The Puerto Rico Economic Development Bank recently distributed $764,593 among four towns to retain a total of 800 direct and indirect jobs, the agency announced. EDB President Luis Alemañy confirmed that funding has been awarded to the municipalities of Lajas, Añasco, Moca and Yauco. This, as part of the Small Business Financing program managed by […]
The Municipality of San Juan will receive $20.8 million from the Community Development Block Grant (CDBG-DR) City Revitalization Program for the restoration of infrastructure in areas still affected by the 2017 hurricanes. The funding is part of a sub-recipient agreement signed between San Juan Mayor Miguel Romero-Lugo and Puerto Rico Housing Department Secretary William Rodríguez-Rodríguez, […]
By Vanessa Colón-AlmenasCenter for Investigative Journalism Of the $20.2 billion recovery funds allocation granted after Hurricane María through the Community Development Block Grant Disaster Recovery program (CDBG-DR), Puerto Rico has been approved to use only 16%, or, $3.2 billion. Of the money available, the government had used a mere 2%, as of June 30, the […]
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