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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
The U.S. Small Business Administration announced the availability of $300,000 for up to two new grant opportunities for established and aspiring Women’s Business Center (WBC) host organizations. When funded, the WBC’s will provide outcome-oriented business services for women entrepreneurs in Puerto Rico, the agency said. “The SBA’s Women’s Business Center program is a dedicated resource partner, and […]
The U.S. Small Business Administration provided an update on the progress of its Shuttered Venue Operator program, confirming that as of July 26, it has approved 28 awards in Puerto Rico amounting to a little more than $4.2 million. The agency also confirmed it awarded one SVOG grant for $92,956 to a program participant in […]
Amazon Web Services Inc., a business of Amazon.com Inc., announced Project Resilience for Central America and the Caribbean. As part of the AWS Disaster Response Program, Project Resilience supports organizations that may be affected by natural disasters and whose business continuity is critical to community resilience. In preparation for the hurricane season, AWS will offer […]
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