{"id":5084671,"date":"2017-10-31T00:00:00","date_gmt":"2017-10-31T04:00:00","guid":{"rendered":"https:\/\/ctlatinonews.com\/5000-puerto-rico-small-businesses-expected-to-close-after-hurricane-maria-35-could-not-reopen\/"},"modified":"2017-10-31T00:00:00","modified_gmt":"2017-10-31T04:00:00","slug":"5000-puerto-rico-small-businesses-expected-to-close-after-hurricane-maria-35-could-not-reopen","status":"publish","type":"post","link":"https:\/\/latinonewsnetwork.com\/ctln\/2017\/10\/31\/5000-puerto-rico-small-businesses-expected-to-close-after-hurricane-maria-35-could-not-reopen\/","title":{"rendered":"5,000 Puerto Rico Small Businesses Expected To Close After Hurricane Maria; 35% Could Not reopen"},"content":{"rendered":"


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\nTen percent, or about 5,000 of Puerto Rico’s 50,000 small and midsize businesses (pymes<\/i> in Spanish) will not operate again after the devastation left by Hurricane Maria Sept. 20, according to the United Retailers Association (CUD by its Spanish acronym) and its president, Nelson J. Rami\u00adrez.
\nHe told Caribbean Business<\/a> that a survey conducted by the organization revealed, more than a month after Hurricane Maria’s passage, that about 35% of small and midsize businesses have not resumed operations because they do not have electricity.
\n“Many of those that are operating are using generators but will have to shut down because their generators are failing and they cannot get parts to repair them. We already have several restaurants that have collapsed,”\u009d Rami\u00adrez said.\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\nCUD is providing assistance to businesses and has established, together with the U.S. Small Business Administration, a business restoration centers at the association’s headquarters in San Juan and Hato Rey district’s to be able to provide grants and loans to businesses. Next week, the Minority Business Administration will join their efforts.
\nRami\u00adrez said Thursday that about 400 retailers visited CUD’s offices to seek help for their businesses. “Of these, 80% were not operating.”\u009d
\nThe outlook for retailers is made worse by the fact that as of Friday, funds from the Nutritional Assistance Program (PAN by its Spanish acronym) were not available to beneficiaries, so they are not able to buy supplies from small and midsize merchants.
\n“Thousands of small businesses depend substantially on the customers who enjoy this benefit, who account for about 38% of the population, according to government figures,”\u009d he said.\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

To read full story, please visit:http:\/\/caribbeanbusiness.com\/some-5000-puerto-rico-small-businesses-expected-to-close-after-hurricane-maria-35-could-not-reopen\/<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ten percent, or about 5,000 of Puerto Rico’s 50,000 small and midsize businesses (pymes in Spanish) will not operate again 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