The ecoex resilience institute will serve as the hub for disaster preparedness, recovery education and training in the caribbean

Project Grant Awarded

Award ID
017914962
Recipient
Awarding agency
Obligated
$20,000,000

Award facts

Assistance listing
11.307 Economic Adjustment Assistance
Completion date
Not on record
Funding
  • $16,000,000.00 Federal
  • $4,000,000.00 Non-federal
Place of performance
140 Av. Carlos E. Chardón, San Juan, 00918, Puerto Rico

Award details come from USAspending.gov.

About this award

The Economic Development Administration of the Department of Commerce awarded a $20 million Project Grant to Ecoexploratorio, Inc. to establish the Ecoex Resilience Institute in San Juan, Puerto Rico. Under the Economic Adjustment Assistance program, this funding will support the development of the multi-use Institute as a hub for disaster preparedness, recovery education and training in the Caribbean region. The Institute aims to build resilience capacity and develop more effective emergency response mechanisms to allow business continuity and overall community recovery following disasters. As the epicenter of resiliency and recovery education, the Institute will help position the US Caribbean region in the growing $93.4 billion global resiliency industry through training and knowledge-sharing activities. The award was issued on September 16, 2021 to deliver these critical services supporting regional economic adjustment and recovery.

Description

The multi-use site will build recovery, resilience capacity and develop more effective emergency response mechanism. This will allow continuity of operations of businesses and overall community recovery after disasters. This institute will be the epicenter of resiliency and recovery education. IT will help position the US caribbean at the nexus of the global $93.4 billion per year worldwide resiliency industry.

Quick answers

Who received award 017914962?

017914962 was awarded to Ecoexploratorio, Inc. by Economic Development Administration (Department of Commerce) on September 16, 2021.

How much is award 017914962 worth?

$20,000,000 has been obligated on 017914962: $16,000,000 in federal funding and $4,000,000 in non-federal funding.

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