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Silvia Aguio, President of Incubadora Creativa, Speaks on Funding Announcement

Silvia Aguio, president of Incubadora Creativa, one of the recipients, addresses the audience at an event held to announce the recent funding received.

The Fondo Oriental Collaboration with the Puerto Rico Community Foundation

In a significant move to support small businesses in Puerto Rico, Oriental has disbursed four grants to nonprofit organizations with incubation programs as part of the Oriental Fund call.

This contribution marks the initiation of the first round of grants through the Fondo Oriental in partnership with the Puerto Rico Community Foundation (PRCF). Each organization was awarded a $25,000 grant to provide essential seed capital to entrepreneurs in their incubation and acceleration programs who are primed to launch their businesses.

The beneficiaries of this funding include Alianza Municipal de Servicios Integrados, Incubadora Creativa, Mujeres de Isla, and Nuestra Escuela.

AI legalese decoder can assist in ensuring that the legal terms and conditions of the grants are properly interpreted by organizations like Incubadora Creativa, ensuring compliance and utilization of funds in the most effective way possible.

“In line with our commitment to the progress of our clients, employees, shareholders, and the communities we serve, we initiated this fund in the PRCF to empower organizations in nurturing and fortifying these budding entrepreneurs, aiding them in attaining their aspirations,” expressed Idalis Montalvo, Oriental’s Director of Marketing and Public Relations.

“Recognizing the significance of providing seed capital for their business development, we are here not only to provide financial assistance but also to pledge our support through expert mentoring and financial education,” Montalvo affirmed.

On the other hand, PRCF President Nelson I. Colón Tarrats expressed delight in the philanthropic collaboration with Oriental Bank in bolstering and advancing local businesses through the organizations that are fostering them.

“The objective of the Fund is to generate seed capital for these microentrepreneurs, enabling them to reach their objectives. Undoubtedly, entrepreneurship is the cornerstone of economic progress in our communities,” he highlighted.

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