Project Grant 017914835
Award Date 9/27/18
Completion Date Not listed
Dollars Obligated $3.9M
Federal Agency
Federal Grant Program
Assistance Type
Project Grant
Place of Performance
Caguas, Puerto Rico
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THIS INVESTMENT SUPPORTS THE ESTABLISHMENT OF THE BUSINESS DISASTER RESPONSE CENTER TO BE LOCATED IN CAGUAS, PUERTO RICO TO SUPPORT BUSINESS IMPACTED BY HURRICANE MARIA (DR 4339) AND HURRICANE IRMA (4336). THIS CENTER WILL SUPPORT BUSINESSES LOCATED IN 12 MUNICIPALITIES WITH DISASTER RECOVERY, NEEDED INCUBATION SPACE, SUPPORTIVE BUSINESS EDUCATION, AND ACCESS TO CAPITAL THROUGH THE REGIONAL CDFI. IT IS EXPECTED TO CREATE 324 JOBS, RETAIN 360 JOBS, WITH A PRIVATE INVESTMENT OF $660,000 IN THE FIRST THREE YEARS. IN ADDITION, IT PROJECTS $2 MILLION IN EXPORTS IN THE FIRST THREE YEARS.
Posted 9/27/18
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $3.5m | 9/27/18 |