This $3.8 million Project Grant from the Department of Commerce Economic Development Administration's Economic Adjustment Assistance program (CFDA 11.307) will support the establishment of the Business Disaster Response Center in Caguas, Puerto Rico. The Center will provide disaster recovery assistance, incubation space, business education, and access to capital for businesses in 12 municipalities impacted by Hurricanes Maria and Irma. It is expected to create 324 jobs and retain 360 jobs over three years, with $660,000 in private sector matching funds. The Center will also assist businesses in increasing exports by $2 million during the award period. The awardee, Iniciativa Tecnologica Centro Oriental Inc., will deliver these services to support economic recovery in the impacted region.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $3.5m | 9/22/21 |