The National Association of State Latino Chambers of Commerce (NASLCC) and the National Minority Supplier Development Council (NMSDC) signed in Chicago a memorandum of understanding to provide training, and business opportunities for Latino businesses in the United States and Puerto Rico, the nonprofits announced.
Prior to the extensive damage caused by Hurricanes Irma and María to Puerto Rico last September, the island’s small businesses were already dealing with several challenges, including maintaining liquidity, according to a report released by the Federal Reserve Bank of New York.
U.S. House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY) sent a letter Tuesday calling on the Small Business Administration to outline the concrete actions it is taking to help the thousands of Puerto Rican small businesses recovering from Hurricane Maria.
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