|
The U.S. Small Business Administration guaranteed 656 loans in Puerto Rico and the U.S. Virgin Islands during fiscal year 2011, a 57 percent increase over loans approved during the previous year. The results obtained are due in part to incentives implemented under the Small Business Jobs Act of 2010 and to a renewed commitment from SBA lenders.
Municipal buildings, public service centers and some 60 families in the mountain town of Aibonito are investing more than $420,000 to develop “green” energy projects to reduce their energy costs and their dependence on fossil fuels, Puerto Rico Energy Affairs Administration Executive Director Luis Bernal said Thursday.
Constructora Sambil, the Venezuelan developer behind the proposed $400 million mega-shopping center in Guaynabo, is hopeful it will be able to break ground on the project this year after the Puerto Rico Supreme Court denied a motion for reconsideration presented by Plaza Las Américas that sought to paralyze the mall’s construction.
The U.S. Environmental Protection Agency announced a legal settlement with the developers of the Vanderbilt and La Concha Hotels of San Juan for discharging pollutants into the San Juan stormwater sewer system, which is connected to the Condado Lagoon. The settlement requires the payment of a $472,240 civil penalty and the expansion of an existing artificial habitat for fish in the Condado Lagoon. Under the agreement’s terms, the hotel’s developer, International Hospitality Associates S. en C. por A. (IHA-SE) and its managing partner, International Hospitality Associates, Inc. (IHA-INC), will construct 30 units of reef modules at an estimated cost of $32,000.
The U.S. Environmental Protection Agency is helping to reduce air pollution in and around the Port of San Juan, Puerto Rico by providing the Polytechnic University of Puerto Rico with $886,095 to install pollution reduction technology on 72 heavy-duty trucks and replace 10 old heavy-duty trucks with 2010 or newer less polluting models.
Recent Comments