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Economic Revitalization

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Overview

The CDBG-DR Economic Revitalization recovery programs are designed to address unmet needs in the local workforce, showcase the territory to the world that “we’re open” for business and stabilize and support our infrastructure with improvements to our ports that will generate long standing economic growth for the Territory.

Objectives

Workforce Development

$14,057,473

Workforce development will focus on two areas in this program. The first program will focus on training low to moderate income residents in various areas of construction industry. In the second half of the program individuals will undergo “on the job training” with local contractors that are engaged with the rebuilding of damaged homes and property in the territory.

Neighborhood Revitalization:
Building Façade and Streetscape Enhancement; Small Business and Entrepreneurship Grant and Technical Assistance Grant Program

$13,050,611

The Building Façade and Streetscape Enhancement Program will provide funding to eligible businesses buildings, commercial or residential, to repair visible exterior damage and enhance downtown areas, high traffic areas, historic districts, etc. The goal is to increase investment and improve the aesthetic of local communities. Projects located within historic districts must follow guidelines prescribed by the State Historic Preservation Office (SHPO).

The Small Business Entrepreneurship Grant and Technical Assistance Program (SBETA) is comprised of two components: Small Business Grants and Technical Assistance. This program will fund recovery grants and technical assistance to aid small businesses and entrepreneurs to identify ways to rebound from the change in economic circumstances from the 2017 storms.

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