USDA Rural invested $1.1M in housing assistance in Puerto Rico
January 9, 2025
The subsidies were approved in Fiscal 2025. #NewsismyBusiness
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Broadband subsidies could end in April for 360K households in Puerto Rico
January 29, 2024
When ACP funds run out, households participating in the program will no longer receive the monthly discounts. #NewsismyBusiness
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Gov’t incentives to farmers, filmmakers, hospitals up for elimination
May 17, 2018
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.
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Foundation for PR launches small biz subsidy program
November 3, 2017
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.
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Senate OKs comprehensive energy subsidies reform
June 9, 2015
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.
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Public, private sectors back energy subsidy reform
January 28, 2015
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.
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Op-Ed: The irony of the obvious
June 5, 2014
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.
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Homebuilders: End of ‘Mi Casa Propia’ will hurt sector
April 10, 2014
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.
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Puerto Rico Energy Affairs to assign $25M in rebates this year
July 4, 2013
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.
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Claro Puerto Rico launches subsidized broadband service
April 4, 2013
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.
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Agriculture Dept. assigns $5.8M to struggling farmers
October 26, 2012
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.
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Residents, small businesses burn through $4M in solar energy subsidies
August 2, 2012
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.
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Green Energy Fund to dole out $4M in subsidies
July 31, 2012
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.
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SPECIAL REPORT: Nearly 125K low-income consumers lose phone subsidy benefits
April 3, 2012
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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