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MMM Holdings pays $15.2M to settle false claims allegations
Dec 24, 2024 · The company is required to overhaul its marketing and referral practices to comply with federal regulations. MMM Holdings LLC has agreed to pay $15.2 million to resolve allegations that it violated the False Claims Act and the Anti-Kickback Statute, according to an announcement by the U.S. attorney for the District of Puerto Rico and the Department of Health and Human Services Office of ...
Genera PR ensures ‘swift use’ of $459M to enhance island’s power …
Nov 8, 2024 · The Puerto Rico power generation utility reaffirms commitment to ensure the “swift, transparent, and effective use of federal funds.” Genera PR, a subsidiary of New Fortress Energy, reaffirmed its commitment to collaborate with the new government to ensure the efficient use of a $459 million allocation from the Federal Emergency Management Agency (FEMA) to strengthen Puerto Rico’s energy ...
A look ahead: Predictions for Puerto Rico’s technology sector
Dec 24, 2024 · Experts predict innovation in deep tech, service-as-a-software 2.0 and clean energy. Puerto Rico’s technology ecosystem will see more entrepreneurs developing and commercializing intellectual property and innovating in the life sciences, energy and aerospace sectors, as well as more service companies switching to the service-as-a-software (SaaS) model.
bMedia launches bGig platform to promote economic development
Dec 20, 2024 · The platform helps entrepreneurs earn through billboard sales. bMedia has launched its proprietary platform, bGig, aimed at promoting jobs and economic development in Puerto Rico.
Environment of ‘moderate financial fragility’ persists in Puerto Rico
Dec 20, 2024 · For example, consumer loans in the third quarter of 2024 stood at 3.33% compared to 2.98% in the fourth quarter of 2019, credit card loans at 2.51% versus 1.87%, and auto loans at 3.52% versus 3%.
Colmena66 invites business community to fill out annual survey
Dec 24, 2024 · The survey will be open until Dec. 31. Colmena66, a program of the Puerto Rico Science, Technology and Research Trust, invites the business community to participate in the seventh edition of its Annual Entrepreneurship Survey.. The 2024 initiative aims to assess the state of Puerto Rico’s business sector to inform the entire ecosystem so that entities and organizations that directly serve ...
New Fortress Energy facing bankruptcy – News is My Business
Nov 15, 2024 · Author Tom Sanzillo is the director of financial analysis for the Institute for Energy Economics and Financial Analysis (IEEFA.) He has produced influential studies on the oil, gas, petrochemical and coal sectors in the U.S. and internationally, including company and credit analyses, facility development, oil and gas reserves, stock and commodity market analysis, and public and private ...
Solx to open Puerto Rico’s 1st solar panel manufacturing facility
Oct 15, 2024 · The company will help the island reach its renewable energy goals. Great Lakes Solx PR, LLC (Solx), a minority-owned solar panel manufacturing company, has announced plans to establish the first solar panel manufacturing facility in Puerto Rico.
Port of Mayagüez to get $200M rehab over 30 months
Oct 22, 2024 · The revamp includes demolishing the old tuna canning structures and the rehabilitating 1,360 feet of dock. The Port of Mayagüez, once a busy point of entry on Puerto Rico’s western coast, will undergo a $200 million renovation over the next 30 months, funded by the Federal Emergency Management Agency (FEMA), including $24.9 million allocated for mitigation measures.