Building Small Business Capacity in Puerto Rico
GrantID: 78978
Grant Funding Amount Low: $500,000
Deadline: Ongoing
Grant Amount High: $500,000
Summary
Explore related grant categories to find additional funding opportunities aligned with this program:
Employment, Labor & Training Workforce grants, Income Security & Social Services grants, International grants, Technology grants, Youth/Out-of-School Youth grants.
Grant Overview
Puerto Rico's small business ecosystem faces significant capacity gaps, including limited access to financing, technical assistance, and digital tools. The territory's economic challenges, exacerbated by natural disasters, have resulted in a decline in the number of small businesses and micro-entrepreneurs. Currently, only 10% of Puerto Rico's small businesses have access to formal financing channels. Building Capacity in Puerto Rico's Small Business Ecosystem is critical to driving economic growth and development. Who Should Apply in Puerto Rico? Organizations with experience in supporting small businesses and micro-entrepreneurs, including non-profit groups, business associations, and government agencies, are eligible to apply. Applicants must demonstrate a clear understanding of Puerto Rico's small business ecosystem and propose projects that address the territory's specific needs. Puerto Rico's Small Business Landscape highlights the need for comprehensive support systems. Funding will support initiatives that provide access to financing, technical assistance, and digital tools, enabling small businesses and micro-entrepreneurs to drive growth and create jobs. Unlike other US territories, Puerto Rico's funding application requires a specific focus on addressing the unique challenges facing its small business ecosystem, including the aftermath of natural disasters.
Eligible Regions
Interests
Eligible Requirements
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