Month: March 2024

New York League of Puerto Rican Women

boricua01

NEW YORK LEAGUE OF PUERTO RICAN WOMEN, INC. We are currently accepting applications for our 2024 Scholarships. These financial awards are granted annually to Puerto Rican/ Hispanic women selected for their academic excellence and service to the community. To be eligible, applicants must complete the application and comply with all 7 of the requirements listed below: 1. Must be currently matriculated as a college student in an accredited institution of higher education, having earned a minimum of 12 accumulated credits and a GPA of 3.0 with no failing grades and…

Read More

Amazing Places to Dive in Bali

boricua01
diving in bali

Did you know that Bali is home to some of the best dive sites in the world? With its vast oceanic territory, diverse marine life, and stunning coral reefs, Bali offers a scuba diving adventure like no other. Whether you’re a seasoned diver or just starting out, diving in Bali is a destination you don’t want to miss. From the charming beauty of Nusa Penida to the enchanting underwater world of Nusa Lembongan, Bali has something for every diving enthusiast. Get ready to explore the depths and discover the magic…

Read More

Solar vs. Backup Generators in Puerto Rico’s Uncertain Grid

boricua01

Since its privatization in 2021, LUMA Energy, Puerto Rico’s electric utility company, has faced scrutiny for frequent blackouts and rising electricity costs. This unreliable grid has pushed many residents to consider backup electric systems for their homes. Two main options emerge: solar power with battery storage and traditional backup generators. Each offers distinct advantages and disadvantages, requiring careful consideration for Puerto Rican homeowners. Solar Power with Battery Storage: A Sustainable Solution Solar panels paired with battery storage offer a compelling alternative to traditional backup generators. Here’s how they stack up:…

Read More

Electric Vehicles in Puerto Rico: A Charge Towards a Brighter Future or a Flat Tire?

boricua01
electric vehicle

Puerto Rico’s sunshine and tropical climate make it a natural candidate for electric vehicles (EVs). However, the current state of the electric grid raises a big question: are EVs a good idea right now? Let’s explore both sides of the plug. Challenges: When the Lights Go Out, So Does Your Ride The current grid in Puerto Rico is vulnerable to outages, particularly after hurricanes. An EV with a dead battery during a power cut leaves you stranded, unlike a gasoline car that can be refueled with a portable container. Frequent…

Read More

Paradise Found? Puerto Rico’s Crypto Gamble

boricua01
crypto economy

Sun-drenched beaches, vibrant culture, and…cryptocurrency? Puerto Rico is making a bold bet on becoming a hub for the digital asset revolution. Lured by tax breaks and a tropical paradise, crypto entrepreneurs and investors are flocking to the island. But can this gamble pay off, or will it leave the local economy in the red? Tax Oasis for Crypto Whales Puerto Rico’s trump card is Act 60, a tax incentive program offering a 0% capital gains tax on crypto held for over a year. This, combined with U.S. citizenship benefits for…

Read More

¡Dale Puerto Rico! Top Medal Contenders for the 2024 Paris Olympics

boricua01
paris olympics

The 2024 Summer Olympics in Paris are just around the corner, and Puerto Rico is gearing up to send a strong contingent of athletes. With a history of excelling in boxing, wrestling, and track and field, the island territory is looking to add to its impressive Olympic medal haul. Here’s a closer look at some of Puerto Rico’s brightest prospects for Paris 2024: Track and Field: Hurdling into History Jasmine Camacho-Quinn is a rising star in track and field. The 27-year-old hurdler is the reigning Olympic Gold medalist in the…

Read More

Puerto Rico’s Act 22: A Tax Oasis with Mixed Blessings

boricua01
tax incentives

Puerto Rico’s Act 22, also known as the Individual Investors Act, has become a hot-button topic. Enacted in 2012, the Act aims to stimulate the island’s economy by attracting high-net-worth individuals with significant tax breaks. But has it been a boon or a bane for Puerto Rico? Let’s dive into the Act’s impact and how Puerto Ricans themselves view it. The Allure of Act 22: Tax Breaks Galore Act 22 offers substantial tax incentives to individuals who establish bona fide residency in Puerto Rico. These incentives include a 100% exemption…

Read More

Paradise Lost? Act 22, Airbnbs, and the Struggle for Affordable Housing in Puerto Rico

boricua01
affordable housing

Puerto Rico, a vibrant island territory of the United States, faces a complex challenge: a shortage of affordable housing. This issue has intensified in recent years, fueled by two factors: Act 22 and the rise of Airbnb rentals. Let’s delve into how these seemingly disparate forces are contributing to the housing crisis in Puerto Rico. Act 22: A Double-Edged Sword Act 22, also known as Act 60, is an economic development program designed to attract investors and entrepreneurs to Puerto Rico. The program offers significant tax breaks to individuals who…

Read More