The subsidies were approved in Fiscal 2025. #NewsismyBusiness
When ACP funds run out, households participating in the program will no longer receive the monthly discounts. #NewsismyBusiness
Gov. Ricardo Rosselló’s administration has put together a list of incentives granted to different sectors and companies that do not offer a return on investment to the public coffers, and will recommend their elimination.
The Foundation for Puerto Rico announced the establishment of a grant fund to mitigate the loss of small and medium-sized businesses in Puerto Rico, as well as a digital platform that allows local entrepreneurs to communicate that they are already operating.
The Senate approved Monday Bill 1256, which proposes overhauling energy subsidies and obliges the government to pay its debts to the Puerto Rico Electric Power Authority.
About 32 percent of Puerto Rico Electric Power Authority customers receive some sort of a subsidy on their monthly bills, which is floated by those who pay the full rate.
The mess that the Puerto Rico Electric Power Authority is submerged has gotten out of control, and so has the and public discourse that tends to further confuse people complicating an issue that has some clear immediate remedies.
The head of the Homebuilders Association, Roberto Trápaga, warned Wednesday that funds that fuel the successful “Mi Casa Propia,” a government assistance program that provides mortgage assistance to working people with limited resources, are practically tapped out.
The Puerto Rico Energy Affairs Administration has a $25 million budget to provide subsidies for eligible residential and commercial renewable energy projects, representing a 20 percent increase over the $20 million available for fiscal 2013, agency Executive Director José Maeso said Wednesday.
Claro Puerto Rico on Wednesday became the first carrier on the island to launch subsidized broadband Internet services for low-income customers, in line with a pilot program the Federal Communications Commission announced late last year.
In the midst of the worst drought the U.S. mainland has witnessed in more than 50 years, which has significantly increased food prices worldwide, the Agriculture Department has earmarked $3.7 million to help Puerto Rico farmers address higher feed and production costs, agency Secretary Neftalí Soto said Thursday.
Puerto Rico home and small business owners burned through $4 million in subsidies offered through the Green Energy Fund for solar energy projects Wednesday, filing a record-setting 120 applications in 21 minutes, Energy Affairs Administration Executive Director Luis Bernal said.
The Puerto Rico Green Energy Fund will be assigning $4 million in subsidies to develop “green” projects for homes and small business island wide during an application process that starts tomorrow at 8 a.m.
Close to 125,000 low-income consumers have been dropped from the list of beneficiaries receiving subsidies for their home or mobile telephone services through the Universal Service Fund after the Telecommunications Regulatory Board uncovered an alleged pattern of participants who were double- and triple-dipping into the pool of local and federal money, News is my Business learned.
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