INTECO (Business Recovery/Growth) Grant

Strategic Initiative(s) Alignment: Access to Capital, Capacity Building
Program: EDA Awarded Grants
Type: Support/Coordination
Year(s): 2018
COA Impact(s): ECN 32

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.

 

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