Strategic Initiative(s) Alignment: Access to Capital, Capacity Building
Program: EDA Awarded Grants
Type: Support/Coordination
Year(s): 2022
This EDA investment supports the municipality of Jayuya with constructing a municipal asphalt plant, to be the first municipal plant of its class in Puerto Rico. The new plant will serve the center mountainous region of Puerto Rico by helping to keep the roads in optimal conditions, which is a critical factor for the continuity of business in the region. The covid-19 pandemic has forced the local pharmaceutical industry to increase its normal production and due to its topography and deteriorated roads, the region has struggled to satisfy the demand to continue operations. Once completed, the project will have a long-term economic impact and benefit two companies, which will bolster job creation, spur private investment, and advance economic resiliency throughout the region.