Ponce Merceditas Airport: New Air Cargo and Corporate Jet Apron as Part of Air Transfer Rights Initiative
Phase: Mission Assignment
Strategic Initiative(s) Alignment: Data Analytics and Research
Year(s): 2020
This EDA investment funds the establishment of the Business Disaster Response Center to be in Caguas, Puerto Rico to support businesses impacted by Hurricanes Maria and Irma. The center will support businesses located in 12 municipalities with disaster recovery, needed incubation space, supportive business education, and access to capital through the regional Community Development Financial Institution. The investment will support economic diversification, help to strengthen the region’s resiliency and ultimately create jobs as well as sustain the local economy.