The Economic Development Bank’s Economic Activity Index indicates a steady positive trend. #NewsismyBusiness
New alliance aims to drive economic growth with funding and resources for emerging businesses. #NewsismyBusiness
A total of 3,264 grants for $145.2 million have been closed to support entrepreneurs on the island.
The agency partnered with PRiMEX to benefit small and medium-sized companies.
The funding will go toward operating two programs: a collateral support program and a loan participation program for small businesses.
They will offer financing alternatives to local businesses for expansions and to encourage exports.
The index registered 125.7 points in May.
The study reflected that the positive outlook is related to economic growth during 2022 that could generate more than 40,000 jobs.
This webinar will be held from 10 a.m. to 12 p.m. via Zoom.
The Puerto Rico Economic Development Bank doubled the number of loans approved for small and mid-sized businesses in 2021, when compared to 2019, agency President Luis Alemañy said, adding that in doing so, “the public corporation has become one of the main sources of aid and financing” for that segment known as SMEs. Offering a […]
Several positive indicators point to an economic improvement on the island during 2021 in the face of the great losses caused by the COVID-19 pandemic, Puerto Rico Economic Development Bank President Luis Alemañy said. The agency’s Center for Economic Studies — headed by Economists Gladys Medina and Juan Carlos Gonzalez — offered a rundown of […]
Puerto Rico’s Economic Activity Index (EAI) for September 2021 reached a maximum level of 120.3 points, representing a year-on-year increase of 2.7%, according to the Puerto Rico Economic Development Bank’s Center for Economic Studies. “This is the seventh year-on-year increase after 12 consecutive reductions. If compared to the previous month, the EDB-EAI’s growth rate rose […]
The Puerto Rico Economic Development Bank announced the first virtual orientation to new and existing entrepreneurs who received unemployment and Pandemic Unemployment Assistance benefits. The webinar is scheduled for Nov. 18 at 10 a.m. This after a few weeks ago, the EDB signed a collaborative agreement with the Department of Labor and Human Resources to […]
A healthy group of participants took part in the first orientation session under the new mentoring program for small retailers offered jointly by the Puerto Rico College of Certified Public Accountants and the Puerto Rico Economic Development Bank. “With this agreement we ensure that participants have first-hand information from professionals with extensive experience to help […]
An agreement between the United Retailers Association (CUD in Spanish) and the Puerto Rico Economic Development Bank (EDB, in Spanish) seeks to boost growth among the island’s small- and medium-sized businesses into new markets. The collaboration between the public agency and the trade group will provide, among other benefits, public workspaces to CUD members. The […]
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