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Héctor Ferrer Proposes HUBZone Expansion Program for Municipalities

By on October 2, 2016

SAN JUAN – Popular Democratic Party (PDP) Resident Commissioner candidate Héctor Ferrer stated Sunday that, if elected, he would expand municipality access to the HUBZone program to create jobs through municipal companies.

Ferrer advanced he proposes to expand Puerto Rico’s access to the Historically Underutilized Business Zone (HUBZone) program, which helps small companies in urban and rural communities to obtain preferential access to federal hiring. The proposal would have to be accompanied by local legislation so jobs created can be excluded from contribution payments for a year, thus strengthening municipalities’ economy.

Popular Democratic Party (PDP) Resident Commissioner candidate Héctor Ferrer. (CB/ Agustín Criollo)

Popular Democratic Party (PDP) Resident Commissioner candidate Héctor Ferrer. (CB/ Agustín Criollo)

“We must use every existing opportunity so businessmen have the ability to sell to the U.S. government, develop their businesses through a stronger relation promoted by that program. We will also help those companies certify themselves to create jobs and income for municipalities. Currently, municipalities, universities, non-profit organizations, small and medium-business men and others are limited when participating in the competitive process of federal funds for several reasons,” expressed Ferrer.

The PDP politician emphasized the importance for the new Resident Commissioner office to assume the functions of the Puerto Rico Federal Affairs Administration (PRFAA) in order to have specialized personnel available to businessmen who need the technical backup and support.

“We will be proactive so that, in the process of promoting Puerto Rico’s economic development, efforts are redirected so municipalities can benefit from this initiative and develop municipal corporations that can be certified in the program,” affirmed Ferrer, adding that by the end of this month the Small-Business Administration (SBA) has to prepare the rulings so companies that want to participate are able to do so.

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