Top Local News Headlines
These are the top local news stories from News is my Business for Sunday, May 31, 2020.
Economic impact of COVID-19 virus in Puerto Rico revised upward
Published 29 May 2020, 5:05 am
The 40.5% increase responds to an update of the parameters associated with the lockdown period and the month-equivalent magnitude of the initial impacts, the firm said.
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SBA, Treasury Department announce $10B for CDFIs to participate in PPP
Published 29 May 2020, 5:04 am
The SBA and the Treasury Department remain committed to ensuring eligible small businesses have the resources they need to get through this time.
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Emergency communications systems, P.R. Police get $1.6M from FEMA
Published 29 May 2020, 5:03 am
The funds will help those in uniform to continue providing vital safety services to communities, FEMA said.
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Heineken commits $500K to drive reopening of small businesses affected by lockdown
Published 29 May 2020, 5:02 am
The commitment is part of “Heineken Invita,” the brand's local initiative that seeks to support hundreds of bars and businesses in Puerto Rico.
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Lemonade Day Puerto Rico announces free virtual summer program
Published 29 May 2020, 5:01 am
The summer program will offer enrolled children and family access to ten virtual workshops and online videos that support the lessons in the entrepreneur's manual they receive when they sign up.
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Albizu University gets interstate approval to offer distance education
Published 29 May 2020, 5:00 am
The agreement will allow the university to expand the scope of its programs throughout the United States.
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Popular Inc. wraps up $500M accelerated share repurchase transaction
Published 28 May 2020, 5:05 am
Popular Inc. wrote up the accelerated stock repurchase as a treasury stock transaction, it confirmed.
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USDA grants $2.2M loan to town of Cabo Rojo to improve landfill operation
Published 28 May 2020, 5:04 am
The project will also extend the existing facility’s useful life for eight to 10 years.
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New York Fed announces new format for ‘High School Fed Challenge’
Published 28 May 2020, 5:03 am
New academic paper-based competition seeks to expand access to program and engage students from diverse educational backgrounds.
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Labor groups present recommendations to governor to protect workers
Published 28 May 2020, 5:02 am
The labor representatives suggested using CARES Act funds assigned for discretional expenses.
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Op-Ed: Contracts in times of pandemic
Published 28 May 2020, 5:01 am
Undoubtedly, the COVID-19 pandemic is a situation that, at the beginning of the year, our society, in general, did not consider as a threat that would touch us so closely.
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CBP in San Juan seizes shipment of counterfeit alloy wheels
Published 28 May 2020, 5:00 am
Fake alloy wheels can become a significant safety problem for drivers.
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Oversight Board’s ’20 Fiscal Plan proposes 1-yr. pause on gov’t rightsizing
Published 27 May 2020, 5:04 am
The 2020 Fiscal Plan proposes investments in health care, education, technology, and public safety.
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Puerto Rico Labor Dept. confirms payout of $727M in jobless benefits
Published 27 May 2020, 5:03 am
Since, May 21, the agency has cut more than 55,000 checks averaging between $2,500 and $3,000 for the weeks accumulated since April 4.
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Puerto Rico restaurants reboot operations as physical distancing sets in
Published 27 May 2020, 5:02 am
Bonanza, Starbucks Puerto Rico and El Mesón Sandwiches are coming up with creative ways to boost business activity as Puerto Rico's economy reopens amid the COVID-19 emergency.
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