US announces measures to give Cuban small business a boost By Matt Spetalnick , Daphne Psaledakis and Dave Sherwood May 28, 2024 10:06 PM UTC Updated May 28, 2024 ...

As of 2021, Cuban entrepreneurs can establish small and medium private enterprises under Cuban law. By the latest count, there are over 11,000 registered private businesses in Cuba.

The Biden administration is preparing to unveil new regulatory measures to allow more U.S. financial support for small private businesses in Cuba, a person familiar with the matter said on Monday.

President Joe Biden’s administration is set to ease restrictions on Cuba to allow more US financial support of small businesses, a limited step to try to help private firms struggling to survive ...

US Announces Measures to Give Cuban Small Business a Boost By Matt Spetalnick, Daphne Psaledakis and Dave Sherwood WASHINGTON/HAVANA (Reuters) -The U.S. Treasury Department on Tuesday announced ...

WASHINGTON/HAVANA – The US Treasury Department on Tuesday announced regulatory changes to allow more American financial support for Cuba’s nascent private sector and bolster access to US ...

Such measures are a step in the right direction, said John Kavulich, president of the U.S.-Cuba Trade and Economic Council, but he noted a "glaring omission" in the policy: Cuban businesses are ...

The moves aim to fulfill a long-delayed pledge by President Joe Biden’s administration to help Cuba’s budding entrepreneurs, giving its small but fast-growing private sector deference despite ...

The measures would also allow Cuban entrepreneurs to use US-based online payment platforms, a major hurdle currently facing small businesses on the island. “Today we’re taking an important step to ...

New Cuban laws put in place in 2021 have seen the establishment of upwards of 11,000 small businesses as of May, the government has said, ranging from corner grocers to plumbing, transportation ...