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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SBA supports $80.5M in loans to P.R., USVI small biz
November 3, 2015
The U.S. Small Business Administration approved $80.5 million in loans to small business in Puerto Rico and the U.S. Virgin Islands during fiscal year 2015, District Director Yvette T. Collazo announced Monday.
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Nonprofits launch ‘Goal 1B’ to spur local biz networking
October 1, 2015
The National Minority Supplier Development Council (NMSDC) and the Puerto Rico Minority Supplier Development Council (PRMSDC) announced Wednesday the upcoming start of “Goal 1B,” a strategy designed to help Puerto Rican industries expand their market.
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SBA microloan program grows access to entrepreneurs
June 18, 2015
The U.S. Small Business Administration this week published a final rule for the microloan program that provides more flexibility to SBA non-profit intermediaries, expands the pool of microloan recipients, and increases accessibility in SBA programs.
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’15 national Small Business Week awardees announced
April 20, 2015
María Contreras-Sweet, the head of the U.S. Small Business Administration, recently announced the 2015 National Small Business Week awardees, which includes the Puerto Rico Women’s Business Institute among the select group.
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Op-Ed: Small biz must export east to keep leadership
March 23, 2015
By 2030, more than 2 billion Asian consumers are expected to join the global middle class. In 15 years, the Asian market is projected to be six times larger than the U.S. market.
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Popular’s small business loan activity at $280M in ’14
February 11, 2015
Banco Popular officials said Tuesday commercial lending activity for Puerto Rico’s small and mid-sized business segment reached $280 million in 2014, a 25 percent year-over-year increase that shows “an encouraging picture.”
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EDB unveils 2 financing programs for gov’t contractors
February 10, 2015
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.
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SBA, credit unions partner to expand small biz lending
February 10, 2015
U.S. Small Business Administration Administrator Maria Contreras-Sweet and National Credit Union Administration Board Chairman Debbie Matz signed a Memorandum of Understanding to invest in the nation’s entrepreneurial potential by expanding the accessibility of small dollar SBA loans from credit unions.
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SBA offers social media crisis communications webinar
February 2, 2015
Whether it’s a fast-moving storm, a power outage or an in-house crisis, providing clients and business partners status updates is key to the survival of an organization.
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