The Puerto Rico Minority Business Development Agency recently bestowed its “Capital Access” award to the Economic Development Bank for the various programs the agency has developed to meet the financial needs of many sectors of the island’s economy.
The Economic Development Bank approved a $2.5 million rescue loan to spare the Ocean Marina Blue Shopping Center, the only strip mall in Puerto Rico’s coastal town of Loíza, owned by siblings and built in 2008.
The Economic Development Bank was included Tuesday in the Puerto Rico Development Fund Guarantee Program through an agreement signed with the Government Development Bank, government officials announced.