First BanCorp President Aurelio Alemán echoed Thursday what many other banking executives have been saying in recent months: the sector is slowly starting to pick up the pieces after the storm, but much work remains ahead for it to thrive again.
Puerto Rico Hotel and Tourism Association members got a closer glimpse of the development projects underway in San Juan, where the municipal government is overseeing several initiatives: the Walkable City and the SATOUR light-rail transportation system.
The U.S. Small Business Administration guaranteed 656 loans in Puerto Rico and the U.S. Virgin Islands during fiscal year 2011, a 57 percent increase over loans approved during the previous year. The results obtained are due in part to incentives implemented under the Small Business Jobs Act of 2010 and to a renewed commitment from SBA lenders.
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