The U.S. Small Business Administration graduated 16 companies from its Emerging Leaders program in Puerto Rico.
The nonprofit confirmed that 93 percent of the businesses supported through the initiative remain in operation.
A third of those transactions were related to their operations in Puerto Rico, according to the results of the international acceleration program.
Jorge Argüelles, who swore into his position as president of the United Retailers Association over the weekend, believes Puerto Rico needs more entrepreneurs, and he’s setting out to develop them.
The Puerto Rico's Science, Technology and Research Trust will invest $225,000 through the follow-up fund Parallel18 Ventures in InsureTech startup Abartys Health and FinTech startup Quiena, the nonprofit confirmed.
Colmena66 and the Federal Reserve Bank of New York will hold a one-stop shop to assist small business owners and entrepreneurs.
Puerto Rico start-up company Akcelita Innovation Labs was presented with a bronze award for their product “Artificial Sensing-Retail Banking Application”
Alex Gómez, president of Tijuana’s Bar & Grill Corp. has been named Puerto Rico’s Small Business Person of the Year by the U.S. Small Business Administration, the agency announced.
The U.S. Small Business Administration announced that more than $1 billion in low-interest disaster loans has been approved for 28,106 Puerto Rico residents and businesses recovering in the aftermath of Hurricanes Irma and María, which struck in September 2017.
Prior to the extensive damage caused by Hurricanes Irma and María to Puerto Rico last September, the island’s small businesses were already dealing with several challenges, including maintaining liquidity, according to a report released by the Federal Reserve Bank of New York.
Colmena66 — an initiative of the Puerto Rico Science, Technology and Research Trust — in its first year has signed up more than 200 organizations in its network dedicated to building and strengthening Puerto Rico’s entrepreneurial ecosystem, according to the results of its first Impact Report.
As rebuilding efforts continue in the wake of Hurricane María, Kmart and Sears will sponsor a toy drive through its “Shop your Way” loyalty program in partnership with Major League Baseball player René Rivera.
Puerto Rico residents and Act 20/22 decree investors Toby Neugebauer and Charlie Hamilton announced a long-term partnership with microfinance organization Grameen America to support women entrepreneurs on the island.
Rep. Nydia M. Velázquez (D-NY) and Puerto Rico Resident Commissioner, Rep. Jennifer González-Colón, have written the head of the Small Business Administration expressing the need to expand contracting opportunities for small businesses in Puerto Rico.
The Puerto Rico's Science, Technology and Research Trust will invest $225,000 through the second round of the follow-up fund Parallel18 Ventures, the organization announced Tuesday.
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