Rep. Nydia M. Velázquez (D-NY) and Puerto Rico Resident Commissioner, Rep. Jennifer González-Colón, have written the head of the Small Business Administration expressing the need to expand contracting opportunities for small businesses in Puerto Rico.
A bill amending Law 62 of 2014 calling for an increase in government purchases from local small and mid-sized businesses from 20 percent to 30 percent starting this year has been signed into law, House Speaker Jaime Perelló announced.
The Economic Development Bank for Puerto Rico recently unveiled two new financing options for local and federal government contractors, with the goal of promoting procurement, agency President Joey Cancel said.