The U.S. Small Business Administration is looking to expand its reach and scope among Puerto Rico’s entrepreneurial community this fiscal year, by spreading the word on a number of long-standing initiatives that should result in increased lending activity.
Puerto Rican manufacturer Bettina Cosmetics announced a $2 million investment in improvements, machinery and equipment as part of its agreement with the Puerto Rico Industrial Development Company to move into new facilities in Dorado.
As part of a sweeping inter-agency effort, and backed by Code for America, government officials announced this weekend the birth of PrimerPeso.com, an online platform that aims to give start-ups and established small businesses in Puerto Rico the tools needed to access financing to launch or expand their operations.
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