Looking to help mitigate the economic effects that the COVID-19-related quarantine has caused, Vimenti by Boys & Girls Clubs of Puerto Rico provided the families of the project with an economic incentive of $100. The aid was delivered at Vimenti School along with the lunch that the project provides to their families twice a week, […]
The direct impact of the COVID-19 emergency on Puerto Rico’s economy has been revised upward to $9.7 billion, from an initial $6.9 billion, economic analysis firm Estudios Técnicos revealed. The 40.5% increase responds to an update of the parameters associated with the lockdown period and the month-equivalent magnitude of the initial impacts, the firm said. […]
The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program to be lent exclusively by Community Development Financial Institutions (CDFIs). CDFIs work to expand economic opportunity in low-income communities by providing access to financial products and […]
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