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Can A Startup Accelerator Help Save Puerto Rico’s Economy?

Parallel18 wants to ensure a thriving tech economy for Puerto Rico, despite the ongoing financial crisis.

Last month, President Obama signed PROMESA, a law designed to help restructure Puerto Rico’s crippling debt. But long before that, an accelerator based in San Juan called Parallel18 was working to improve the island’s financial prospects, one tech job at a time. Now the group is midway through mentoring its first class of startups that could offer promising employment opportunities for Puerto Ricans.

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