Commercial Equipment Finance Inc. (CEFI), an independent commercial equipment finance company headquartered in Puerto Rico, recently closed a $90.9 million asset-backed security (ABS) transaction. The proceeds will be used to pay down existing warehouse lines and for general corporate purposes. This transaction represents CEFI’s inaugural securitization. The deal includes four classes of equipment contract-backed notes, […]
Oregon-based Althea announced a new partnership with 5G zone contributor Hub Advanced Networks to build and expand new broadband networks and support telecom innovation as part of the Puerto Rico 5G Zone & Blockchain Ignition Lab initiative. The PR5G Zone & Blockchain Ignition Lab is a new, nonprofit, Advanced Innovation Development and Test Lab creating opportunities for individuals, products, […]
The US Department of Agriculture announced it is accepting grant applications that will advance equity in rural America by creating new opportunities in distressed communities. The Rural Innovation Stronger Economy (RISE) grant program encourages a regional, innovation-driven approach to economic development by funding job accelerator partnerships in low-income rural communities. This includes communities that have […]
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