017915173
Project Grant
Overview
Grant Description
This EDA investment supports the Municipality of Jayuya with constructing a municipal asphalt plant, to be the first municipal plant of its class in Puerto Rico. The new plant will serve the center mountainous region of Puerto Rico by helping to keep the roads in optimal conditions, which is a critical factor for the continuity of business in the region.
The COVID-19 pandemic has forced the local pharmaceutical industry to increase its normal production. However, due to the region's topography and deteriorated roads, it has struggled to satisfy the demand to continue operations.
Once completed, the project will have a long-term economic impact and benefit two companies. This will bolster job creation, spur private investment, and advance economic resiliency throughout the region.
The COVID-19 pandemic has forced the local pharmaceutical industry to increase its normal production. However, due to the region's topography and deteriorated roads, it has struggled to satisfy the demand to continue operations.
Once completed, the project will have a long-term economic impact and benefit two companies. This will bolster job creation, spur private investment, and advance economic resiliency throughout the region.
Awardee
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Jayuya,
Puerto Rico
00664-0481
United States
Geographic Scope
Single Zip Code
Related Opportunity
None
Jayuya Municipio De was awarded
Jayuya Municipal Asphalt Plant: Boosting Regional Economic Resilience
Project Grant 017915173
worth $5,000,000
from Economic Development Administration in May 2022 with work to be completed primarily in Jayuya Puerto Rico United States.
The grant
has a duration of 2 years 6 months and
was awarded through assistance program 11.307 Economic Adjustment Assistance.
$1,250,000 (20.0%) of this Project Grant was funded by non-federal sources.
Status
(Complete)
Last Modified 6/28/22
Period of Performance
5/17/22
Start Date
11/5/24
End Date
Funding Split
$5.0M
Federal Obligation
$1.2M
Non-Federal Obligation
$6.2M
Total Obligated
Activity Timeline
Additional Detail
Award ID FAIN
017915173
SAI Number
None
Award ID URI
SAI NOT AVAILABLE
Awardee Classifications
County Government
Awarding Office
1331K5 DEPT OF COMMERCE EDA
Funding Office
1331K5 DEPT OF COMMERCE EDA
Awardee UEI
X5PFF7MLFLE4
Awardee CAGE
4U0L0
Performance District
98
Modified: 6/28/22