Gov’t unveils plans for $300M thermal ocean energy project
February 21, 2020
The Department of Economic Development and Commerce unveiled a master plan to develop the $300 million Puerto Rico Ocean Technology Complex, or PROtech, to generate thermal ocean energy. Agency Secretary Manuel Laboy also unveiled plans to seek new energy sources through other eco-friendly developments and scientific research along Puerto Rico’s southeast area. “This project is […]
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Economic development experts launch Tax Incentives Association
February 21, 2020
A team of economic development experts from Puerto Rico announced the launch of the Tax Incentives Association (TIA), a nonprofit association created to educate, investigate, analyze economic results and serve as promoters of Puerto Rico’s economic development through the attraction of new and diverse investments into the island. TIA’s vision is to “have Puerto Rico’s […]
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Op-Ed: A conundrum — What will happen to FirstNet in Puerto Rico?
February 21, 2020
A conundrum is a mystery, a puzzle, an enigma. And in Puerto Rico many go unresolved for months, years and even decades. A big mystery looming in the horizon on the already debt-ridden government of Puerto Rico is the fate of the FirstNet broadband network, with its corresponding implications to the sustainability of our public […]
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OBoard: Allowing foreign air carriers to expand will make P.R. ‘regional hub’
February 21, 2020
The Financial Oversight and Management Board for Puerto Rico welcomed the decision by the U.S. Department of Transportation to tentatively grant Puerto Rico’s request to allow foreign air carriers to engage in expanded cargo and passenger transfer operations at Puerto Rico international airports. “Removing regulatory burden that inhibits cargo commerce between Puerto Rico, the mainland, […]
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SBA offering grants to train women veteran entrepreneurs
February 21, 2020
The U.S. Small Business Administration announced that nonprofit organizations, state and local agencies, and institutions of higher learning are eligible to compete for funding of up to $300,000 to deliver entrepreneurship training to women service members, women veterans and women military spouses. Up to six awardees will split the grants administered by SBA’s Office of […]
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U.S. Dept. of Transportation paves way to ease P.R.’s air cargo, passenger restrictions
February 20, 2020
The U.S. Department of Transportation has issued the first notice in favor of granting Puerto Rico a waiver to allow foreign airlines to perform certain cargo and passenger transfer services at international airports on the island, local government officials announced. The federal agency’s decision comes after eight months of analysis, kicking off a 14-day public […]
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P.R. restaurant sales at $1.9B ’19, down 6.5% vs. ’18, study confirms
February 19, 2020
Puerto Rico’s restaurant industry generated more than $1.9 billion in 2019, a decrease of 6.5% compared to 2018, according to an economic study commissioned by the Puerto Rico Restaurants Association, or ASORE in Spanish. The decrease was attributed to a loss in population and the lack of family income growth. The research was conducted a […]
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Loon seeks FCC’s OK to launch project trial in P.R.
February 19, 2020
Loon, a subsidiary of Alphabet Inc. — Google’s parent company — has filed an application asking the Federal Communications Commission to grant an experimental license to conduct a market trial that calls for transmitting broadband service to maritime vessels from fixed base stations in Puerto Rico. In its petition, where most of the proprietary content […]
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Tourism Alliance for P.R. blasts ‘lack of activity on P3 for San Juan docks
February 19, 2020
The Tourism Alliance for Puerto Rico denounced the government’s lack of activity related to a series of agreements related to the public-private partnership in the works for the San Juan docks, which sought to protect the island’s “threatened tourism industry.” During a news conference, the group that represents public- and private-sector representatives of the tourism […]
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Op-Ed: Rattled but not broken, working together to help P.R. recover
February 19, 2020
On Dec. 28, an earthquake rattled Puerto Rico’s southwest coast, destroying homes and cultural treasures. Unfortunately, it was just a precursor to a magnitude 6.4 temblor that struck the same area on Jan. 7. The government of Puerto Rico, the Puerto Rico Emergency Management Bureau, their supporting government agencies and local community leaders immediately began […]
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USDA opens call for applications to support rural transportation systems
February 19, 2020
The U.S. Department of Agriculture announced it is accepting applications for grants to improve rural transportation systems. The funding is available under the Rural Business Development Grants program for intermediaries seeking to provide rural communities with training and technical assistance to improve transportation services and facilities. USDA does not provide funding directly to individuals under […]
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Ricoh hosts Imagine Lab workshop to develop STEAM centers
February 19, 2020
Ricoh recently hosted its Imagine Lab workshop to help educational institutions evolve at the increasingly fast pace of the digital world. The event was held during the Private Education Congress at the Convention Center in Miramar last week. During the sessions, participants experienced first-hand interactive learning, robotics, 3D project, among others, to learn the keys […]
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Pres. Clinton visits Caguas clinic benefited by his nonprofits
February 18, 2020
Former U.S. Pres. Bill Clinton visited SANOS Corp. to tour the 330 health center in Caguas and learn about the successful results of the naxolone program funded by Direct Relief and the Clinton Foundation, clinic officials confirmed. The president and former Secretary of State, Hillary Rodham Clinton are in town this week for a meeting […]
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Businesses in P.R.’s southwestern region ‘optimistic, grateful’ for support
February 18, 2020
Several business leaders from the southwest tourist regions expressed their gratitude for the general support they are receiving, saying they feel “optimistic about the level of socioeconomic recovery that they may reach in the coming months.” In a release, a group of businesses represented by several trade groups thanked mayors, lawmakers, artists, the Chambers of […]
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Delta employees in P.R. receive $1M in profit sharing payouts
February 18, 2020
Delta Airlines paid out $1 million to its 106 employees in Puerto Rico as part of this year’s global $1.6 billion company-wide distribution, the carrier announced. The total figure — a record for a U.S.-based company — will have an even bigger impact on local communities than the already sizeable number suggests. “The San Juan […]
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