The U.S. Small Business Administration (SBA) approved $95.5 million in loans to small businesses in Puerto Rico and the U.S. Virgin Islands during fiscal year 2016, a 19 percent increase over the previous fiscal year.
The Virgin Islands Department of Education (VIDOE) received a $200,000 donation from telecommunications giant Innovative to benefit vocational education and Science-Technology-Engineering-Mathematics (STEM) programs at schools across the territory.
Innovative Cable TV, the premier entertainment provider in the territory, recently received notice that PIVOT, which is a part of its expanded level of service, is being discontinued by the programmer, effective Oct. 31.
Innovative, the leading telecommunications provider and one of the largest donors to charitable organizations, schools and non-profit organizations in the territory, recently presented a $15,000 check to the United Way of the U.S. Virgin Islands.
Officials from Alpine Securities LLC donated $40,000 to the Junior Achievement Company Program. These funds will be dedicated to exposing high school students to the world of finance and entrepreneurship.