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Federal Funds to Back Microgrid Projects in Vieques and Culebra to Boost Energy Resilience
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Federal Funds to Back Microgrid Projects in Vieques and Culebra to Boost Energy Resilience

San Juan — Genera PR announced Friday that the federal government has assigned it the execution of microgrid projects in Vieques and Culebra, aimed at strengthening the energy resilience of both island municipalities during emergencies. The projects will be financed with federal hazard mitigation funds from the Federal Emergency Management Agency and developed under applicable […]

Caribbean Business Staff
Claro invests $750M to keep Puerto Rico connected through any emergency
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Claro invests $750M to keep Puerto Rico connected through any emergency

San Juan – As the 2026 hurricane season begins, Claro Puerto Rico reaffirmed its commitment to keeping the island connected during any emergency, backed by more than $750 million in infrastructure investment since 2017. Enrique Ortiz de Montellano, president and CEO of the company, emphasized that Claro’s resilience initiatives extend well beyond hurricane season — they […]

Caribbean Business Staff
Americans flock to Canadian real estate sites amid U.S. political turmoil, hitting record highs in spring 2026
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Americans flock to Canadian real estate sites amid U.S. political turmoil, hitting record highs in spring 2026

Toronto, (EFE) – Political uncertainty, episodes of domestic violence, and geopolitical tensions that have defined the first months of 2026 in the United States have driven a sharp surge in American interest in the Canadian real estate market, according to data released Wednesday by real estate firm Royal LePage. The company said visits from the United […]

Caribbean Business Staff
Roosevelt Roads seeks developer for 5,350-sq-ft building near ferry terminal in Ceiba
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Roosevelt Roads seeks developer for 5,350-sq-ft building near ferry terminal in Ceiba

Ceiba– A 5,350-square-foot building adjacent to the ferry terminal at Roosevelt Roads could become a restaurant, food market, tourism hub, co-working space, or passenger services area under a request for proposals announced Wednesday. Carlos Ríos Pierluisi, executive director of the Roosevelt Roads Local Redevelopment Authority (LRA), said the Request for Expressions of Interest seeks to renovate […]

Caribbean Business Staff
white monitor on desk
Goverment

IDEA Moves to Streamline Government as Puerto Rico Competes for Investment

Targets Major Efficiency Gains with Tech‑Heavy FY2027 Plan Puerto Rico’s push to digitize government operations is entering a new phase, and the fiscal 2027 budget request for the Iniciativa para la Desreglamentación y Eficiencia Administrativa (IDEA) offers a look at how the administration intends to reshape the island’s public‑services infrastructure. With roughly 75 percent of […]

Eva Llorens
Florida Voters to Decide on Major Property Tax Cut in November
Goverment

Florida Voters to Decide on Major Property Tax Cut in November

Miami, EFE — Florida voters will decide in November whether to approve a sweeping reduction in property taxes on primary residences, after both chambers of the state legislature passed the measure Tuesday — a key priority of Gov. Ron DeSantis. The proposal, which requires the governor’s signature to be formally placed on the ballot, would raise […]

Caribbean Business Staff
Rivera Schatz: No Rush to Fill DDEC Vacancy — Executive Order Already Covers It
Goverment

Rivera Schatz: No Rush to Fill DDEC Vacancy — Executive Order Already Covers It

San Juan— Senate President Thomas Rivera Schatz said Tuesday there is no urgency to confirm an interim secretary or permanent replacement at the Department of Economic Development and Commerce (DDEC) following the resignation of Sebastián Negrón Reichard, adding that existing executive authority is sufficient to keep pending transactions moving. “Following the abrupt departure of Sebastián […]

Caribbean Business Staff