37 co’s picked for Parallel18’s 3rd round of acceleration
February 2, 2017
Parallel18, an international accelerator for high impact innovative enterprises that want to scale their businesses from Puerto Rico, announced Wednesday it has selected 37 startups that will move to the island for five months to accelerate their companies and learn from business and technology experts worldwide.
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NY Fed study sheds light on P.R. small business traits
January 31, 2017
A new study released Monday by the Federal Reserve Bank of New York showed that the majority of Puerto Rico’s small businesses both in and outside the San Juan metropolitan area have few employees and annual revenues under $250,000, among other similarities.
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EDB OK’s $238K in loans for new P.R. businesses
January 27, 2017
In the first three weeks of the year, the Economic Development Bank for Puerto Rico has expedited internal processes to achieve faster loan closings, with $238,130 already approved, the agency announced Thursday.
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SBA launches InnovateHER, Aspire Challenge programs
January 4, 2017
The U.S. Small Business Administration announced Tuesday the launching of two programs — the 2017 InnovateHER: Innovating for Women Business Challenge and the Aspire Challenge.
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NY Fed study: Small biz ‘persevering’ through P.R. crisis
November 15, 2016
Puerto Rico’s small businesses are “persevering through… [the] economic crisis,” but are concerned about managing cash flow and rising operating costs, according to the findings of the Federal Reserve Bank of New York’s “Puerto Rico Small Business Survey” released Monday.
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SBA has funds for women vet entrepreneurship training
November 11, 2016
The U.S. Small Business Administration (SBA) Office of Veterans Business Development announced Thursday a $300,000 funding opportunity for women and veteran-owned businesses through its Women Veteran Entrepreneurship Training Program.
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17 co’s pass SBA’s ’16 ‘Emerging Leaders’ training series
November 7, 2016
The U. S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office recently graduated 17 companies from the second “Emerging Leaders” training series delivered in Puerto Rico.
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SBA OKs $95.5M in loans in P.R., USVI in Fiscal ’16
October 31, 2016
The U.S. Small Business Administration approved $95.5 million in loans to small businesses in Puerto Rico and the U.S. Virgin Islands during fiscal year 2016, a 19 percent increase over the previous fiscal year, the agency announced.
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SBA opens new Women’s Business Center in Mayagüez,
September 8, 2016
The U.S. Small Business Administration’s Puerto Rico and U.S. Virgin Islands district office announced Wednesday the opening of a new Women’s Business Center in Puerto Rico.
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P.R., U.S, Europe, LatAm startups pitch to investors
August 23, 2016
Local company Gasolina Móvil and Spanish Human Resources solution Talentank were two of the startups recognized for their pitches to investors during international accelerator Parallel18’s first Demo Day, held recently.
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1st trade mission to Mexico in 12 years underway
June 28, 2016
Fusionworks Inc. closed its office in Mexico City earlier this year but that hardly means this Condado-based business and technology advisory firm is out of that market.
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CUD presidential aspirant urges lawmakers to scale back
June 28, 2016
The Puerto Rico Legislature should seek to reduce the increasing load of regulatory, administrative and tax obligations thrust on the island's small business sector, urged a candidate to the presidency of the United Retailers Association (CUD, as the trade group is known by its initials in Spanish).
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Roosy Roads among SBA’s new qualified HUBZones
June 17, 2016
The U.S. Small Business Administration announced Thursday the designation of an additional 516 census tracts qualified as Historically Underutilized Business Zones (HUBZones) in Puerto Rico, for a new total of 776.
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Parallel18’s 2nd cohort draws some 500 applications
June 15, 2016
The international accelerator based in Puerto Rico, Parallel18, closed this week its second round with 507 applications from 44 countries.
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Sam’s Club launches business coaching program
June 15, 2016
Sam’s Club Puerto Rico announced Tuesdy that, as part of its ongoing commitment to contribute to the socioeconomic development of the island, it will offer a business coaching program to a group of its business members to help strengthen and grow local small- and medium-sized businesses.
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