Instituto de Formación Democrática (IFD) Grant
Phase: IRWA 2
Strategic Initiative(s) Alignment: Access to Capital, Capacity Building
Program: EDA Awarded Grants
Type: Support/Coordination
Year(s): 2022
This EDA investment funds the renovation of two vacant warehouse buildings to provide space for entrepreneurs in the creative industry in San Juan, Puerto Rico. The project includes cleaning, removal of materials, partial demolition, improvements to electrical infrastructure, mechanics, improvements to facade, interiors, signage, landscape, and public space. The renovation will create multi-use office spaces, manufacturing, and commercial space for several companies in the area. Completion of the project will attract private investments, create jobs, and diversify the local economy.