NY Fed to launch ‘Investment Connection’ program in P.R. this fall
July 17, 2019
The New York Fed announced it is launching its “Investment Connection” program to boost investments in regional community development financing. The program’s first phase will begin in Fall 2019 in Puerto Rico, where the New York Fed is working to rebuild the island’s economic resiliency in the aftermath of Hurricane María. The program will help […]
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New car sales show 6.3% increase in June, vs. same month in ’18, GUIA says
July 17, 2019
The United Automobile Importers Group announced that a total of 10,200 new cars were sold in Puerto Rico last month, representing a 6.3% increase vs. the 9,596 units sold during the same month in June 2018. GUIA, as the trade group is known by its initials in Spanish, said the increase so far this year […]
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Op-Ed: Needed — Independent inspector general, review of all contracts
July 17, 2019
The Puerto Rican government has imploded spectacularly over the last two weeks. Multiple cabinet-level officials have resigned or been fired, and former cabinet officials have been arrested in an FBI corruption probe. The scandal has led to an overwhelming call for Gov. Ricardo Rosselló to resign. Two former cabinet officials, as well as several individuals […]
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P.R. Chamber of Commerce, Birling Capital sign collaboration agreement
July 17, 2019
The Puerto Rico Chamber of Commerce and investment and business firm, Birling Capital Advisors, LLC, have signed a collaboration agreement to promote among the trade group’s membership and the local business community the importance of investments. Birling Capital Advisors, chaired by Francisco Rodríguez-Castro, offers advisory and corporate finance services focused on the needs of institutional, […]
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Builders, Farm Bureau condemn acts of government corruption
July 15, 2019
The Puerto Rico Builders Association and the Puerto Rico Farm Bureau, two professional organizations representing thousands of local members, voiced their rejection of recently uncovered acts of government corruption, which has “tainted the island’s reputation. In a statement the Builders Association, through its President Emilio Colón-Zavala, said “Puerto Rico and its institutions, both in the […]
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Hospitals, doctors, med schools, health providers join to attack P.R.’s medical crisis
July 15, 2019
Considering the crisis that exists on the island due to the shortage of doctors and specialists, Salvador F. Rovira-Rodríguez decided to join all of the industry’s components in one place to establish a structure that, in a short term, allows Puerto Rico to alleviate the crisis. To address that goal, he created the Health Industry […]
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Millenials in P.R., Mississippi have lowest credit card debt, study shows
July 12, 2019
Millennials in Puerto Rico carried the least amount of credit card debt of any state, with an average balance of $2,906 per person, in the first quarter of 2019, according to a study conducted by credit reporting agency Experian. Mississippi millennials had the second-lowest debt, with an average credit card balance of $3,887. These balances […]
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EPA chief visits P.R. to review recovery initiatives post-’17 hurricanes
July 12, 2019
U.S. Environmental Protection Agency Regional Administrator Pete Lopez visited Puerto Rico recently as part of the agency’s “aggressive efforts” to advance recovery from Hurricanes Irma and María, as well as tackle ongoing environmental challenges in the Caribbean. The trip included participation in forums, with an array of community groups such as the San Juan Bay […]
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Serafina Beach Hotel ranks among the 25 best resorts in the Caribbean
July 12, 2019
Travel publication Travel & Leisure has selected Serafina Beach Hotel among the 25 best resorts in the Caribbean in 2019. The first boutique and lifestyle hotel concept created by the owners of the Serafina Restaurant Group global brand, ranked 23 with a score of 92.21% and was the first of only two properties to be […]
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USDA approves $600M in new Nutrition Assistance Program funds for P.R.
July 11, 2019
Puerto Rico residents continuing to recover from 2017’s hurricanes could be eligible for increased nutrition assistance funded by U.S. Congress and provided through a grant from the U.S. Department of Agriculture. This temporary assistance of $600 million in new benefits will be distributed through Puerto Rico’s Nutrition Assistance Program (NAP) beginning as early as August, […]
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U.S. Congress introduces $14B Medicaid parity bill for P.R., U.S. territories
July 11, 2019
U.S. Congressman Darren Soto introduced bipartisan legislation to provide equal access to federal resources for Medicaid to American citizens living in U.S. territories, the lawmaker’s office announced. H.R. 3631, known as the Territories Health Care Improvement Act, increases the limit on Medicaid payments and the federal medical assistance percentage for the five U.S. territories: Puerto […]
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PR Computer Services marks 46th anniversary, renovation of facilities
July 11, 2019
PR Computer Services, founded in 1973, is marking 46 years in the market, where it pioneered data storage and technological support, founder Luis Arabía said. “Forty-six years ago, we were able to see the trend to the ongoing use of technology for business management, and the growing need to support these systems and store all […]
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Stantec gets $3M contract for infrastructure damage assessment in P.R.
July 11, 2019
Global design and engineering firm Stantec has been awarded a $3 million assignment to lead engineering services for infrastructure damage assessments in Puerto Rico, it announced. The project was awarded under Stantec’s indefinite-delivery/indefinite-quantity contract with the Eastern Federal Lands (EFL) Division of the Federal Highway Administration involving highway and/or bridge design and engineering services in […]
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12 co.’s graduate from P.R. Export Manufacturing Extension’s 1st Export Academy
July 11, 2019
Puerto Rico Manufacturing Extension Inc. graduated the first 12 local companies to complete the 1st Primex Export Academy, the organization announced. In addition, a panel of judges chose a group of the companies to participate in a trade mission sponsored by the organization. The companies that graduated and now have an export plan are; Environmental […]
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Ferry rates for trips between Puerto Rico-Vieques-Culebra will increase with privatization
July 10, 2019
The rates charged to take the ferry between Puerto Rico and its island municipalities of Vieques and Culebra will begin increasing gradually after the service is transferred to a private operator, Public Private Partnership Authority Executive Director Omar Marrero confirmed. In an interview during the “En Una Hora” program on 11Q 1140 AM — in […]
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