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.
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.
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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