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The U.S. Small Business Administration guaranteed 656 loans in Puerto Rico and the U.S. Virgin Islands during fiscal year 2011, a 57 percent increase over loans approved during the previous year. The results obtained are due in part to incentives implemented under the Small Business Jobs Act of 2010 and to a renewed commitment from SBA lenders.
Municipal buildings, public service centers and some 60 families in the mountain town of Aibonito are investing more than $420,000 to develop “green” energy projects to reduce their energy costs and their dependence on fossil fuels, Puerto Rico Energy Affairs Administration Executive Director Luis Bernal said Thursday.
Constructora Sambil, the Venezuelan developer behind the proposed $400 million mega-shopping center in Guaynabo, is hopeful it will be able to break ground on the project this year after the Puerto Rico Supreme Court denied a motion for reconsideration presented by Plaza Las Américas that sought to paralyze the mall’s construction.
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