increased manufacturing activity
May 26, 2021
Representatives of the island’s pharmaceutical, aerospace, medical devices, and accountants, among other private sectors, expressed their support for the Medical Manufacturing, Economic Development and Sustainability Act, submitted in Congress by Puerto Rico Resident Commissioner, Jenniffer González. The bill was touted as “an ideal route to strengthen Puerto Rico’s position as a national manufacturing center.” The […]
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Siembra Lista to sell local farming, artisanal products at gas station kiosks
May 26, 2021
Siembra Lista, a new concept to market Puerto Rico’s agricultural and artisanal products, was recently launched across a number of gas stations following a $30,000 investment, company executives confirmed. So far, gas stations in Naguabo, Bayamón, Guayama, Caguas, San Juan, Naranjito, Carolina and Fajardo, as well as community pharmacies, are featuring the unique kiosks stocked […]
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Op-Ed: The storm we’re not preparing for…inflation or hyperinflation
May 26, 2021
As May rolls out, and June approaches, all the meteorological and emergency management pundits start their media tours to forewarn everyone on getting prepared for hurricane season, which will last up until November. The warnings become full campaigns, which will flood the airwaves and the social media environment hoping that preparations will somehow reduce the […]
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Labor Dept. to train employers on Work Opportunities Promotion Fund
May 26, 2021
The Puerto Rico Labor Department will offer guidance to employers who wish to benefit from salary incentives from the Work Opportunities Promotion Fund, agency Secretary Carlos J. Rivera-Santiago announced. “We will soon begin the compulsory orientation course for public and private employers who are interested in submitting proposals for Fiscal Year 2022, as provided by […]
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Puerto Rico drivers may now take learner’s permit test online
May 26, 2021
The Department of Transportation and Public Works (DTOP, in Spanish) is making the Puerto Rico’s learner’s permit exam available online, agency Secretary Eileen M. Vélez-Vega announced. Called the Virtual Learning test, (AVI, in Spanish), the platform will allow thousands of citizens to take the driver’s test from home, using a tablet or computer with internet […]
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B2B Funding grants $4M to businesses hit by COVID-19 to continue operations
May 25, 2021
B2B Funding, established in Puerto Rico in 2016, to offer financing alternatives to local entrepreneurs, said it has awarded about $4 million to more than 150 businesses that continue to operate despite the challenges they have faced during the COVID-19 pandemic. The funding has been assigned through its business loan programs, approved during the months […]
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