The program directly served businesses affected by the COVID-19 pandemic through a grant from Wells Fargo. #NewsismyBusiness
Funding is expected help address urgent needs following Hurricane Fiona.
Foundation for Puerto Rico (FPR) announced the launch of [re] ACTIVA, a new mentoring and training program aimed at small businesses whose operations have been affected by the COVID-19 pandemic. The program emerged after the nonprofit received of a $254,487 grant from Wells Fargo Open Business Fund. The entity is the only local organization on […]
The Wells Fargo Foundation announced a $100,000 donation to the American Red Cross for ongoing relief efforts across Puerto Rico in the aftermath of a series of earthquakes. The American Red Cross is providing shelter, food, health and mental health services and other urgent basic needs to local communities as they work to recover from […]
PathStone Enterprise Center Inc. (PECI) received a $1.5 million grant from Wells Fargo to provide capital and technical assistance to business owners on the island, the company announced. The investment, which is part of the Wells Fargo Works for Small Business: Diverse Community Capital (DCC) program, will help small businesses that are still in the process […]
Four months after announcing it had agreed to acquire Wells Fargo’s auto finance business in Puerto Rico, which operates as Reliable Financial Services Inc., Banco Popular de Puerto Rico confirmed it has filed a notice with the Federal Reserve System to close the deal.
While saying Puerto Rico is not “America’s Greece,” a senior analyst with Wells Fargo Securities said the time has come for the island to implement drastic change or risk facing an even bigger economic collapse.
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