Gov’t unveils list of allowed commercial activities for P.R.’s Opportunity Zones
August 22, 2019
The Opportunity Zones Priority Projects Committee has established a list of qualified commercial activities by geographical area for the development of priority projects, pursuant to Law 60-2019, as the government revealed. Committee Chair and the government’s CFO, Omar J. Marrero, said this ordinary process is “an important step toward facilitating this investment mechanism and reinforcing […]
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USDA investing $9.3M in 9 renewable energy projects
August 22, 2019
The U.S. Department of Agriculture is awarding additional $9.3 million through the Rural Energy for America Program (REAP) for renewable energy and energy efficiency projects to reduce energy cost for farmers, agricultural producers and rural-based business and institutions. USDA Rural Development State Director for Puerto Rico Josué E. Rivera said the new round of funding […]
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HCOA marks 22nd anniversary, bets on tech, exclusivity for members
August 22, 2019
With more than 500 employees, more than 25,000 members, 14 fitness clubs and two CrossFit boxes, HCOA Fitness, the largest gym chain in Puerto Rico and the Caribbean, will celebrate its 22nd anniversary in September. Company officials attributed the “constant research of global trends and making them accessible to the local market,” for its growth. […]
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Mastercard opens P.R. office in Hato Rey to expand e-payment ecosystem
August 22, 2019
Technology giant Mastercard officially opened its local office in Puerto Rico, which company officials described as a “milestone for the local market.” “The opening of the Puerto Rico office demonstrates Mastercard’s commitment to building an innovative and secure payments ecosystem for the island and the Caribbean” said José Vargas, Mastercard Country Manager for Puerto Rico […]
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U.S. Dept. of Labor probe recovers $1.4M in back wages for 1,853 P.R. workers
August 21, 2019
Following a U.S. Department of Labor Wage and Hour Division (WHD) investigation, Xperts Inc. — a San Juan-based disaster response contractor — has paid $1,341,829 in back wages to 1,853 employees to resolve violations to several agency regulations. The federal agency announced it found breaches to the McNamara-O’Hara Service Contract Act (SCA), the Contract Work […]
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Resident Commissioner pursues equality in Medicare Part D for P.R.
August 21, 2019
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González introduced the Territories Medicare Prescription Drug Assistance Equality Act, a bipartisan bill to make premium and cost-sharing subsidies available to low-income Medicare Part D beneficiaries who live in Puerto Rico and other U.S. territories. Medicare Part D is a voluntary outpatient prescription drug benefit for people with […]
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Ports Authority confirms P3 deal for cruise ship ports to be announced this month
August 21, 2019
The Puerto Rico Ports Authority will announce the companies chosen to enter into a public-private partnership to repair, design run and manage the cruise ship ports in the San Juan bay. Agency Executive Director Anthony Maceira confirmed the information after meeting with shipping agents and members of the of the Puerto Rico Shipowers Association to […]
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AGC-PR launches committee to promote women in construction
August 21, 2019
The Puerto Rico Chapter of the Association of General Contractors of America announced the creation of the Women in Construction Committee to promote the inclusion of women and increase their participation in construction projects in Puerto Rico. Puerto Rico is the first in 89 chapters within AGC of America to establish a formal committee to […]
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JetBlue Airways will be recruiting employees in San Juan on Aug. 21-22
August 21, 2019
JetBlue Airways, Puerto Rico’s largest airline, will be in San Juan accepting applications for those who want to join its staff. To that effect, the carrier will be offering informative sessions, during which potential applicants will be able to meet with the airline’s team, get a better understanding of the role of the on-board flight […]
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COR3 seeks contractors for debris removal, demolition of 15,495 properties in P.R.
August 20, 2019
The Central Office of Recovery, Reconstruction and Resiliency, known as COR3, has issued a request for proposal to implement a Private Property Debris Removal and Demolition program, to be funded by Federal Emergency Management Agency. “The debris removal and demolition process of a private structure that may pose a risk to the environment entails a […]
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P.R.-based firm V2A offers scholarship, paid internships to outstanding students
August 20, 2019
V2A, a strategic planning and operational development consulting firm with more than 15 years of experience in counseling executive teams from a variety of business sectors, announced the establishment of the Visioneer Scholarship Program. This educational scholarship offers $3,000 to an outstanding university student, combined with an opportunity to be a part of the firm’s […]
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UBS Wealth Management customers get $4.8M award from lawsuit
August 19, 2019
An arbitration panel awarded customers of UBS Wealth Management in Puerto Rico more than $4.8 million in their lawsuit against the brokerage firm, according to law firm Shepherd, Smith, Edwards & Kantas. The firm has filed and continue to pursue lawsuits against the brokerage firms and its brokers that were “involved in selling these toxic […]
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P.R.’s new car sales on downward spiral in July, with 21.2% drop
August 19, 2019
The United Automobile Importers Group announced that a total of 7,631 new cars were sold in Puerto Rico last month, representing a 21.2% decrease compared to the 9,724 units sold during the same month last year. The trade group known as GUIA for its initials in Spanish, said the segments that saw the biggest sales […]
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Ports Authority invests $11.8M in infrastructure improvements at Ponce airport
August 16, 2019
The improvement project underway at the Mercedita International Airport in Ponce are moving ahead as scheduled, representing an investment of $11.8 million Puerto Rico Ports Authority executive director Anthony Maceira said. Mercedita is the island’s third-largest airport on the island based on passenger volume. For fiscal year 2018-2019, which ended June 30, Ponce’s Mercedita Airport […]
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P.R. gov’t seeks asset manager for PRIDCO-owned properties
August 16, 2019
The Puerto Rico Fiscal Agency and Financial Advisory Authority (known as AAFAF in Spanish) published a Request for Qualifications (RFQ) that seeks to identify qualified parties to manage properties owned by the Puerto Rico Industrial Development Company. The RFQ is meant to identify one or more qualified parties who manage properties, which include lands and […]
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