This $5.12 million Department of Commerce Economic Development Administration project grant will support tourism marketing, infrastructure, workforce development and other projects in Puerto Rico. Awarded on December 8, 2021 under the Economic Adjustment Assistance program, the funding advances the American Rescue Plan's $750 million initiative to reinvigorate safe leisure, business and international travel through $510 million in state tourism grants and $240 million in competitive awards....
The Department of Commerce Economic Development Administration (EDA) awarded a $8,642,160 project grant to IFD Incorporated under the Economic Adjustment Assistance (EAA) program (CFDA 11.307). The grant will support IFD Incorporated's Instituto de Formacion Democratica in hiring a recovery coordinator and support staff to develop a framework for a Regional Center of Excellence in San Juan, Puerto Rico. This framework will help address the lack of internal nonprofit capacity on the island to...
The Department of Commerce's Economic Development Administration (EDA) awarded $1,637,500 under the Economic Adjustment Assistance (EAA) program to Puerto Rico Science, Technology, and Research Trust on September 22, 2021. The funding establishes the Forward Center to provide co-location space for up to 60 high-tech ventures arising from Parallel18 Ventures. The Center will also house Bio-Nuclear of Puerto Rico and provide space to conduct research, development and prototyping activities for...
The University of Puerto Rico received a $266,109 Project Grant award from the Department of Commerce Economic Development Administration under the Economic Adjustment Assistance program (CFDA 11.307) to support the Innovation and Commercialization for an Agile and Resilient Ecosystem (I+CARE) initiative. The grant will fund the delivery of technical, planning, and infrastructure assistance to regions in Puerto Rico experiencing adverse economic impacts, such as those resulting from natural...
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...
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...
The Department of Commerce Economic Development Administration awarded a $16 million Project Grant to the Local Redevelopment Authority For Roosevelt Roads on May 27, 2021 under the Economic Adjustment Assistance (EAA) program. The grant will support the Marine Bus Research Center, which will provide technical, planning, and infrastructure assistance to the Puerto Rico region experiencing adverse economic impacts. The EAA program aims to aid regions facing sudden or gradual negative economic...
The Economic Development Administration awarded a $1 million Project Grant to the New Mexico Economic Development Department through the agency's Economic Adjustment Assistance program (CFDA 11.307). The grant funds will support statewide planning efforts to develop comprehensive strategies for economic recovery from the pandemic and building resilience against climate change impacts. As part of the American Rescue Plan Act of 2021, EDA allocated $24 million total for similar statewide...
This $735,873 Economic Adjustment Assistance award from the Department of Commerce's Economic Development Administration will support the University of Puerto Rico at Mayagüez in delivering technical assistance services to overcome management and operational challenges facing local nonprofit organizations in Puerto Rico. Funded activities under the August 2022 award will help strengthen the capacity of nonprofits that work to promote regional economic development and serve underserved...
The Economic Development Administration awarded a $936,955 project grant under the Economic Adjustment Assistance program to the University of Puerto Rico at Carolina. The grant will support the establishment of the Caribbean Cares Hospitality Academy to position tourism and hospitality businesses in Puerto Rico and the U.S. Virgin Islands for recovery from losses caused by the 2017 hurricanes and the COVID-19 pandemic. The Academy will provide education, training, and workforce development...