Senate mulls amending SMEs Incentives Law
July 17, 2017
The Senate’s Social and Economic Revitalization Committee recently held public hearings on Bill 374 that seeks to amend the Incentives law for the generation and retention of small and medium sized enterprise jobs.
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Velázquez bill would boost P.R. small business growth
May 19, 2017
The top Democrat on the House Small Business Committee, Rep. Nydia M. Velázquez (D-NY), unveiled Thursday an array of legislative proposals aimed at igniting small business growth and entrepreneurship in Puerto Rico.
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NY Fed study sheds light on P.R. small business traits
January 31, 2017
A new study released Monday by the Federal Reserve Bank of New York showed that the majority of Puerto Rico’s small businesses both in and outside the San Juan metropolitan area have few employees and annual revenues under $250,000, among other similarities.
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Bankers Association offers tips for small biz success
January 30, 2017
The Puerto Rico Bankers Association is offering a series of recommendations to the island’s small and mid-sized business community so they can “get off on the right foot” this year.
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MED Week event presents prospects for local businesses
January 27, 2017
The Puerto Rico MBDA Business Center, run by the Puerto Rico Products Association, will sponsor an event on Feb. 2 to spur business growth opportunities for local companies.
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NY Fed study: Small biz ‘persevering’ through P.R. crisis
November 15, 2016
Puerto Rico’s small businesses are “persevering through… [the] economic crisis,” but are concerned about managing cash flow and rising operating costs, according to the findings of the Federal Reserve Bank of New York’s “Puerto Rico Small Business Survey” released Monday.
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SBA opens new Women’s Business Center in Mayagüez,
September 8, 2016
The U.S. Small Business Administration’s Puerto Rico and U.S. Virgin Islands district office announced Wednesday the opening of a new Women’s Business Center in Puerto Rico.
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SBA to promote small biz creation in LGBT community
August 29, 2016
The U.S. Small Business Administration Puerto Rico office and the humanitarian organization Nuestra Familia LGBTT Puerto Rico have entered into a strategic alliance to foster small business creation in the lesbian, gay, bisexual and transgender (LGBTT) community on the island.
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3 P.R. co.’s busted for falsely declaring small biz status
July 18, 2016
Constructora Santiago II, Corp., Centro Cardiovascular and Hospital Del Maestro have agreed to pay $132,000, collectively, to the United States to resolve allegations that each falsely certified to the Nuclear Regulatory Commission that it was a small business entity to pay reduced nuclear material handling fees.
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Roosy Roads among SBA’s new qualified HUBZones
June 17, 2016
The U.S. Small Business Administration announced Thursday the designation of an additional 516 census tracts qualified as Historically Underutilized Business Zones (HUBZones) in Puerto Rico, for a new total of 776.
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Puerto Rico registers 4% small biz growth in ’15 Y-O-Y
June 14, 2016
Puerto Rico’s small- and mid-sized business sector showed a 4 percent year-over-year growth last year, when some 207,867 were in operation, up from the 199,848 up and running in 2014.
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Sacred Heart, PRSBTDC join to promote innovation
May 10, 2016
Students and professors from Sacred Heart University will have the support of the Puerto Rico Small Business and Technology Development Centers (PRSBTDC) to create new businesses based on innovation, the organizations announced Monday.
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EDB cements efforts to support P.R. microenterprises
February 24, 2016
As part of an economic development initiative with special focus on business development in special communities, as well as to promote the establishment of a model toward economic self-sufficiency, the Economic Development Bank and the Office the General Coordinator for Socioeconomic Financing (OFSA) formalized a partnership to establish a line of support for small businesses that sprouting in those areas.
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SBA Surety Bonds program guarantee limit up by 20%
December 22, 2015
Small businesses will have more contracting opportunities beginning in Fiscal 2017 thanks to a law President Obama signed recently that increases the maximum Small Business Administration surety bond guarantee percentage by 20 percent.
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SBA: ‘Shop small for all on Small Business Saturday’
November 27, 2015
Small business owners across the U.S. mainland and Puerto Rico are preparing for the most important shopping day of the year, “Small Business Saturday,” an event sponsored by the U.S. Small Business Administration.
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