Grant

May 31 - 3, 2016

  • $1 million in Economic Adjustment assistance to Southern Mississippi Planning and Development District, Gulfport, Mississippi, to support the recapitalization of an existing revolving loan fund (RLF). The RLF will be used to increase the lending capacity and provide low cost and flexible-term loans to small businesses. This investment is part of a $1.425 million project.
  • $200,000 in Economic Adjustment assistance to Inter-American University of Puerto Rico-Metro Campus, San Juan, Puerto Rico, to fund a series of technical assistance programs and business growth networks to accelerate small, established businesses in Puerto Rico. The Business Excellence Accelerator Program, working in collaboration with the Small Business Technology and Development Center, will facilitate the use of significant research and development resources to provide entrepreneurs with a more efficient and economical pathway to develop their businesses, and will serve as a catalyst for Puerto Rico’s “Open for Business” initiative to create jobs and economic growth in the Commonwealth. This investment is part of a $250,645 project.