The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $12.8 million grant to the Roosevelt Roads Local Redevelopment Authority to build and establish the Marine Business, Research & Innovation Center (MBRIC). The EDA grant, to be matched with $3.2 million in local investment, is expected to create nearly 29,500 jobs and spur […]
The former Roosevelt Roads Naval Base, which has been in the hands of the Puerto Rico government for about eight years, will undergo a $50 million infrastructure upgrade in preparation for the selection of a master developer for the property, News is my Business confirmed. Nilda Marchán, executive director of the Local Redevelopment Authority for […]
Looking to accelerate economic development on the grounds of the former Roosevelt Roads Naval Base in Ceiba, and launch new projects and strengthen the electrical infrastructure, the Department of Economic Development and Commerce (DDEC, in Spanish) announced it has chosen IBD Energy to develop and run a multi-user renewable energy microgrid for the area. Economic […]
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