Salvation Army, FEMA partner to provide $20M+ to rehab hurricane-ravaged homes
July 10, 2020
More than 28,000 families in Puerto Rico have been able to rehabilitate their homes with voluntary help from The Salvation Army and the Federal Emergency Management Agency, which have provided more than $20 million in household items. Through the Salvation Army’s House to Homes program, more than 80 nonprofits have reached out to families affected […]
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UPR-Mayagüez gets $300K grant to help region recover from COVID-19 economic impact
July 10, 2020
The U.S. Department of Commerce’s Economic Development Administration (EDA) announced it is awarding a $300,000 CARES Act Recovery Assistance grant to the University of Puerto Rico’s Mayagüez campus to boost its capacity to support regional economic development strategies in response to the COVID-19 pandemic. “This investment comes at a crucial time to help Puerto Rico’s […]
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Op-Ed: Puerto Rico far from complying with United Nations’ Sustainable Goals Agenda
July 10, 2020
In 2015, the United Nations General Assembly held its Sustainable Development Summit. During said event, 17 objectives that make up its 2030 Sustainable Development Agenda were approved and adopted. Some 193 member countries ratified the route to a new paradigm of global development by laying out a path or blueprint for achieving it. What are […]
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Gasoline retailers hail new law banning refineries from operating gas stations
July 10, 2020
The Gasoline Retailers Association praised the approval of amendments to Law 3 of 1978, which regulates Puerto Rico’s gasoline sector to ban refineries from directly operating gasoline stations on the island. Among the amendments to the old law achieved through the new Law 60 of 2020 are: Redefining terms such as oil producer, wholesale distributor […]
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Restaurant sector leader urges ongoing compliance with safety protocols
July 10, 2020
Six weeks after the partial reopening of restaurant dining rooms after the lockdown called to curb the COVID-19 pandemic, the head of the Puerto Rico Restaurants Association, Marisol Vega, urged operators to uphold safety and hygiene protocols. The group known as ASORE in Spanish established its own set of guidelines based on Center for Disease […]
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10 Puerto Rico co.’s secure SBA-backed PPP loans of between $5M-$10M
July 9, 2020
The U.S. Small Business Administration revealed it has guaranteed nearly 2,000 loans for between $150,000 and $10 million through its Payroll Protection Program in Puerto Rico, totaling a little more than $1 billion as of June 30. These loans are added to the nearly 36,000 SBA-backed loans of less than $150,000, which represent another $741.4 […]
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25 film projects worth $148M in investments set to roll in Puerto Rico
July 9, 2020
Twenty-five romance, comedy and action films representing $148 million in investments are slated to roll in Puerto Rico beginning in the second half of this year, Department of Economic Development and Commerce Secretary Manuel Laboy confirmed. The productions are backed by the agency’s Film Industry Development Program. “This second semester of the year has a […]
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$3.6M improvements at Ceiba regional airport take flight
July 9, 2020
The Puerto Rico Ports Authority confirmed the start of runway pavement improvements at the José Aponte de la Torre regional airport in Ceiba, at a cost of some $3.6 million. Agency Executive Director Joel A. Pizá-Batiz said the project was deemed necessary as part of a pavement inspection program at all airports under its jurisdiction, […]
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Brasas Buffet restaurant opens in Villalba after $180,000 investment
July 9, 2020
Brasas Buffet restaurant will open its doors in the town of Villalba this week, featuring a menu of BBQ-grilled meats and a buffet, following an investment of $180,000, the establishment’s owners said. “Villalba will have a buffet food offer for the first time,” said Owner Jorge Negrón. “We want to offer our visitors a variety […]
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Aerostar boosts protection measures at LMM airport ahead of tourism reopening
July 8, 2020
Faced with the worldwide threat posed by COVID-19, Aerostar Airports, a company that operates the Luis Muñoz Marín International Airport, has boosted security and prevention measures to protect visitors, employees and its community, company executives confirmed. During a tour of Puerto Rico’s main airport facility, Aerostar CEO Jorge Hernández said the goal is to turn […]
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Puerto Rican startup turns to unconventional data to gauge economic effect of COVID-19
July 8, 2020
Given the lack of up-to-date data for Puerto Rico’s economic activity, local startup Abexus Analytics has turned to unconventional data sources to gauge the performance of the economy during the COVID-19 crisis. The findings are included in a report titled “The Economy is not reserved for Economists,” which takes a technical tour of the issues […]
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Puerto Rico gov’t opens RFQ for $300M thermal ocean energy project in Yabucoa
July 8, 2020
The Department of Economic Development and Commerce opened the call for Request for Qualifications to identify potential candidates to develop the proposed $300 million Puerto Rico Ocean Technology Complex (PROTech) in Yabucoa. Economic Development Secretary Manuel Laboy unveiled the master plan for the project that also involves the Puerto Rico Land Administration. “PROTech is an […]
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FEMA assigns $18.5M+ in additional funds for 77 recovery projects in Puerto Rico
July 8, 2020
Reconstruction projects in Puerto Rico for Hurricane María recovery efforts continue with the assignment of more than $18.5 million in additional funds for 77 projects approved by the Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction, and Resilience, or COR3. The funds were awarded between June 26 and July 1, of which […]
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Op-Ed: Developing startups via tech innovation key to Puerto Rico’s progress
July 8, 2020
Technological innovations not only transform, evolve and improve certain products or services; they also drive economic growth. To achieve such innovation, companies need to walk the talk and pave the road to success for other entrepreneurs in their economic landscape. Some actions in that direction include promoting good concepts, enabling support networks and providing adequate […]
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Puerto Rico drivers given extra time to renew expired licenses, IDs
July 8, 2020
The Department of Transportation and Public Works announced the signing of an order to extend the validity of Puerto Rico driver’s licenses and identifications that expired during this year, in a phased manner. Transportation Secretary Carlos M. Contreras said approving Resolution 2020-15 gives island residents holding expired licenses “enough time to get their appointment and […]
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