USDA assigns Añasco, Coamo $152K for biz projects
The towns of Añasco and Coamo will receive funding from the U.S. Department of Agriculture to develop small businesses that are expected to strengthen the economies of the rural towns.
Añasco was awarded $52,000 to complete the construction of a kiosk that will sell coffee and small, locally produced vegetables, while Coamo was awarded $100,000 to establish a revolving loan fund program, said José Otero-García, USDA Rural Development state director for Puerto Rico.
He said the funding was made available through the Rural Business Enterprise Grant program, which promotes development of small and emerging businesses in rural areas.
RBEGs may also be used to help fund distance learning networks and employment-related adult education programs. Eligible applicants for the program include public bodies and nonprofit corporations.
Projects in 30 states and Puerto Rico received funding from the stateside agency.