Local entrepreneurship remains ‘economic growth tool for Puerto Rico’
November 17, 2021
While Puerto Rico’s entrepreneurs have faced an “atypical” 2021, it’s also been a “stabilizing time,” for which local trade organization Empresarios Por Puerto Rico will move ahead with a strategic plan to continue developing local companies for the upcoming year. “We’re a young organization, and we’re going to take every opportunity to solidify ourselves and […]
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Puerto Rico Science Trust launches free entrepreneurship incubator
November 17, 2021
The Puerto Rico Science, Technology, and Research Trust announced the launch of its new initiative, Fase1, a free virtual program that offers educational modules with short courses on entrepreneurship. The program, which is also part of the Puerto Rico Housing Department’s Small Business Incubators and Accelerators Program, under the CDBG-DR funding program, will be divided into two parts. The […]
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SBA Associate Admin. kicks off Entrepreneurship Week in Puerto Rico
November 9, 2021
US Small Business Administration Associate Administrator Bibi Hidalgo, head of the federal agency’s Office of Government Contracting & Business Development, is visiting Puerto Rico early this week, the agency announced. Her visit is part of a national tour highlighting the United States’ economic recovery focused on boosting manufacturing, engaging socially and economically disadvantaged businesses on […]
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SBA-backed working capital loans to Puerto Rico up 68% in Fiscal ’21
November 2, 2021
The US Small Business Administration backed 411 7(a) working capital loans for $89.3 million in Fiscal ’21, exceeding by 68% the $53.3 million on record for Fiscal ’20 for Puerto Rico, the agency confirmed. The agency also confirmed it saw an increased amount of 7(a) working capital loans in Fiscal ’21 — by count and […]
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Colmena66 to host virtual Boricua Emprende Entrepreneur Fest
November 2, 2021
Colmena66 — a program of the Puerto Rico Science, Technology & Research Trust — is putting out an open call to register for the third annual Boricua Entrepreneur Fest (BE Fest), an entrepreneurship education event that “builds, connects and celebrates the island’s business ecosystem.” The BE Fest is an annual event designed for small and […]
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TAIS and the competition that changed everything
September 27, 2021
EDITOR’S NOTE: This post is a collaboration from Grupo Guayacán, as part of its 25 Days of Giving campaign. For food recycling company TAIS, garbage doesn’t exist. The company is dedicated to turning food waste into compost, which nourishes the soil and allows more vegetation to grow. It also uses photosynthesis to capture the carbon that would otherwise […]
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Coffee, tradition, and entrepreneurship. What Hacienda San Pedro learned.
September 20, 2021
EDITOR’S NOTE: This post is a collaboration from Grupo Guayacán, as part of its 25 Days of Giving campaign. It’s hard to resist a hot, frothy, fragrant cup of coffee served at the perfect time. Coffee lovers will understand. Therefore, we may think that the business of serving coffee has assured success. But this is […]
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SBA’s Guzman announces 2 new Women’s Business Centers in Puerto Rico
September 14, 2021
U.S. Small Business Administration Administrator Isabella Guzman announced the launch of two Women’s Business Centers (WBC) in Puerto Rico, at the Ana G. Méndez University in Gurabo and Friends of Puerto Rico. Guzman — who kicked off National Small Business Week, which runs Sept. 13-15, during her first visit to Puerto Rico — confirmed the […]
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Parallel 18 alum HOKALI to open operations in Puerto Rico by December
September 13, 2021
HOKALI — an application that helps schedule classes with sports teachers — one of startup accelerator parallel18’s successful projects, will expand services to the island by mid-December with its surfing lessons to beach areas like Rincón and downtown San Juan. The app currently is dedicated to surfing, but the expectation is to add kite surfing, […]
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Going from an idea to a project, and what happens along the way: UnderstHand
September 13, 2021
EDITOR’S NOTE: This post is a collaboration from Grupo Guayacán, as part of its 25 Days of Giving campaign. “We assumed many things about what the deaf community needs,” said Alondra Toledo. “We had done interviews and market studies. We were looking for solutions to a problem.” In essence, what Alondra and Joel Josué Colón […]
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PRoduce raises $1.8M in capital to boost support of small farmers
August 31, 2021
PRoduce has received a $1.8 million capital injection led by the Semillero Partners fund to improve the consumer’s shopping and food experience, while increasing support for local entrepreneurs including farmers, fishermen, coffee collectors, and artisanal producers. The company selected Semillero Partners to lead the funding round because it is a local investment fund and because […]
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Parallel18 launches Talent App for freelancers, students, and professionals
August 18, 2021
As part of its efforts to promote economic and technological development and employment on the island, parallel18 is launching the Talent App, a tool for students, freelancers and professionals to submit their information and upload their resume to a talent database that will be available to more than 300 companies that belong to the accelerator programs. […]
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e-3 Consulting unveils ‘Allec,’ a $300K warehouse management system
August 11, 2021
Puerto Rico-based e-3 Consulting — a firm dedicated to helping small and medium business owners manage their warehouses, as well as their financial services by implementing technology — unveiled Allec, an online system to help that segment keep track of those operational aspects. The system required a $300,000 investment to develop and launch, said Alberto […]
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Startup.pr opens call for applications to its tech business pre-seed funding program
August 3, 2021
Business accelerator Startup.pr has opened a call for local innovators with technology-based projects to apply to the sixth edition of its Pre-Seeding Program by Aug. 8. Winning participants will receive training, prototype design consultancy services, and $5,000 each, said Amaury Malavé, Innovation and Technology Complex director. Six early-stage technology projects will be selected for this […]
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SBA to open Paycheck Protection Program direct forgiveness website
July 30, 2021
The US Small Business Administration will launch a streamlined Paycheck Protection Program forgiveness application website to allow some 6.5 million borrowers with PPP loans of $150,000 or less to apply for forgiveness directly through the SBA, it announced. On Aug. 4, the site will begin accepting applications from borrowers that have a PPP loan with […]
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