Rural business development grants - disaster (rbdg e disaster) grants

The Department of Agriculture Rural Housing Service Washington Office Rural Business Cooperative Services awarded $500,000 to Corporacion Para El Financiamiento Empresarial Del Comercio Y Las Comunidades (doing business as Cofecc) on May 7, 2026, under the Rural Business Development Grant program (CFDA 10.351). Cofecc will deliver business development services and technical assistance to rural small businesses in Puerto Rico through May 7, 2028. The Rural Business Development Grant program supports sustainable economic development and job creation for small and emerging private businesses employing 50 or fewer new employees with projected gross revenues below $1 million in rural communities. Cofecc, a tax-exempt nonprofit community development corporation based in San Juan, Puerto Rico, specializes in microfinance intermediation, business counseling, entrepreneurship training, and technical assistance for underserved and low-income entrepreneurs. The organization operates exclusively as a federal grant recipient with no federal contracts in its award footprint, and holds concurrent funding from the SBA and U.S. Department of Treasury for related business development and microfinance activities.