The Trust for the Americas and AES Puerto Rico Recognize Innovative and Resilient Startups
July 28, 2021 – San Juan, Puerto Rico – AES Puerto Rico, in partnership with The Trust for the Americas, implemented the “Empowering Innovative Entrepreneurship” Project. Through this initiative and a series of training sessions, 96 people strengthened their businesses and microenterprises. Over the course of four months, the participants received training in digital and business tools, managerial and administrative skills, as well as personalized mentoring for new entrepreneurs. The sessions were conducted virtually. Regarding the initiative, Jesús Bolinaga, Market Business Leader in Puerto Rico, commented, “AES’s commitment to the island’s communities has always been strong, and this year we reaffirmed it. Entrepreneurs deserve our support to continue their growth and business development. This round of workshops highlights developments and innovations that, despite being in the early stages of implementation, demonstrate great potential to impact the region with their business models.” In addition to the training sessions, 10 participants will receive a financial incentive, and 10 more will receive specialized mentoring focused on business acceleration. This support will help entrepreneurs accelerate their ventures based on an analysis of their businesses“ strengths and weaknesses. This will enable them to align their businesses with current market opportunities. With this support, the ”Empowering Innovative Entrepreneurship“ Program will support new business ideas and existing microenterprises through a comprehensive training process using innovation methodologies. Linda Eddleman, Executive Director at The Trust for the Americas, noted that ”since 2018, we have been working with the AES Puerto Rico Corporation to support entrepreneurs. Together, we have offered training in technological tools so that more people can start their own businesses and achieve financial independence. Entrepreneurship isn’t easy. It means taking a leap of faith in oneself. That’s why I want to congratulate the 96 entrepreneurs who have been part of this project.” Over the years, the partnership between AES Puerto Rico and The Trust for the Americas has benefited more than 200 people, who have strengthened their businesses through training and financial incentives, while others have received support through specialized mentoring. The winners will be selected from a group of 28 finalists. The jury will consist of Madelka McCalla, VP, Global Stakeholder Relations and Social Impact, The AES Corporation; Jesús Bolinaga, Market Business Leader, The AES Corporation; Carmen Ely Otero, Deputy Director of Social Action in Puerto Rico; Felix Cotto Febo, Cooperative Development Commission, Government of Puerto Rico; Cameron McKenzie, President of the Young Entrepreneurs Committee of the Puerto Rico Chamber of Commerce; and Luz Marina Correa, Project Manager for The Trust for the Americas at the Organization of American States. The winners will be announced on July 29, 2021, via Facebook: The Trust for the Americas and Twitter: @Trust4Americas. About The Trust for the Americas: The Trust for the Americas is a nonprofit organization affiliated with the Organization of American States (OAS). Established in 1997 to promote public-private partnerships, The Trust has implemented projects in 24 countries and has worked with more than 1,000 organizations in the region. Our initiatives seek to promote educational and economic opportunities, as well as government accountability and transparency. Our unique partnership with the OAS gives us access to decision-makers throughout the region. This vital partnership is the foundation through which we build strong networks across all member states and the private sector. As our region develops, The Trust continues to help overcome challenges through strategic partnerships that foster cooperation for sustainable results. www.trustfortheamericas.org About AES Puerto Rico AES-PR is a subsidiary of AES Corporation (NYSE:AES), a global energy company. AES Corporation operates a portfolio of 34,000 MW, diversified by fuel type, including more than 3,000 MW in solar and wind projects that are either operational or under construction. AES-PR provides safe, reliable energy at the lowest cost. Currently, AES-PR produces approximately 25% of Puerto Rico’s electricity. AES-PR’s operations contribute to the island’s economy by generating 110 direct jobs and 600 indirect jobs, providing significant employment opportunities. AES-PR has diversified the island’s energy production through AES Ilumina, a 20-MW solar facility. AES Corp. has set an ambitious goal: to reduce coal-fired generation in its portfolio to less than 10% by the year 2030. Puerto Rico









