In September 2017, Hurricane Maria became the worst storm to hit Puerto Rico in over 80 years, destroying a third of the homes on the island1, causing the largest blackout in U.S. history2, and creating over $90 billion3 in damages. Small businesses were severely impacted, with an estimated 10,000 still closed today. Because Puerto Rico’s local communities are powered by small businesses, helping them recover is critical to the island’s economic and social recovery.
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1 Brown, Nick. “Special Report: In Puerto Rico, a housing crisis U.S. storm aid won’t solve.” Reuters, February 6, 2018.
2 Irfan, Umair. “It’s been more than 100 days and Puerto Rico is still in the longest blackout in US history.” Vox, January 4, 2018.
3 Staletovich, Jenny. “Final numbers on Maria in Puerto Rico: $90 billion in damage, some Cat 5 winds.” Miami Herald, April 9, 2018