Caribbean E-Outlook December 2012

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December 2012

Caribbean E-Outlook

Puerto Rico & USVI District Office Newsletter

Brought to you by the U.S. Small Business Administration

SBA Honors Bayamón-based Entrepreneur as Minority Small Business Person of the Year 2012

Dionisio Ortiz, Jorge Silva-Puras and María de Jesús

The U.S. Small Business Administration honored Dionisio Ortiz, president of Bayamón-based Corporate Development Solutions Inc., as Minority Small Business Person of the Year for the district of Puerto Rico and the Virgin Islands.

“Dionisio Ortiz is a vivid example of successful minority entrepreneurship,” said SBA Regional Administrator Jorge Silva-Puras upon bestowing the award. “Not only has he excelled at providing highly sophisticated Information Technology solutions, but he has raised the bar for others in his field of expertise as well. The SBA is proud to honor him with this award.”

With over 25 years of experience and hands-on implementation of high-tech communications systems, Ortiz has succeeded in establishing a serious presence for CDS in the Caribbean region as a leading IT infrastructure installation and services provider.

Click here to read more

SBA Announces COOPACA as New 7(a) Lender in Puerto Rico

William Méndez, María de Jesús and Jessy de Jesús

The U.S. Small Business Administration has given authority to Cooperativa de Ahorro y Crédito de Arecibo, better known by its acronym COOPACA, to provide financial assistance to small businesses under SBA’s 7(a) Loan Guaranty Program, the agency has announced.

“We are pleased to welcome COOPACA to SBA’s family of participating lenders in Puerto Rico and are proud that an institution with its reputable history has applied for the authority to provide financing with the SBA guaranty,” said SBA Deputy District Director María de los Ángeles de Jesús.  “At times when it may be a challenge for small business owners to obtain financing, it is encouraging to see a new point of access to financial alternatives that count with the support of our programs.”

During a signing ceremony at SBA facilities in Hato Rey, SBA and COOPACA officials agreed to work together in fostering the island’s economic development by promoting opportunities that result in increased small business creation and expansion.  COOPACA is the fifth credit union to become an SBA 7(a) lender in Puerto Rico, joining Cooperativa de Ahorro y Crédito de Aguada, Mauna-Coop, Cooperativa de Ahorro y Crédito Dr. Manuel Zeno Gandía and Caribe Federal Credit Union.

Read more

SBA Accepting Nominations for
Small Business Innovation Research Awards

The U.S. Small Business Administration is seeking nominations for awards honoring the critical economic role small businesses play in federally funded research and development through SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

Nominations for these awards opened December 17, 2012 and will close 5 PM EST on January 31, 2013.  Awards will be presented in Washington, DC, in May 2013. To submit a nomination, please visit (Tibbetts Awards – companies and individuals) and (Hall of Fame Awards).


Veterans Business Development Seminar

Thurs., Feb. 28, 2013
9:30 AM - 1:00 PM
SBA District Office
273 Ponce de León
Plaza Scotiabank Suite 510
Hato Rey, PR
Call: 787-766-5572


Government Contracting 101

Tues., Jan. 29, 2013
9:00 AM - 12:30 PM
SBA District Office
273 Ponce de León
Suite 510 Plaza Scotiabank
Hato Rey, PR

Click to Register!

or call: 787-766-5572

SBA PR&USVI Lending Activity as of Nov. 30, 2012