Accessing Cooperative Business Development in Puerto Rico
GrantID: 17762
Grant Funding Amount Low: $1,300
Deadline: Ongoing
Grant Amount High: $300,000
Summary
Grant Overview
Cooperative Business Development Workshops in Puerto Rico
The economic context in Puerto Rico has been marked by significant challenges, including high unemployment rates and a struggling economy. Recent reports indicate that more than 40% of small businesses in Puerto Rico encounter difficulties in accessing capital and resources necessary for sustainable growth. These challenges are compounded by a lack of understanding of collaborative business models, which can provide a pathway to improved economic resilience and entrepreneurial success.
This funding initiative specifically targets local entrepreneurs who are interested in cooperative business models as a potential solution to these economic barriers. By focusing on community collaboration and shared ownership, this program aims to provide tools that help small business owners not only to sustain their enterprises but also to create jobs and bolster the local economy. Workshops will be designed to foster understanding of cooperative principles and provide practical training in business development.
Outcomes of this initiative are critical for Puerto Rico, as they align with the broader economic recovery efforts facing the island. By empowering entrepreneurs to adopt cooperative structures, this funding will promote more equitable wealth distribution among community members and decrease dependency on external economic forces. As local businesses grow stronger collectively, they will become better positioned to withstand market fluctuations and external economic shocks.
Implementation will focus on collaboration with local organizations and business leaders to ensure that the workshops address the specific needs of Puerto Rican entrepreneurs. By building capacity in cooperative business models, this initiative not only aims to enhance economic resilience in Puerto Rico but also ignites a sense of community ownership and collaboration necessary for sustainable development in the territory.
Eligible Regions
Interests
Eligible Requirements
