San Juan Mayor Miguel Romero unveiled details of the newly created Capital Entrepreneurship Program, through which the municipality seek to help create and expand local business in Río Piedras, Santurce, Condado and Old San Juan through incentives. The initiative will establish agreements with private businesses to support existing merchants and incentivize new entrepreneurs, he said […]
People around the world have lost their jobs due to the COVID-19 pandemic, and while the government has helped in some ways, it is not enough for some families. Even young college students need money to finance their studies, but finding a job is not that easy to achieve anymore. And so, while stuck at […]
Aware that this hurricane season creates a new challenge for small businesses, which are also struggling with a global pandemic, the Puerto Rico Small Business and Technology Development Center is calling on small businesses to prepare their contingency plan for business continuity. Ricardo Martínez, executive director of the nonprofit based at the InterAmerican University of […]
The business interruption to companies in Puerto Rico and the world has prompted Puerto Rican law firm Meléndez Torres Law PSC, to offer free help small and medium-sized as well as nonprofit organizations in accessing funds from the U.S. Small Business Administration. Managing Partner Sonia Torres said the firm’s legal team has made itself available […]
The Caguas municipal government announced the availability of funds for emergency loans to the town’s small businesses, said Central Eastern Development Bank Executive Director Adrián Muñiz-Mariani. The entity known as BADECO for its initials in Spanish will be responsible for granting commercial emergency loans to city business owners, as part of a series of municipal […]
Looking to support Puerto Rico’s small and medium-sized businesses, financial institution Oriental unveiled another initiative within the “Relief Program for Businesses” for commercial customers that have been economically affected by the coronavirus COVID-19 shutdown. The Relief Program for Businesses includes several loans alternatives, including an option through the U.S. Small Business Administration to cover payroll […]
The U.S. Small Business Administration and the U.S. Department of Treasury announced the start of the $349 billion Paycheck Protection Program, to provide relief to millions of small businesses so they can sustain their businesses and keep their workers employed. “This unprecedented public-private partnership is going to assist small businesses with accessing capital quickly. Our […]
Puerto Rico Treasury Secretary Raúl Maldonado inaugurated, along with Guaynabo Mayor Ángel Pérez, the town’s first 360 Service Center, specialized in assisting small and mid-sized businesses to complete transactions in a single place. “This collaborative agreement with the municipality of Guaynabo is part of Gov. Ricardo Rosselló’s commitment to provide all the tools to help […]
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 […]
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, […]
The head of the U.S. Small Business Administration Linda McMahon announced that this year’s National Small Business Week will be held from May 5-11, 2019. McMahon will start the week in Washington, D.C., where she will recognize and award outstanding small business owners and SBA Resource Partners from around the nation. She will continue the […]
The partnership will provide technical support to small businesses as part of the “Bottom Up Destination Recovery Initiative."
In the year since Hurricane María struck Puerto Rico, the share of so-called “micro-revenue” firms generating $50,000 or less in profits increased.
The nonprofit confirmed that 93 percent of the businesses supported through the initiative remain in operation.
The U.S. Small Business Administration marked 65 years of serving as a voice and ally to millions of small businesses.
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