EDB launches online banking tool for commercial clients
August 22, 2014
The Economic Development Bank unveiled Thursday an online banking tool that allows its commercial clients to apply for loans and follow through on their applications, becoming the first financial institution in Puerto Rico to offer this type of service.
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EDB, ADSEF join to push community biz development
August 6, 2014
As part of an initiative to promote the development of small businesses among low-income families, the Economic Development Bank for Puerto Rico and the Family Department's Socio-Economic Development Administration, known as ADSEF, have joined forces help those participating in the islandwide Economic and Social Rehabilitation program.
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New EDB product to support community pharmacies
June 13, 2014
The Economic Development Bank on Thursday announced a partnership with the Puerto Rico Community Pharmacies Association to launch a new product to help promote the sector’s growth through financing new and existing operations.
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EDB, Microfinanzas PR partner to spur self-employment
May 29, 2014
As part of an initiative to promote the development of micro-enterprises and self-employment among Puerto Rico’s low-income residents, the Economic Development Bank has partnered with the Puerto Rico Microfinances Corp., known as Microfinanzas PR, to establish a case referral system between the institutions.
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EDB, Scotiabank partner to boost local exports
March 27, 2014
As part of an initiative to promote exports of local products, Economic Development Bank President Joey Cancel-Planas announced Wednesday the signing of a partnership with Scotiabank Puerto Rico to spur international transactions.
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Puerto Rico CPA Society, EDB ally to identify financing
August 30, 2013
The Puerto Rico CPA Society and the Economic Development Bank have partnered to, among other things, identify financing sources and services to help promote local products and services companies with the goal of creating jobs and strengthening existing businesses, EDB President Joey Cancel-Planas said Thursday.
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Cancel-Planas appointed new EDB chief
June 11, 2013
Certified Public Accountant Joey Christopher Cancel-Planas has been named the Economic Development Bank’s new president, taking office nearly six months into Gov. Alejandro García-Padilla’s term. His appointment was announced Monday by EDB Board Chairman Javier Ferrer, who is president of the Government Development Bank.
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Puerto Rico MBDA honors EDB’s financial programs
October 22, 2012
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.
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EDB approves $2.8M loan to spare Loíza’s only mall
October 18, 2012
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.
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EDB included in private banking loan guarantee program
September 26, 2012
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.
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Entrepreneurial women may borrow up to $15K from EDB
September 13, 2012
Gov. Luis Fortuño announced Wednesday the availability of a new financing tool that lets Puerto Rico's women entrepreneurs borrow of up to $15,000 to expand their businesses, as well as a scholarship fund to help them get ahead, professionally speaking.
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Santander launches U-Work internship program
September 7, 2012
As part of its pursuit of creating such professional opportunities, Banco Santander Puerto Rico, through its Santander Universities Global Division, announced Thursday the start of its “U-Work” internship program on the island.
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EDB: $33M in farming loans approved since Jan. ’09
August 3, 2012
The Puerto Rico Economic Development Bank has approved $33 million in loans to island farmers since the current administration took over in 1999, agency President Ivonne Otero said Thursday.
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La Fortaleza hosts ‘Urban Market’ event
July 23, 2012
More than 20 farmers and culinary artisans were invited to La Fortaleza last week to take part in a special edition of the Economic Development Bank-sponsored Urban Market event intended to expose them to the requirements to become suppliers to the governor’s mansion.
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EDB closes Fiscal ’12 with $208M loan portfolio
June 29, 2012
The Economic Development Bank for Puerto Rico closed Fiscal ’12 with a record-setting $208 million portfolio of loans granted to the island’s small and mid-sized businesses, the highest figure on record since its establishment in 1985, agency officials said Thursday.
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