SBA announces up to $300K to fund Women’s Business Centers in Puerto Rico
July 29, 2021
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 […]
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SBA grants $4.2M in Puerto Rico through Shuttered Venue Operator program
July 27, 2021
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 […]
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Amazon launches Natural Disaster Resilience Project for Central America, Caribbean
July 16, 2021
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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SBA grants $69.2M in aid to 339 bars, restaurants in Puerto Rico
July 8, 2021
The U.S. Small Business Administration recently announced the end of the Restaurant Revitalization Fund (RRF) program, which awarded $69.2 million in payments to 339 bars and restaurants in Puerto Rico, the agency confirmed. There was a total of 2,396 applications from Puerto Rico establishments, which requested a little more than $419 million in funding. Over in the […]
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SBA launches $100M ‘Community Navigator Pilot’ Program application
May 28, 2021
The U.S. Small Business Administration (SBA) announced today that it is accepting applications for its new Community Navigator Pilot Program. This new initiative, established by the American Rescue Plan, will leverage a community navigator approach to reach our nation’s smallest businesses, with a priority focus on those owned by socially and economically disadvantaged individuals, as well as […]
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Google for Startup: Sales Academy Latam picks 3 parallel18 alumni startups
May 11, 2021
Tasty Smart and Silabuz, P18 alumni, and Pryze, a pre18 alumnus, both acceleration and pre-acceleration programs from parallel18, were accepted into the Google for Startups: Sales Academy Latam program. This is the first time the program will be executed for Google’s partner network in Latam and only 17 companies were selected, parallel18 officials confirmed. The […]
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SBA unveils $28.6B Restaurant Revitalization Fund to help hard-hit sector
April 19, 2021
The U.S. Small Business Administration announced details on application requirements, eligibility, and a program guide for the $28.6 billion Restaurant Revitalization Fund (RFF), which seeks to help bring back jobs and revive one of the hardest-hit economic sectors since the start of the COVID-19 pandemic. The SBA will administer the funds to the most affected […]
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SBA to open application cycle for Shuttered Venue Operators Grants today
April 8, 2021
The U.S. Small Business Administration will officially open the Shuttered Venue Operators Grant (SVOG) application website at noon today for operators of live venues, live performing arts organizations, museums and movie theaters, as well as live venue promoters, theatrical producers and talent representatives to apply for critical economic relief, as those eligible entities are some of the first […]
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SBA approves $171M in 2nd round of PPP loans in Puerto Rico so far
February 10, 2021
The number of loans that the U.S. Small Business Administration has approved so far through its second round of Paycheck Protection Program funding doubled in Puerto Rico to 4,740 during the week of Feb. 1-8, from the 2,595 OK’d the prior week. In its weekly update, SBA officials also confirmed that those applications approved so […]
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Challenge Fitness opens new Santurce location
January 7, 2021
Challenge Fitness announced the opening of its new boutique gym in the Santurce area after an investment of more than $80,000, incorporating strict health measures for the protection of its customers from the COVID-19 pandemic. The new gym has more than 2,000 square feet of space and is segregated into two areas — one dedicated […]
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COVID-19 pandemic brings out entrepreneurial spirit in Puerto Ricans
December 30, 2020
People around the world have lost their jobs due to the COVID-19 pandemic, and while the government has helped in some ways, it is not enough for some families. Even young college students need money to finance their studies, but finding a job is not that easy to achieve anymore. And so, while stuck at […]
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Grupo Guayacán awards 3 business ideas focused on sustainability and resilience
December 3, 2020
Grupo Guayacán, sponsors of the I-Corps Puerto Rico entrepreneurial bootcamp, announced the three winners of its 11th cohort, which drew 22 participating teams. Seed capital prizes totaling $8,500 were awarded with the support of the Massachusetts United for Puerto Rico (MUPR) fund at the Boston Foundation. The team from Mujerona was awarded the first prize […]
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SBA urges Puerto Rico businesses, residents to apply for disaster loans by Nov. 9
October 23, 2020
The U.S. Small Business Administration is encouraging Puerto Rico businesses and residents affected by Tropical Storm Isaias in July 2020 to submit their loan application for physical damages by Nov. 9, even if they have not settled with their insurance company. “Waiting to file an SBA application could cause unnecessary delays in receiving disaster assistance, […]
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eBay’s ‘Entrepreneurs of the Year Awards’ recognize Puerto Rican business owner
October 14, 2020
Online marketplace eBay recently held the second edition of its “Entrepreneurs of the Year Awards,” which this year included a Puerto Rican business owner among the winners. Local entrepreneur Iván Blázquez received the “New Business Award” for creating Tropical Plantae, an agricultural company located in Aguadilla deemed “the most successful new business on the platform, […]
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13 Puerto Rican start-ups take part in parallel18’s Gen. 8 cohort
October 5, 2020
Start-up accelerator parallel18 conducted its traditional DemoDay with a generation composed entirely of Puerto Rican companies that presented their business proposals and their achievements through the Zoom virtual platform. This is the first generation whose curriculum was entirely virtual because of the COVID-19 pandemic, the nonprofit confirmed. This cohort’s roster of participants includes: Raincoat, an […]
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