U.S. Treasury assigns $2.5M in grants to 20 credit unions
September 20, 2019
The U.S. Department of the Treasury awarded $2.5 million in grants to 20 credit unions through its Community Development Financial Institutions Fund to develop more community impact projects, the Credit Union Executives Association announced. Each credit union will receive $125,000 to allow them to prepare to access federal and private funds that will be invested […]
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T-Mobile bestows $10K grants each to 3 P.R. nonprofits
September 20, 2019
On the two-year anniversary of Hurricane María’s devastating path through Puerto Rico, wireless carrier T-Mobile announced the first round of its T-Mobile Foundation Regional Grants for Puerto Rico, granting $10,000 each to Para la Naturaleza, Extra Bases Foundation and the Special Olympics. Since the hurricane devastated the island, T-Mobile has spared no expense to rebuild […]
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FirstBank Platinum Banking presents ‘Visiones Paralelas’ exhibit
September 20, 2019
FirstBank Plaatinum Banking Art Series will feature the “Visiones Paralelas” exhibit by artists Williams Carmona and Michaela Soto, at its Ashford Ave. branch in Condado through December, the financial institution announced. The exhibition features 30 pieces comprising paintings, sculptures and acrylics. “We started the FirstBank Platinum Banking Art Series initiative with emerging artists Eduardo Cabrer, […]
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P.R. recognized as ‘vanguard’ tourist destination at Skift Global Forum
September 20, 2019
Puerto Rico Tourism Co. Executive Director Carla Campos traveled to New York to share with travel and tourism executives the successful strategies used to achieve a “healthy recovery,” despite the complicated scenario of the past two years and the growth opportunities currently available in the industry. Campos was invited to speak during a workshop entitled […]
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Gov’t proposes new rate structure for P.R./Vieques/Culebra ferry service
September 19, 2019
The Maritime Transportation Authority is proposing a change the fare structure for ferry service between Puerto Rico and the island municipalities of Vieques and Culebra that would charge non-residents $11.25 per trip. Fares for residents of the two islands would remain the same. The proposed revisions also call for hikes on fees charged to transport […]
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Grupo Guayacán pumps $1.2M into 175 Puerto Rican biz ventures post-María
September 19, 2019
A total of 175 Puerto Rican business ventures benefited from $1.2 million in funding granted over the past two years by Grupo Guayacán Inc. to boost the island’s recovery after the devastating hit of Hurricane María in September 2017, the nonprofit said. Among the business, 42 were projects in the idea development stage, 100 were […]
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SBA graduates 39 co.’s from Emerging Leaders Program in P.R.
September 19, 2019
The U.S. Small Business Administration graduated 39 companies from its Emerging Leaders program in Puerto Rico, completing the fifth cycle of the training series offered to small business entrepreneurs on the island, with cohorts in San Juan and — for the first time — in Ponce. “The desire to continue moving our island forward, even […]
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’19 Ford Environmental Grants Program announces 6 winning projects in P.R.
September 19, 2019
As part of its objective of contributing to a more sustainable future through supporting community efforts focused on natural resources conservation and management, the Ford Environmental Grants program distributed $40,000 among the six winning projects of the 2019 edition. The award-winning community projects of this edition are: Bucaré Urban Garden, by the Coalition for the […]
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Science Trust, NASA unveil new real time hurricane monitoring tool
September 19, 2019
A new tool is now available to monitor the atmospheric phenomena of the season in real time thanks to the Collaboration Portal of the Puerto Rico Science, Technology and Research Trust and the National Aeronautics and Space Administration, the entities announced. Forecasted storm trajectory, wind speed, expected rain and projected storm surge are some of […]
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OBoard to hold public hearing on economic development on Sept. 26
September 19, 2019
The Financial Oversight and Management Board for Puerto Rico will hold a public hearing on economic development on Sept. 26 at the Puerto Rico Convention Center, rooms 208 and 209 beginning at 1 p.m. The hearing will focus on the status and impact of the “Ease of Doing Business” reforms being carried by the government […]
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P.R. revenue collections reach $1.05B in July, Treasury Dept. says
September 18, 2019
Preliminary net revenues collected and deposited into Puerto Rico’s General Fund for the recently begun Fiscal 2020 totaled $1.05 billion, Treasury Secretary Francisco Parés said. “July 2019 revenues surpassed last year’s revenues by $305.5 million, a 41.2% increase,” he said, adding that July 2019 revenues were $159.9 million above projections. The corporate income tax category […]
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P.R. retail sales ‘kept the pace’ in July 2019, gov’t confirms
September 18, 2019
Retail sales reached the second highest level for a month of July in the past decade, with nearly $2.9 billion in activity, Puerto Rico Trade and Export confirmed. The highest month in sales over the past decade was July 2018 with a total $3 billion, which the agency described as “totally atypical behavior” when compared […]
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Kincentric opens P.R. office to offer human resources, advisory services
September 18, 2019
Chicago-based Kincentric, a company with expertise in engagement, leadership assessment and development, and Human Resources and talent advisory services, has recently being launched in the Puerto Rican market as a result of Aon’s agreement to sell businesses within its talent practice to Spencer Stuart, a global leading executive search and leadership advisory firm. The scope […]
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‘Best Lawyers’ guide accepting nominations for P.R. attorneys
September 18, 2019
“Best Lawyers,” the oldest and most respected guide to the legal profession, is currently accepting nominations for the 8th edition of The Best Lawyers in Puerto Rico. Nominations can be submitted by the general public, clients, other practicing lawyers, and marketing teams. Lawyers may not nominate themselves, the publication stated. All lawyers included in the […]
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P.R. entrepreneurs confirm benefits of federal grants on their businesses
September 17, 2019
Local entrepreneurs and researchers who have marketed their innovations thanks to federal grant programs and the support of local business ecosystems organization gathered in San Juan to celebrate and share their success stories. The testimonials came during “The Faces of Innovation in Puerto Rico: SBIR Road Tour Kickoff” event organized by the Puerto Rico Science, […]
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