FOR IMMEDIATE RELEASE 

February 6, 2025

AEO and NPRCC Announce Strategic Partnership to Advance Economic Opportunities for Puerto Rican Business Owners 

Washington, D.C. – The Association for Enterprise Opportunity (AEO) and the National Puerto Rican Chamber of Commerce (NPRCC) are proud to announce a groundbreaking Memorandum of Understanding (MOU) that solidifies a shared commitment to amplifying economic opportunities and advancing the entrepreneurial ecosystem for Puerto Rican business owners across the Country. 

This partnership aims to enhance research efforts, provide targeted support to small business owners, and promote inclusive economic growth in Puerto Rican communities, which play a vital role in bolstering the nation’s economy. 

“AEO is thrilled to partner with the National Puerto Rican Chamber of Commerce to strengthen the pathways of opportunity for Puerto Rican entrepreneurs,” said Natalie Madeira Cofield, President and CEO of AEO. “Together, we will harness research, advocacy, and strategic initiatives to empower small business owners, drive innovation, and expand economic opportunities. The Puerto Rican small business community is a cornerstone of our nation’s entrepreneurial fabric, and we are dedicated to ensuring their contributions are recognized and supported.” 

Under the agreement, AEO and NPRCC will collaborate on critical areas including: 

  • Conducting impactful research that highlights the challenges and opportunities facing Puerto Rican small businesses both on the island and the mainland. 
  • Advocating for inclusive policies that foster economic growth and sustainability. 
  • Supporting small businesses in key sectors such as agriculture, manufacturing, technology, and professional services to expand their reach and enhance their contributions to the broader economy. 

“This partnership represents an extraordinary opportunity to uplift Puerto Rican entrepreneurs and amplify their economic impact,” said Joel Berrocal, Executive Director of NPRCC. “By joining forces with AEO, we are laying the foundation for a more inclusive and robust small business ecosystem. Puerto Rican business owners possess unparalleled resilience and ingenuity, and with the right resources and support, they will continue to thrive and make remarkable contributions to our economy.” 

The partnership will also feature collaborative events, webinars, and educational resources aimed at equipping Puerto Rican entrepreneurs with the tools, networks, and insights needed to succeed in today’s competitive market. By uniting their expertise and networks, AEO and NPRCC are poised to create transformative change for the small business ecosystem. 

Puerto Rican business owners are a critical engine of economic growth, contributing to innovation, job creation, and cultural enrichment. With this partnership, AEO and NPRCC are reaffirming their commitment to fostering economic empowerment, equity, and sustainable development across all communities. 

About AEO 

 The Association for Enterprise Opportunity (AEO) is a leading voice in advocating for underserved entrepreneurs across the nation. Through innovative programs, research, and partnerships, AEO works to create economic opportunities and foster financial inclusion, ensuring that small businesses have the resources they need to thrive. 

About NPR 

The National Puerto Rican Chamber of Commerce (NPRCC) is dedicated to promoting and advancing the interests of Puerto Rican businesses and entrepreneurs. With a focus on economic development, advocacy, and community empowerment, NPRCC works to enhance the business environment for Puerto Rican enterprises on the island and across the U.S.