Economic Development Bank receives $1M to boost job creation in rural areas
April 23, 2019
The Economic Development Bank for Puerto Rico got approved and will receive $1 million from the U.S. Department of Agriculture’s Rural Development office, EDB President Luis Burdiel announced. “This capital injection will be used to provide loans for small and medium enterprises in rural areas of the island to promote new job creation,” Burdiel […]
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Economic Activity Index shows ‘encouraging’ results in October
November 29, 2018
Puerto Rico’s Economic Activity Index reached 120.4 in October, with indicators reflecting a “substantial improvement."
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EDB chief presents formula to promote local SMEs
February 23, 2017
The Economic Development Bank has a specific agenda it will follow to promote local small and mid-sized enterprises, including the creation of a training institute for entrepreneurs, agency President Luis Burdiel-Agudo said.
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Government grants $103M in small biz loans
March 20, 2012
Gov. Luis Fortuño announced Monday the government has granted $103 million in loans through programs run by the Economic Development Bank, under the “Because You Can” initiative that caters to small- and mid-sized businesses and pursues job creation and economic activity.
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EDB, UPR join to light entrepreneurial spark in students
November 9, 2011
Economic Development Bank President Ivonne Otero and University of Puerto Rico President Miguel Muñoz unveiled Tuesday the "University Business Movement" program, a new initiative that seeks to promote an entrepreneurial spirit among college students.
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