FirstBank, the second leading financial institution of Puerto Rico, is reasserting its commitment to the island’s economic growth by formalizing a strategic alliance with the largest and most technologically advanced meeting complex in the Caribbean, the Puerto Rico Convention Center.
Nonprofit Ciencia Puerto Rico (CienciaPR), in collaboration with Yale University, received a grant from the National Science Foundation (NSF) to encourage Puerto Rican students to explore, present, and implement scientific solutions to the challenges created by hurricanes Irma and María.
The former mansion that once housed a Chilli’s restaurant in the Condado area of San Juan has been razed to make way for an 18-story residential building called the Peninsula.
A ribbon-cutting ceremony last week at the U.S. General Services Administration (GSA) Federal Center here marked completion of construction on a $6 million build-out project to relocate the U.S. Customs and Border Protection’s (CBP) San Juan Laboratory.
Sportech Racing and Digital, a division of Sportech PLC based in New Haven, CT, has entered into a new long-term contract with Puerto Rico’s Camarero Racetrack for totalizator services and web and mobile pari-mutuel betting platforms.
Business accelerator Parallel18 (P18), announced that 40 local companies were selected to enter the pre-18 preparatory program that begins in April and will grant $20,000 in funds, among other benefits, for the development of their businesses.
Colmena66 marked International Women’s Day by noting the importance of female entrepreneurship, noting its network includes 10 business-building organizations that support women in Puerto Rico.
The Puerto Rico Science, Technology and Research Trust held its first Open House for the Puerto Rico Vector Control Unit (PRVCU) to present its strategy for the integrated management of vectors, and also highlight the projects the initiative has undertaken since its creation in September 2016.
The National Health IT Collaborative for the Underserved, in cooperation with HIMSS and HX360, hosted the "Leveraging Health IT to Address Health Disparities: A Leadership Conference", which brought together national leaders who discussed how to leverage the Federal Communications Commission’s Lifeline program, as part of a disaster preparedness-and-response network.
Federal Communications Commission Chairman Ajit Pai said the funding the agency is proposing to assign Puerto Rico will be disbursed on a competitive basis by geographic area, or towns, to repair and restore telecom networks and services destroyed by Hurricane María.
Puerto Rico lost an estimated $28.8 million in sales and reflected a 12 percent reduction in its payroll in the first four months after Hurricane María passed through the island, mostly due to the lack of power that kept businesses closed, according to research presented during a forum held by the Retail Association.
With two weeks remaining before the deadline to register with the Federal Emergency Management Agency, more than $2.2 billion in federal aid is helping fuel the recovery for households and businesses in Puerto Rico, the agency said.
Hispanic Leadership Fund President Mario H. López and nine other signatories from free market organizations sent a letter to key members of Congress, calling for a hearing on the lack of progress made by the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) Oversight Board in the 18 months of their commission.
Freddie Mac and Fannie Mae announced they are both extending the suspension of all foreclosure sales through May 31, 2018 for mortgaged premises located in jurisdictions designated as Eligible Disaster Areas in Puerto Rico and the U.S. Virgin Islands as a result of Hurricane Irma or Hurricane María.
Medical device manufacturer Medtronic, in partnership with health insurance provider Triple-S and Salus, inaugurated the first non-occupational health clinic at the plant’s Juncos campus, to serve employees and their families.
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