Puerto Rico has announced a record $787 million financial package to help alleviate the economic impact of the new coronavirus in the U.S. territoryBy DANICA COTO Associated PressMarch 23, 2020, 6:25 PM3 min readSAN JUAN, Puerto Rico — Puerto Rico on Monday announced a record $787 million financial package to help alleviate the economic impact of the new coronavirus in the U.S. territory. The package is bigger than any announced so far by U.S. states. Gov. Wanda Vázquez said measures include a 90-day moratorium for mortgages as well as car, personal and commercial loans that will not affect people’s credit. She also announced a flurry of bonuses, including ones ranging from $2,000 to $4,000 for nurses, police and other emergency and medical workers. In addition, the government will invest $250 million in tablets, software and other items to help the island’s Department of Education improve virtual learning amid a two-week curfew that began the night of March 15, she said. Vázquez said the island’s more than 134,000 public sector employees will still be paid during the emergency and that the government will offer a $1,500 handout for small- and medium-sized businesses with 50 employees or less that don’t qualify for


Continue To Full Article