Business

Banesco USA Awards Grants to Nonprofit Organizations in Puerto Rico

Published Oct 14, 2026, 6:00 AM ASTvia The Weekly Journal

At a glance

  • Banesco USA has awarded grants to nonprofit organizations in Puerto Rico to support economic development and community strengthening initiatives
  • The grants will fund programs serving small businesses, aspiring entrepreneurs, and vulnerable populations
  • The funding reflects Banesco USA’s commitment to supporting inclusive economic development and strengthening communities throughout Puerto Rico

Why this matters: The grants will help fund programs serving vulnerable populations in Puerto Rico, including low- and moderate-income families, and contribute to the long-term well-being and economic resilience of the island’s communities.

In Puerto Rico, Banesco USA has awarded grants to various nonprofit organizations to support initiatives focused on economic development, entrepreneurship, education, healthcare, affordable housing, and assistance for vulnerable populations. The grants will fund programs serving small businesses, aspiring entrepreneurs, young people, women, low- and moderate-income families, and individuals facing social and economic challenges. Maritza Abadía, president of Banesco USA in Puerto Rico, stated that the bank’s commitment to Puerto Rico includes helping strengthen communities and supporting organizations that create opportunities and improve the quality of life for its people.

Among the organizations receiving support are Centro CRECE, Casa Sin Fronteras, Eco Recursos Comunitarios, PRODUCIR, and Iniciativa Comunitaria, which provide services such as entrepreneurship training, business support, and health services. Other beneficiaries include Lendreams, Vitrina Solidaria, and Friends of Puerto Rico, which promote entrepreneurship, financial education, and access to capital for women, young people, and low- to moderate-income communities.

The funding reflects Banesco USA’s commitment to supporting inclusive economic development and strengthening communities throughout Puerto Rico.

In context

SourceThe Weekly Journal

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