Borincana Foundation Inc

BORINCANA FOUNDATION WILL PROVIDE CERTAIN CONSULTING SERVICE TO OTHER NON-FOR-PROFIT OR FOR-PROFIT ORGANIZATION TO SUPPORT AND VENTURE WITH LOCAL SOLAR STORAGE COMPANIES, MICROGRID PROVIDERS, INVESTOR, LENDERS TECHNOLOGY PROVIDERS, AND OTHERS, TO IMPLEMENT ACCELERATED PROGRAMMATIC APPROACHES TO MARKETING, FINANCING, AND EXECUTION OF DISTRIBUTED GENERATION AND STORAGE FOR INDUSTRIAL AND COMMERCIAL CUSTOMERS. ALSO, THE FOUNDATION WILL ACT AS AN ADVISOR AND GRANT RECIPIENT/ ADMINISTRATOR TO SUPPORT FEDERAL AND LOCAL EFFORT FOR REVITALIZATION AND TRANSFORMATION OF PUERTO RICO.

* PUERTO RICO ENERGY CAPITAL ACCESS PROGRAM (PRECAP) TO ASSIST BUSINESSES, NONPROFITS, AND MUNICIPALITIES IN PREPARING FOR AND GAINING ACCESS TO CAPITAL REQUIRED TO REALIZE THEIR ENERGY INFRASTRUCTURE INVESTMENT PLANS. PRECAP IS AIMED AT SERVING THE SPECTRUM OF VULNERABLE COMMUNITIES WHO LACK ECONOMIC MOBILITY DUE TO LACK OF CRITICAL INFRASTRUCTURE. BY ENABLING LOCAL BUSINESSES, NON-PROFITS, AND MUNICIPALITIES WITH THE RESOURCES NEEDED TO BECOME ELECTRIC POWER STARTUPS, WE CATALYZE RESILIENT ECONOMIC DEVELOPMENT AT THE FUNDAMENTAL LEVEL. OUR UNIQUE POSITIONING WITHIN THE ENERGY PROJECT ECOSYSTEM ALLOWS US TO LEVERAGE THE BEST OF PRIVATE INDUSTRY TO PROVIDE AN INTERDISCIPLINARY AND APPLIED EDUCATION IN ENERGY ENTREPRENEURSHIP. PRECAP COMMENCED IN 2019 AND SUCCESSFULLY PIVOTED TO RUN THROUGH THE COVID PANDEMIC. IN 2021 WE GRADUATED OUR 3RD COHORT OF COMMUNITY AND SMALL BUSINESS PROJECTS AND AFTER A BRIEF GAP IN SWITCHING FUNDING COMMENCED OUR 4TH COHORT. BASED ON A PERFORMANCE STUDY PREPARED FOR USDA ON THE FIRST 3 COHORTS AND INFORMATION PROVIDED BY OUR PROGRAM GRADUATES WE FOUND OUR PROGRAM WAS KEY IN CREATING THE POTENTIAL (ON A PROBABILITY WEIGHTED BASIS) FOR THE CREATION OF OVER 100 DIRECT AND 300 INDIRECT JOBS AND AN ESTIMATED $70MM+ IN DISTRIBUTED ENERGY INVESTMENT IN PUERTO RICO OVER THE NEXT 24-36 MONTHS.

PRECAP II - CONTINUATION OF PRECAP I WITH PRINCIPAL FUNDING PROVIDED BY A HUD CDBG SUB-GRANT FROM THE PUERTO RICO DEPARTMENT OF HOUSING.

SOLAR IT - PRINCIPAL FUNDING PROVIDED BY A HUD CDBG SUB-GRANT FROM THE PUERTO RICO DEPARTMENT OF HOUSING. * THE SOLAR INFORMATION TECHNOLOGY WORKFORCE DEVELOPMENT AND MARKET ACCELERATION PROGRAM ("SIT PROGRAM") - A PROGRAM OF SOLAR WORKFORCE INFORMATION TECHNOLOGY TRAINING ADAPTED TO PUERTO RICO FROM AN EXISTING SUCCESSFUL PROGRAM RESULTING IN A TIERED CERTIFICATION STRUCTURE FOR PUERTO RICAN PARTICIPANTS. IN ADDITION, THE SKILLS AND CAPABILITIES DEVELOPED WILL HELP CREATE AN INDEPENDENT, RELIABLE PROVIDER OF SOLAR AND STORAGE SYSTEM ANALYSIS SUPPORTING MARKET ACCELERATION. SOLAR IS A GROWTH INDUSTRY AND PUERTO RICO MUST TRAIN A SKILLED WORKFORCE TO FILL THE JOBS CREATED AND DRIVE ECONOMIC ACTIVITY. WE ARE THE ONLY PROGRAM TO ADDRESS A CRITICAL SKILLS GAP - INFORMATION TECHNOLOGY. SUCCESSFUL, SCALABLE, PROFITABLE SOLAR COMPANIES SIMPLY DO NOT OPERATE ON SPREADSHEETS AND E-MAIL. FUNDACIÓN BORINCANA'S SOLAR IT WORKFORCE DEVELOPMENT PROGRAM WILL ASSIST INDIVIDUALS ATTAIN CRITICAL HIGH-GRADE SKILLS WITH CERTIFICATED MASTERY OF AN INDUSTRY LEADING SOLAR SOFTWARE PLATFORM. WE STARTED THE SOLAR IT PROGRAM IN 2021 AND GRADUATED THE FIRST COHORT WITH OVER 20 INDIVIDUALS GAINING AT LEAST THE FIRST LEVEL OF CAPABILITY CERTIFICATION.