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The Economic Development Bank for Puerto Rico —Spanish: Banco de Desarrollo Económico para Puerto Rico (BDE)— is a government-owned corporation of Puerto Rico that provides loans, loan guarantees, and funds to private organizations whose economic activities have the effect of replacing imports in Puerto Rico. [1]
Instituto de Banca y Comercio was founded by Fidel Alonso-Valls in 1974 in the city of San Juan, Puerto Rico, where it only had two classrooms and 15 students. Initially, it was an institution specialized in preparing tellers for the banking industry in Puerto Rico. Hence its original name, International Banking School.
The BPPR in the logo stands for Banco Popular de Puerto Rico, where the bank has its major historical footprint. Popular, Inc. is the parent company of Banco Popular de Puerto Rico, Popular Bank, E-Loan, and several other companies. The headquarters of Banco Popular Puerto Rico is in Hato Rey, San Juan.
In October 2017, a month after Hurricane Maria devastated Puerto Rico's infrastructure, $41.2 million in federal funds was earmarked for The Puerto Rico Office for Socioeconomic and Community Development (ODSEC) with a mandate that the funds be distributed, for infrastructure work, to municipalities with over 50,000 inhabitants. [2]
In addition to Members of Congress, fifteen non-governmental organizations including NRDC, GRID Alternatives, Community Foundation of Puerto Rico, Environment America, and the League of Conservation Voters all wrote a letter to President Biden asking that he appoint new commissioners to FOMB's board who would protect rooftop solar and storage ...
The Bank was the brainchild of Governor Rexford Guy Tugwell, who signed Law 253 of May 13, 1942, creating the institution in charge of economic development for the Government of Puerto Rico. A subsequent law in 1945 expanded its responsibilities to include serving as the fiscal agent for, and financial advisor of, the government of Puerto Rico.
OFG Bancorp headquarters. OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico.OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services ...
The Puerto Rico Center for the New Economy (CNE) —Spanish: Centro para la Nueva Economía— is an economy-centered think tank that has emerged as an incubator for future economic public policy in that United States territory. [1]