Disaster Recovery Training Impact in Puerto Rico's Local Businesses
GrantID: 3273
Grant Funding Amount Low: Open
Deadline: Ongoing
Grant Amount High: Open
Summary
Grant Overview
Providing Disaster Recovery Training for Local Businesses in Puerto Rico
Puerto Rico's economy continues to be vulnerable to the impact of natural disasters, which has been underscored in recent years with the devastation caused by hurricanes and earthquakes. The island's infrastructure has suffered significant damage, and small businesses, which represent over 90% of the local economy, are often left without the resources necessary for recovery. A staggering 60% of businesses do not reopen after a disaster, highlighting the necessity for targeted support in disaster recovery planning.
Small business owners, particularly in the tourism and agriculture sectors, face critical barriers in recovering from disasters. Many lack the knowledge and tools necessary to develop effective disaster recovery plans, resulting in prolonged closures and loss of income. The geographic isolation of Puerto Rico further complicates recovery efforts, as businesses struggle to find affordable resources and assistance.
The funding program aimed at providing disaster recovery training for local businesses in Puerto Rico seeks to address these critical gaps by offering workshops and resources that focus on resilience planning and resource management. This initiative will help small businesses develop comprehensive disaster plans that include provisions for emergency funding sources, supply chain continuity, and employee safety protocols. By partnering with local chambers of commerce and economic development organizations, the program aims to foster a culture of preparedness within the local business community.
Evaluation of the program will focus on recovery timelines, business sustainability rates, and overall economic impact in the aftermath of disasters. By tracking these metrics, the initiative seeks to provide insights into the effectiveness of training programs and the degree to which they enhance the resilience of Puerto Rico's economy.
In summary, Puerto Rico's unique vulnerabilities to natural disasters necessitate a proactive approach to business recovery support. By funding disaster recovery training initiatives, the program aims to strengthen local businesses, enhance community resilience, and secure the economic future of the island.
Eligible Regions
Interests
Eligible Requirements
