27 Puerto Rico credit unions receive $47.3M in funding from US Treasury
June 16, 2021
The US Department of the Treasury today announced the allocation of $47.3 million in relief funds to 27 Puerto Rico-based credit unions, through its CDFI Rapid Response Program (CDFI RRP). The goal is to provide necessary capital for community development financial institutions (CDFIs) to respond to economic challenges created by the COVID-19 pandemic, particularly in […]
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Popular Inc. originated $2.1B in loans under SBA Paycheck Protection Program
June 16, 2021
Popular Inc. announced that, upon completion of the second round of the Paycheck Protection Program (PPP) on May 31, 2021, it had processed nearly 50,000 loans, originating $2.1 billion in both rounds of the program. Popular said during the second PPP round, which began on Jan. 19, it processed approximately 20,500 loans totaling $673 million […]
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US Dept. of Labor has $1.5M in available grants to inform women about labor rights, benefits
June 16, 2021
The US Department of Labor announced a $1.5 million funding opportunity available to all 50 states, the District of Columbia, Puerto Rico and the US Virgin Islands to develop partnerships with community-based organizations and other nonprofits to conduct outreach to women workers to help them understand and exercise their rights and benefits in the workplace. […]
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PRMA offers orientation on small business grants of up to $50K
June 16, 2021
The Puerto Rico Manufacturers Association will host a seminar June 18 at 10 a.m. to provide information to micro and small businesses that operate with less than 75 employees and suffered losses due to Hurricanes Irma and María and may be eligible for grants of up to $50,000. Stella Molina, director of the PRMA’s member […]
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Triple-S Foundation uses Robbie the Robot to connect families
June 16, 2021
In the past year, technology has taken on a more relevant role and has become the ally to keep people in contact with the rest of the world. With that in mind, the Triple-S Foundation turned to technology to deliver joy to a population that was completely isolated. Hospitalized patients, of all ages, were able […]
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LMM airport gets $9.4M federal funding allocation to fix runway
June 15, 2021
The Luis Muñoz Marín International Airport (LMM) will receive $9.4 million from the US Department of Transportation’s Federal Aviation Administration (FAA) to reconstruct its main runway. The allocation is part of a round of awards of more than $898.9 million in infrastructure and safety projects through the FY2021 Airport Improvement Program (AIP). This total includes $113.5 million […]
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Op-Ed: With persistence and support, adventure park earns worldwide fame
June 15, 2021
When ToroVerde was inaugurated in May 2010, many doubted it would be a success. And as it grew from idea to reality, we had to hear many “No’s.” But each one gave us more strength to continue and to overcome these challenges. Some of the negativity was understandable. Our adventure park is in the mountains, […]
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Corona collects 835 lbs. of trash at several beaches during ‘Ocean’s Week’
June 15, 2021
Looking to deliver the message of keeping Puerto Rico’s beaches litter-free, Corona organized three underwater and shore clean-up activities, collecting about 835 pounds of solid waste, including small containers, cigarette butts, straws, aluminum cans, metal tubes, etc. The events were held at the Crash Boat beach in Aguadilla, Buyé in Cabo Rojo and Tres Palmas […]
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MHH Healthcare, LLC to acquire Medical Card System Inc.
June 14, 2021
Kinderhook Industries, LLC’s MHH Healthcare announced it has entered into a definitive agreement to acquire Medical Card System Inc. The transaction is expected to close later this year, subject to customary conditions and regulatory approvals, and will mark the second significant acquisition by a subsidiary of MHH Healthcare following the prior acquisition of GlobalHealth. Additional […]
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Workers in Puerto Rico’s metro area make 43% less than US mainland peers
June 14, 2021
Workers in the San Juan-Carolina-Caguas, Puerto Rico Metropolitan Statistical Area had an average (mean) hourly wage of $15.33 in May 2020, about 43% below the United States mainland average of $27.07, the US Bureau of Labor Statistics reported. Chief Regional Economist Martin Kohli said that after testing for statistical significance, all 22 major occupational groups […]
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Carnival Mardi Gras to stop in Puerto Rico during its maiden voyage
June 14, 2021
The maiden voyage of the newest and most modern cruise of the Carnival line, the Carnival Mardi Gras, will include a stop in the Port of San Juan in August, Puerto Rico Tourism Company Executive Director Carlos Mercado confirmed. The stop is part of the agency’s efforts to expand options for maritime access to the […]
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USDA starts cycle to help build, repair household water systems in rural communities
June 14, 2021
The US Department of Agriculture (USDA) announced it is seeking applications for grants from qualified organizations for loans to help rural homeowners finance household water systems. The USDA is making funds available through the Rural Decentralized Water Systems Grant program, Luis R. García, acting state director for Puerto Rico, confirmed. Through this program, the USDA […]
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FEMA awards funding to repair sports and recreation facilities
June 11, 2021
Several sports facilities in Aguadilla, Aibonito, Barranquitas, Carolina and Toa Baja will be repaired using an obligation of nearly $13.3 million in funds from the Federal Emergency Management Agency (FEMA). Some of these are in the design and planning process, while work in others has already been completed. “In addition to serving as places for […]
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Science Trust grants program commits $1.8M to science, tech innovation
June 11, 2021
As part of its mission to support scientists and researchers to take Puerto Rico’s knowledge economy to a higher level of excellence, the Research Grants Program of the Puerto Rico Science, Technology and Research Trust has awarded $1.8 million to 15 science and technology research projects during 2021, the organization announced. The grants seek to […]
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Short-term vacation rental platform Join a Join shows steady growth amid pandemic
June 11, 2021
Puerto Rican vacation home rental company Join a Join, established in 2015 by brothers Steve and Mike Leung, has achieved steady growth in the number of nights booked through its platform before and during the pandemic. The platform in which users reserve their rentals ahead of time has tripled the number of visits, showing trends […]
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