Nutrition Benefits for Puerto Rico Stalled

Congress has passed three bills providing economic relief to individuals and businesses affected by COVID-19. The first bill is known as the Families First Act. One provision of the act, the Pandemic Electronic Benefit Transfer (P-EBT), is intended to provide additional food resources for children who usually get free meals at school. Since this is… Read more »

Distribution of Stimulus Checks in Puerto Rico Finally Begins

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes a onetime cash payment of up to $1,200 directly to each eligible adult and $500 per child.  Although Puerto Ricans are among those eligible for this payment, their payments were delayed as the U.S. Treasury Department had to take the extra step of approving… Read more »

Gonzalez and Rubio Celebrate PPP Loans for Puerto Rico

Puerto Rico Resident Commissioner Jenniffer González-Colón and Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business, have reported that the federal Paycheck Protection Program (PPP) has approved loans for Puerto Rico amounting to nearly $2 billion. The loans are designed for small businesses, using the Small Business Administration’s definition of a small… Read more »

Governor Details May COVID-19 Restrictions for Puerto Rico

On May 1st, Puerto Rico Governor Wanda Vázquez-Garced issued Executive Order No. 2020-038 detailing the ongoing restrictions on individuals and businesses in Puerto Rico. The general curfew has been extended till May 25th. People may leave their homes between 5:00 a.m.and 7:00 p.m. only for the following reasons: To attend medical appointments To buy food,… Read more »

Puerto Rico Is Reopening for Business

Puerto Rico will maintain its curfews, among the strictest in the United States, until May 25. However, Governor Wanda Vazquez Garced has announced that businesses may open before this date. May 4 openings The first group of businesses that will reopen will be financial, mortgage, insurance, real estate, notary, professional services, engineering and accounting industries…. Read more »

PROMESA Oversight Board Advises Strategies for COVID-19 Funds

Puerto Rico’s Financial Oversight and Management Board (FOMB) has sent a letter to Governor Wanda Velazquez Garced to propose strategies for using coronavirus relief funds. Puerto Rico has been allocated $2.2 billion from a $150 billion fund dedicated to state, territorial and tribal governments under the Coronavirus Aid, Relief, and. Economic Security (CARES) Act. “This funding,… Read more »

Congressional Hispanic Caucus Speaks Up for U.S. Territories

A letter from the Congressional Hispanic Caucus (CHC) to Speaker of the House Nancy Pelosi asks that the particular needs of Hispanic Americans be considered in upcoming legislation in response to the coronavirus. The letter began by pointing out that minority communities are being affected disproportionately by the pandemic the whole country is facing. Not… Read more »

U.S. Treasury Releases Guidance for Coronavirus Funds

The U.S. Treasury has released guidance for the use of COVID-19 recovery funding in Puerto Rico from the new federal Coronavirus Relief Fund, which provides $150 billion for state, territorial, local, and tribal governments as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act. Puerto Rico is expected to receive $2.2 billion… Read more »

The Paycheck Protection Program (PPP) in Puerto Rico

A significant part of the CARES act, the coronavirus stimulus package recently passed by Congress, is a program of loans for small businesses affected by the pandemic. Under the Paycheck Protection Program (PPP), a company with fewer than 500 employees can borrow 2.5 times their payroll, with the possibility of having that loan forgiven if… Read more »

Stimulus Checks for Puerto Rico

Families and individuals in Puerto Rico should soon begin to receive the coronavirus stimulus checks provided by the CARES act. The official name for this payments is “Economic Impact Payments.” In Puerto Rico, as in the States, people who earned up to $75,000 in 2018 or 2019 (the last year filed) will receive $1,200 for individual… Read more »