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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Puerto Rico retail sales up $20.1M in October
January 29, 2015
Puerto Rico’s retail sale saw a $20.1 million increase in October, when activity exceeded $3.22 billion, Puerto Rico Trade and Export, the government agency that tracks this economic sector, said Wednesday.
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Op-Ed: On Small Biz Saturday, ‘shop small, dine small’
November 18, 2014
As the voice for our nation’s entrepreneurs, we at the U.S. Small Business Administration (SBA) celebrate small businesses daily.
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8 small businesses picked to operate in Roosy Roads
October 8, 2014
The Roosevelt Roads Redevelopment Authority announced the selection of eight microbusinesses from Puerto Rico’s eastern flank to establish operations inside the former Navy base that is currently being repurposed for public access.
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SBA accepting ’15 National Small Biz Week nominations
October 2, 2014
The U.S. Small Business Administration Puerto Rico District Office announced Wednesday that SBA’s online portal is ready to accept nominations for its 2015 National Small Business Week Awards, including the annual Small Business Person of the Year award.
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Universidad del Este, SBA partner for entrepreneurship
September 26, 2014
The Universidad del Este and the U.S. Small Business administration have partnered to work together on a plan to “create, preserve, and expand” small businesses in Puerto Rico.
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U.S. Treasury awards $4.9M to Puerto Rico’s EDB
September 25, 2014
The U.S. Treasury Department announced Wednesday the transfer of more than $4.9 million in State Small Business Credit Initiative (SSBCI) funds to Puerto Rico to help local businesses access the capital they need to grow and hire.
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