Who Qualifies for Business Recovery Grants in Puerto Rico
GrantID: 13057
Grant Funding Amount Low: $8,500
Deadline: Ongoing
Grant Amount High: $15,000
Summary
Grant Overview
Disaster Recovery Workshops for Small Businesses in Puerto Rico
In Puerto Rico, the need for disaster resilience is particularly acute, given the island's susceptibility to hurricanes and tropical storms. The events of 2017, when Hurricane Maria devastated numerous communities, highlighted critical gaps in disaster preparedness among local small businesses. A recent survey indicates that more than 60% of small businesses in Puerto Rico lack adequate recovery plans, which puts them at risk during emergencies and negatively affects the local economy.
Small business owners, particularly those in the tourism, agriculture, and service industries, face unique challenges in establishing sustainable practices that can withstand potential disasters. Many entrepreneurs, especially those in rural areas, struggle to access resources and support systems that would enable them to prepare for and recover from crises. This lack of preparedness can result in significant financial instability, affecting not only the business owners but their employees and the broader community.
The funding opportunity of up to $15,000 aims to address these vulnerabilities by supporting initiatives that provide disaster recovery workshops for small businesses in Puerto Rico. These workshops will deliver practical resources, develop recovery strategies, and facilitate access to information relevant to disaster preparedness. Through collaborative approaches, local organizations can create comprehensive recovery plans tailored to the specific needs of different types of businesses across the island.
Target outcomes for these workshops include improved disaster resilience among participating businesses and enhanced stability in Puerto Rico's economy. By empowering local business owners with the tools they need to navigate challenges, the initiative aims to promote long-term sustainability and recovery. Success will be evaluated through participant feedback and business recovery metrics, providing insight into the effectiveness of the workshops and highlighting areas for future improvement.
In essence, these disaster recovery workshops represent a proactive approach to enhancing the resilience of Puerto Rico's small businesses. By equipping entrepreneurs with valuable knowledge and resources, the initiative can alleviate some of the pressures faced during disasters while ensuring that local economic activities remain robust in the face of adversity.
Eligible Regions
Interests
Eligible Requirements
