P.R.’s Parallel18 among winners of SBA’s Growth Accelerator Fund Competition
October 1, 2019
San Juan-based accelerator Parallel18 has been chosen among the 60 winners of U.S. Small Business Administration’s Growth Accelerator Fund Competition, to receive $50,000 each to support startups and entrepreneurs researching and developing STEM-related innovations. The combined $3 million will support development focused on a broad set of industries and sectors, SBA Acting Administrator Chris Pilkerton […]
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SBA opens call for ’20 National Small Business Week
September 10, 2019
The U.S. Small Business Administration is now accepting nominations for its 2020 National Small Business Week Awards, including the annual Small Business Person of the Year. For more than 50 years, National Small Business Week has celebrated the inspiring achievements of America’s small businesses and the countless contributions they make to their local communities, and […]
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Gurabo’s Fab Lab Puerto Rico wins $25K from SBA’s MaTCH competition
August 21, 2019
The Fab Lab Puerto Rico, based at the Ana G. Méndez Gurabo Campus, has won $25,000 through the U.S. Small Business Administration’s Makerspace Training, Collaboration and Hiring (MaTCH) Pilot competition. The Fab Lab Puerto Rico will use the award to support a digital production technician certification through the continuing education program to address the job […]
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SBA opens funding call for nonprofits training service-disabled veteran entrepreneurs
July 9, 2019
The U.S. Small Business Administration announced that nonprofit organizations, state and local agencies, and institutions of higher learning are eligible to compete for funding of up to $150,000 to deliver entrepreneurship training to service-disabled veterans. Up to six awardees will use the $300,000 in total funding to participate in the Service-Disabled Veteran Entrepreneurship Training Program […]
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Op-Ed: SBA MaTCH competition ignites workforce development, problem solving
June 21, 2019
The U.S. Small Business Administration kicked off a new Makerspace Training, Collaboration and Hiring (MaTCH) pilot competition to help employers find workers with the skills they need. As the United States reaches historic levels of job creation due to the pro-growth economic policies set by President Trump and his administration, the American job market has […]
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SBA launches 5th annual ‘Growth Accelerator Fund’ competition
June 6, 2019
The U.S. Small Business Administration announced the fifth round of its “Growth Accelerator Fund” competition to recognize the nation’s most innovative accelerators, including incubators, co-working startup communities, or other similar models, to compete for cash prizes of $50,000 each for a total of $3 million. “Accelerators provide invaluable resources to small business startups, such as […]
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SBA launches ‘Makerspace Training, Collaboration and Hiring’ pilot competition
May 30, 2019
U.S. Small Business Administration Acting Administrator Chris Pilkerton announced the launch of the Makerspace Training, Collaboration and Hiring pilot competition, known as MaTCH. The MaTCH Pilot Competition seeks to address the job skills and placement gaps faced by U.S. businesses by providing funding to create or expand programs with job-specific and soft skills training within […]
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FirstBank grants $2M in CAPLine financing to Kandor Manufacturing
May 20, 2019
In the next few months, Kandor Manufacturing will increase its staff with 225 new jobs based in Arecibo, after receiving a $2 million line of credit from FirstBank. Kandor, a Puerto Rican company specializing in the manufacture of uniforms and military supplies, recently received the third line of credit issued on the island under the […]
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Op-Ed: Small Business Week spotlights local entrepreneurs and small biz
May 8, 2019
During National Small Business Week, May 5-11, the U.S. Small Business Administration will shine a bright spotlight on our nation’s 30 million small businesses. Entrepreneurs will tell their individual stories of pursuing their dreams, embracing the American work ethic and achieving success. The process of entrepreneurship has never been easy; the SBA is privileged to […]
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Veterans Business Outreach Center now has specialist in P.R. to serve military community
May 1, 2019
The U.S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office announced that the Veterans Business Outreach Center (VBOC) serving SBA’s Region II, has appointed retired US Army Sgt. 1st Class Juan Marrero as VBOC Outreach Specialist in Puerto Rico. The VBOC program is a one-stop shop for transitioning or active duty service […]
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Op-Ed: Top-notch SBA resource partners help entrepreneurs thrive
April 26, 2019
The U.S. Small Business Administration is focused on elevating America’s 30 million small businesses, the engines of our national and regional economies. Collaboration with our resource partners is essential to our mission of helping them start, grow and expand. The SBA provides access to capital, training and additional resources to help small businesses start and […]
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SBA to host free workshops in P.R. to support federal contracting for disadvantaged small biz
April 23, 2019
The U.S. Small Business Administration Puerto Rico and U.S. Virgin Islands district office will conduct a series of workshops in San Juan over the next few months as part of its 7(j) Management and Technical Assistance program, to support socially and economically disadvantaged small businesses in their efforts to obtain federal contracts. “The SBA is […]
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SBA’s Emerging Leaders program kicks off in San Juan, Ponce
April 22, 2019
The U.S. Small Business Administration (SBA) Puerto and U.S. Virgin Islands district office has begun the 2019 Emerging Leaders training series with its fifth cycle in San Juan and, for the first time, in Ponce. “The expansion of SBA’s Emerging Leaders program to new locations every year has made this invaluable training series accessible to […]
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Op-Ed: The small business boom rolls on
April 10, 2019
As Tax Day 2019 swiftly approaches, numerous entrepreneurs are seeing new benefits from the Tax Cuts & Jobs Act, enabling them to grow their ventures and hire additional staff. I recently co-hosted the White House Manufacturing Roundtable at which about 20 small business owners discussed the resurgence of manufacturing in the chemical, construction, consumer goods, […]
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SBA’s National SBIR road tour to stop in P.R. in November
April 5, 2019
The U.S. Small Business Administration announced it will launch a 16-stop road tour connecting entrepreneurs working on advanced technology to the largest source of early stage funding – the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The SBIR Road Tour will stop in Puerto Rico Nov. 15, the agency announced. […]
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