Economic Recovery

Essay: Federal Paycheck Protection Program

Economic Recovery, Public Policy / By

In Puerto Rico, more than 39,000 eligible entities have received financial relief through the Federal Paycheck Protection Program (PPP). Back in June of 2020, the FOMB’s Research and Policy Department published an essay on the importance of small businesses to Puerto Rico’s economy and provided recommendations to the government on how to design a locally …

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Essay: Small Businesses and COVID-19 – How to target CARES funds to meet the needs of SMEs during this time

Economic Recovery, Public Policy / By

While being major players of the economy, many small businesses are unable to weather a crisis like the one caused by COVID-19. Very small businesses, particularly those operating on small profit margins, are especially vulnerable, since they may not have the cash reserves and typically have fewer ways to access financing. Authors: Olivier Perrinjaquet & …

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