Ahead of the election year, the administration reviews and pledges its support through investments and initiatives. #NewsismyBusiness
First-ever Community Resilience Estimates found that nearly half of the island’s population has three or more risk factors, more than double the stateside population. #NewsismyBusiness
In-person and virtual classes wrap EDA’s post-Maria economic recovery work. #NewsismyBusiness
This represents nearly $28 billion in funds.
Work on Coamo’s MRP began in May 2022 and will continue for six months.
Puerto Rico Gov. Pedro Pierluisi and U.S. Secretary of Housing and Urban Development (HUD), Marcia L. Fudge on Tuesday discussed the island’s access to disaster relief funding, underscoring their commitment to continue accelerating Puerto Rico’s recovery. Last week, HUD announced the obligation of $8.2 billion in Community Development Block Grant Mitigation (CDBG-MIT) funds, along with […]
A survey conducted by the Puerto Rico Chapter of the Associated General Contractors of America among its members showed that local businesses have a combined bond capacity exceeding $6 billion and access to financing with local banking with revolving lines of credit, as well as enough management capacity to push projects forward. During its the […]
Carlos Mercado, the newly named head of the Puerto Rico Tourism Co., said the agency has a three-pronged approach to working with the industry as it begins recovering from the COVID-19 business downturn. The official is hitting the ground running, as he had already built a relationship with members of the sector while acting as […]
By Vanessa Colón-AlmenasCenter for Investigative Journalism Of the $20.2 billion recovery funds allocation granted after Hurricane María through the Community Development Block Grant Disaster Recovery program (CDBG-DR), Puerto Rico has been approved to use only 16%, or, $3.2 billion. Of the money available, the government had used a mere 2%, as of June 30, the […]
In the face of recent weather disturbances, FEMA along with Puerto Rico’s Central Office for Recovery, Reconstruction and Resilience, or COR3, approved more than $16 million in additional grants for repairs after Hurricane María, the agencies confirmed. The allocated funds are for the week of July 24-30 and cover 88 projects related to the island’s post-storm recovery and reconstruction. Among the […]
Arguably since 2006, Puerto Rico has endured a plethora of natural and man-made incidents and disasters. After much travail, it seems that Puerto Rico agonizes under a never-ending recovery. And this fact is evident if we understand what recovery should be. In the dictionary, recovery is defined as “the process of becoming successful or normal again after problems,” or […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, announced the obligation of more than $47 million in additional funds for 131 projects during the first week of May. The Humacao Campus of the University of Puerto Rico, 26 parks and community centers from the of Sports and […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $50.5 million in additional funds for 63 projects related to the recovery and reconstruction of Puerto Rico. These funds were obligated between Jan. 17-23. “FEMA and COR3 continue to work together to develop strategies that […]
The Federal Emergency Management Agency and the Central Office for Recovery, Reconstruction and Resilience, or COR3, have obligated more than $5.4 million in additional funds for 44 recovery and reconstruction projects in Puerto Rico. The funds were obligated on Dec. 5-12. FEMA and COR3 continue to work together to develop strategies that advance recovery projects. […]
The Financial Oversight and Management Board for Puerto Rico’s admission that there will be significantly less federal recovery money flowing into the island could stump the island’s future growth and debt restructuring talks, an analysis by the H. Calero Consulting firm stated. Recently, the Oversight Board confirmed that the island would get about $30 billion […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA