The Puerto Rico United Retailers Association and the Ana G. Méndez University System signed a collaboration agreement this week through which the Turabo University School of Business and Entrepreneurship will conduct a study on the current situation of small and medium enterprises, better known as PYMES.
The study will aim to identify problems and areas for growth in this important sector of the economy. The School of Business and Entrepreneurship will work on recommendations arising from the research, assist in its implementation and provide advice on business development along with the CUD, as the retailer’s trade group is known by its initials in Spanish.
“Last June I had the opportunity to participate in the presentation of the ‘Inventory of Programs and Incentives for PYMES’ study by Professor Alizabeth Sánchez and we thought it would be of great benefit to establish a working alliance with this prestigious academic institution,” said CUD President Enid Monge. “Turabo University has been very proactive in academic research related to the PYMES sector, an important area for the economy.”
For his part, José Méndez, president of Ana G. Méndez system, said he supports the alliance “because it strengthens economic development and opportunities for creating new jobs at the regional and municipal levels.”
The results of the study will be unveiled to CUD members and the media un July 2014, during the trade group’s annual convention.