Monday, July 26, 2021

Program Offers $50,000 to Businesses Struck by 2017 Hurricanes

By on June 17, 2021

Workshops to be held on Friday

SAN JUAN – The Puerto Rico Manufacturers Association (PRMA) will offer on Friday a workshop on a Puerto Rico Economic Development Bank (EDB) program that provides grants of up to $50,000 to small businesses with fewer than 75 employees that suffered losses due to hurricanes Irma and María. 

According to a press release, the workshop will be offered by EDB President Luis Alemañy; Nelly Colón Ortiz, vice president of the EDB department of new businesses; and attorney Stella Molina, director of services to PRMA members. 

Yandia Pérez, PRMA executive vice president, said the virtual free orientation is scheduled for Friday, June 18, at 10 a.m. Registration for the orientation may be done by either logging onto the PRMA website, www.industrialespr.org/events, or by calling (787) 641-4455. 

The grants, managed by the EDB through the Small Business Financing program, cover operating capital and equipment of companies located and registered to work on the island that suffered physical and economic losses due to September 2017 hurricanes. 

“This aid is extremely important so that small businesses that are in difficult situations can continue to operate, despite the damage they received from the hurricanes, and it is available in these critical moments where many companies have seen their income reduced due to the pandemic,” Molina said in the release. 

During the workshop, participants will receive information on benefits, eligibility requirements, documents that need to be presented, among other guides, to ensure business owners apply correctly for the grants and avoid being disqualified, the release states. 

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