FEMA, COR3 allocate $2.7M to fund 22 recovery projects in P.R.
January 15, 2020
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $2.7 million in additional funds for 22 recovery and reconstruction projects in Puerto Rico. These funds were obligated Jan. 3-9, the agencies said. “FEMA and COR3 continue to work together to develop strategies that advance […]
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Liberty Puerto Rico says services are back to normal post-earthquakes
January 15, 2020
More than 90% of Liberty Puerto Rico customers islandwide already have access to their video, internet and telephony, company President Naji Khoury confirmed. The executive added that all Liberty stores and kiosks around the island are operating full-time, with the exception of the Ponce Mall store, which is closed for security reasons until further notice. […]
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Op-Ed: 7 steps to cut down on your tech habits
January 15, 2020
By Julia A. FernándezSpecial to News is my Business Tech addiction is real. And it is spreading at a rapid pace all over the world. Teenagers and adults alike are addicted to screens, and Puerto Rico is no exception. You would find people, particularly teenagers, engrossed in their phones oblivious to their surroundings. Technology has […]
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Food delivery app Uva! joins efforts to aid earthquake victims
January 15, 2020
Puerto Rican company Uva!, creator of the food delivery app, has joined efforts to help residents of the southern area affected by the recent earthquakes. Through the application or its website, people can buy one or more Uva! Kits, which will the company will deliver in the communities with the greatest need. There are three […]
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Carranza starts 2nd tenure as SBA’s 26th administrator
January 15, 2020
Jovita Carranza was sworn in today as the 26th administrator of the U.S. Small Business Administration (SBA), the only federal agency exclusively dedicated to assisting small business owners and entrepreneurs in starting, growing, and expanding their businesses and providing targeted recovery support in declared disasters. This is Carranza’s second tenure at the SBA, having served […]
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SBA extends comment period for consolidation of Mentor Protégé Programs
January 14, 2020
The U.S. Small Business Administration is extending the comment period an additional 21 days for the proposed rule in the Federal Register to consolidate SBA’s Mentor Protégé Programs. “The SBA has proposed to merge the 8(a) Business Development (BD) Mentor-Protégé Program and the All Small Mentor-Protégé Program to eliminate confusion and unnecessary duplication of functions […]
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Former Sagrado Corazón parking in Hato Rey to become Wagons 27 Food Truck Lot
January 13, 2020
A little more than two years after the government sold it, the former Sagrado Corazón Urban Train station parking lot will become the Wagons 27 Food Truck Lot, where some 30 food trucks and small restaurants will open in early March, this media outlet confirmed. Randolph Rivera-Aulet, who is in charge of the operation, explained […]
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Small inns have 400 rooms available for displaced earthquake victims
January 13, 2020
The members of the Puerto Rico of Small Inn Owners and Tourism Association are making more than 400 rooms available for Puerto Rico residents who have been affected by the recent earthquakes in the southern area of the island, emergency response personnel, and whoever does not feel safe in their home. “We’ve verified all our […]
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Destilería Serrallés opens collections center in Guaynabo, to deliver to South
January 13, 2020
Serrallés Distillery Inc. today will open two collection centers at its operations in Guaynabo and Ponce to collect donations of essential items as part of the help it will deliver to communities and citizens in the area affected by earthquakes in the island’s southern region. The list of items that can be delivered to both […]
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FCC: 31.7% of P.R.’s wireless cell sites are out-of-service post-earthquake
January 10, 2020
The Federal Communications Commission’s Public Safety and Homeland Security Bureau confirmed that 31.7% of the cell sites providing wireless communications in Puerto Rico are out of service as a result of this week’s earthquakes. In total, cable and wireline companies reported 258,637 out-of-service subscribers in Puerto Rico as of Jan. 8, which may include the […]
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New York Fed announces participants for Investment Connection program in P.R.
January 10, 2020
The Federal Reserve Bank of New York announced the 30 participants for the Investment Connection program in Puerto Rico, a program that seeks to enhance investments in community development financing by matching local organizations whose needs qualify for credit under the Community Reinvestment Act (CRA) with banks and other investors. Launched in September 2019, the […]
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Popular plans to repurchase $500M of its own stock, increase value
January 10, 2020
Popular Inc. announced it will carry out common stock repurchases of up to $500 million and an increase in its quarterly common stock dividend from $0.30 per share to $0.40 per share, starting in the second quarter of 2020. “We are pleased to announce our proposed capital actions for 2020 which are in line with […]
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Amnesty International P.R. blasts govt’s ‘slow and ineffective’ response to earthquake
January 10, 2020
Amnesty International Puerto Rico made a call to the local and federal governments to ensure that relief and reconstruction efforts protect human rights following the earthquakes earlier this week, and the ongoing seismic activity. “It is very worrying that the government of Puerto Rico has not provided an adequate and immediate response to the predictable […]
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Bravo Family Foundation Exec. Dir. García-Guerra passes away
January 10, 2020
Guiomar García-Guerra, a longtime member of the nonprofit and philanthropic community, and executive director of the Bravo Family Foundation, passed away on Jan. 6, said Orlando Bravo, founder of the organization. García-Guerra was appointed to her position in April 2018, when she immediately began building a long-term plan for the foundation’s permanent mission in Puerto […]
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College of Engineers and Surveyors works on ‘coherent reconstruction plan’
January 9, 2020
The Puerto Rico College of Engineers and Surveyors has constituted a permanent assembly until the critical stage of the emergency left by the earthquakes is over, organization president Juan Alicea-Flores said. “The organization is collecting key data and evaluating it, to determine the state of structures and infrastructure and the possibility of restoration,” said Alice, […]
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