Fourteen small businesses in the town of Vega Baja will receive grants of up to $50,000 each for a total of $659,112, town Mayor Marcos Cruz-Molina announced. The funding comes following an alliance between the municipality, the Puerto Rico Economic Development Bank, and the Community Socio-Economic Institute (INSEC, in Spanish). The first entrepreneurs who each […]
The Puerto Rico Economic Development Bank and the United Retailers Association (CUD in Spanish) approved $820,000 in grants to entrepreneurs in the municipality of Camuy and delivered subsidies that amount to $651,670, the bank confirmed. The funding is part of an alliance between the government agency and the private-sector trade group, which “results in direct […]
The Puerto Rico Economic Development Bank’s Economic Activity Index reflected a year-on-year increase of 3.3% for last August, which represents the sixth increase after 12 consecutive reductions, the agency confirmed. Compared to July, the same indicator reflected a slight improvement, an increase of 0.2%. “While it’s true that these are positive indicators, we’re also monitoring […]
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