Operation HOPE Awarded $1.2M Grant from U.S. Department of Commerce to Extend Financial Recovery Work in Puerto Rico

Operation HOPE announced that the U.S. Department of Commerce’s Economic Development Administration (EDA) has awarded the organization a $1.2 million grant to extend its financial recovery work in Puerto Rico through HOPE Coalition America (HCA), the central programming arm of its national disaster and preparedness division, HOPE Inside Disaster. The grant will fund up to 300 workshops to empower entrepreneurs and small businesses to grow and succeed following Hurricanes Irma and Maria in 2017. The initiative, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with nearly $1.8 million in local funds and will be undertaken in partnership with Banco Popular. The workshops will focus on continuity activities such as business expansion, new business opportunity building, preparedness, and resilience. A key component of Operation HOPE’s delivery of this support is its Digital Entrepreneur Training Program (ETP), designed to enable underserved and developing small businesses to access educational resources and connect with a network of subject matter experts.

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