| The Conservatory of Music of Puerto Rico intends to fund its “Creative Economy: Santurce Economic Development Initiative.” This is a partnership between the Conservatory, public agencies, nonprofit community organizations, and another Hispanic-Serving Institution of Higher Education to expand the role of the Conservatory in addressing community needs in the San Juan barrio of Santurce, where it is located, emphasizing three target low-income communities: Barrio Obrero, Villa Palmeras, and Tras Talleres. It will focus in developing business opportunities related to the booming urban music phenomenon, very characteristic of the broader Santurce community. The HSIAC Creative Economy initiative will provide financial education training and literacy to the target communities, and encourage referrals to allied business development service centers so its residents are able to develop viable businesses and microenterprises. In the process, it will outreach and recruit music performers, producers and others interested in developing careers in music and develop, stabilize, and expand their music-related microenterprises. To facilitate this, they will be offered specialized financial education, technical assistance, business and music trade training, and mentoring/coaching, so they can successfully develop viable business plans and gain access to micro-loan opportunities.
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