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prima:U.S. Treasury allocates $30 million for small and medium businesses in Puerto Rico

The allocation was earmarked for the Economic Development and Trade Bank and will be administered by the Science, Technology and Research Trust

August 1, 2024 - 5:39 PM

The SMEs that will be considered are those newly created or already existing that do not qualify for any other financial instrument. (Shutterstock)

In order to solve the problem of access to capital that exists in Puerto Rico, the U.S. Treasury Department allocated $30 million to implement a new venture capital access program that will benefit small and medium enterprises (SMEs), announced on Thursday Luis Alemañy, president of the Economic Development Bank (EDB).

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