Puerto Rico gov’t: Indicators show Puerto Rico’s economic growth
January 3, 2024
Most sectors of the economy have shown year-over-year growth and consistency. #NewsismyBusiness
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Gov’t: Spain has become ‘essential trading partner’ to Puerto Rico
September 29, 2023
At the end of fiscal year 2023, Puerto Rico’s exports to Spain reached $3.9 billion, an increase of 44% compared to the previous year. #NewsismyBusiness
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Puerto Rico is short 40,000 workers for post-hurricane reconstruction
August 24, 2023
Island officials discuss challenges and plans to double the workforce. #NewsismyBusiness
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Puerto Rico marks 1.8% YOY growth in EDB-EAI
July 13, 2023
The Economic Development Bank’s Economic Activity Index indicates a steady positive trend. #NewsismyBusiness
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Puerto Rico development bank, CofC partner to support startups
May 18, 2023
New alliance aims to drive economic growth with funding and resources for emerging businesses. #NewsismyBusiness
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EDB gets additional $100M in CDBG-DR funds
March 10, 2023
A total of 3,264 grants for $145.2 million have been closed to support entrepreneurs on the island.
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BDE to allocate $20M to foster local manufacturing, exports
March 2, 2023
The agency partnered with PRiMEX to benefit small and medium-sized companies.
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Puerto Rico to get $109M in federal funds for small business growth
February 9, 2023
The funding will go toward operating two programs: a collateral support program and a loan participation program for small businesses.
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EDB, PRMA partner to offer financing options to local SMEs
July 25, 2022
They will offer financing alternatives to local businesses for expansions and to encourage exports.
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Puerto Rico’s Economic Activity Index exceeds pre-hurricane levels
July 8, 2022
The index registered 125.7 points in May.
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Puerto Rico Economic Dev’t Bank predicts growth after COVID-19 restrictions dropped
March 14, 2022
The study reflected that the positive outlook is related to economic growth during 2022 that could generate more than 40,000 jobs.
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Puerto Rico Builders Association, EDB to host joint webinar
February 11, 2022
This webinar will be held from 10 a.m. to 12 p.m. via Zoom.
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EDB doubled its financing capacity for SMEs in ’21 vs. ’19
January 18, 2022
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 […]
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EDB: Key indicators show Puerto Rico’s economic recovery in ’21
January 3, 2022
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 […]
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Economic Activity Index up 2.7% in Sept. despite pandemic-related crisis
November 24, 2021
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 […]
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