Puerto Rico Department of Economic Development and Commerce

The Puerto Rico Department of Economic Development and Commerce is the executive department of the government of Puerto Rico responsible for the economic development in the U.S. Commonwealth of Puerto Rico and all its commerce related matters.

Puerto Rico Department of Economic Development and Commerce
Department overview

Formed	June 22, 1994 (1994-06-22)
Jurisdiction	executive branch
Headquarters	San Juan, PR
Department executive	Manuel Laboy Rivera, Secretary
Child agencies	Puerto Rico Industrial Development Company Puerto Rico Tourism Company Puerto Rico Trade and Export Company
Key document	Reorganization Plan No. 4
Website	ddec.pr.gov

Executive branch of the government of Puerto Rico
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Office of the Governor Chief of Staff Executive offices Governor's Advisory Board Office of Management and Budget Planning Board Secretariat of Governance
Chief of Staff AFICA Commission on Cooperative Development Commission on Safety and Public Protection Economic Development Bank Environmental Quality Board Federal Affairs Administration Financing of Housing Authority Financing of Puerto Rico Infrastructure Authority Government-owned corporations Government Development Bank Municipal Financing Agency Office of the Inspector General Public Financing Corporation Public-Private Partnerships Authority Secretariat of Governance
Cabinet Agriculture Cabinet-level officers Chief of Staff Consumer Affairs Corrections and Rehabilitation Economic Development and Commerce Education Family Health Housing Justice Labor and Human Resources Natural and Environmental Resources Public Safety Sports and Recreation State Transportation and Public Works Treasury
Departments Agriculture Consumer Affairs Corrections and Rehabilitation Economic Development and Commerce Education Family Health Housing Justice Labor and Human Resources Natural and Environmental Resources Public Safety Sports and Recreation State Transportation and Public Works Treasury
Finances Bonds Budget Budget balance COFINA Consolidated Fund General Fund Government Development Bank Internal Revenue Code Public debt Public Improvements Fund Special State Funds Taxation Sales and Use Tax
Processes & protocols Line of succession Transition process 2004 2008 2012
Other branches Judicial branch Legislative branch

Economy of Puerto Rico
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History Currencies
Primary sectors Agriculture Electricity Energy Fishing
Secondary sectors Aerospace Automotives Construction Electronics Food service Pharmaceutics Petrochemicals PRIDCO Research Technology Textiles
Tertiary sectors Banking Cooperativism Education Finance Healthcare Hotel Insurance Money transfers Mortgage Private security Public utilities Recreation Real estate Retail Social programs Telecommunications Tourism Transportation Warehousing Wholesale
Entertainment Arts Filming Music News media Television
Companies Companies of Puerto Rico Government-owned corporations Public–private partnerships
Government
Agencies Department of Economic Development and Commerce Department of Treasury Economic Development Bank Government-owned corporations Planning Board Office of Management and Budget Public–Private Partnerships Authority
Assets Consolidated Fund General Fund Public Improvements Fund Special State Funds
Bond issuers AFI AFICA Authority for the Financing of the Infrastructure of Puerto Rico COFINA Government Development Bank Municipal Financing Agency
Public debt Balance Budget Bonds issued by Puerto Rico Debt crisis Public debt of Puerto Rico
Taxes Internal Revenue Code Sales and Use Tax Taxation in Puerto Rico
Trade associations Chamber of Commerce Chamber of Marketing, Industry, and Distribution of Food Made in Puerto Rico MIDA Manufacturers Association Puerto Rico Products Association United Retailers Center

History

The Department of Economic Development and Commerce was created by Pedro Rosselló in 1994 as an umbrella organization under which several economic development agencies would operate in a more coordinated fashion. Its first Secretary was Luis Fortuño, who appointed its former head, José Pérez Riera, after being elected Governor in 2008.

Agencies

Among the agencies under its jurisdiction is the Puerto Rico Industrial Development Company (PRIDCO), the Puerto Rico Tourism Company, the Puerto Rico Trade and Export Company and several smaller agencies dealing with cooperatives and horse-racing.

Secretary

1994–1999: Luis Fortuño
2005–2006: Jorge Silva Puras
2007–2009: Bartolomé Gamundi
2009–2013: José R. Pérez Riera
2013–2016: Alberto Bacó Bagué
2017–present: Manuel A.J. Laboy

External links

ddec.pr.gov - Official site of the Department of Economic Development and Commerce

Executive departments of the government of Puerto Rico
Agriculture Consumer Affairs Corrections and Rehabilitation Economic Development and Commerce Education Family Health Housing Justice Labor and Human Resources Natural and Environmental Resources Public Safety Sports and Recreation State Transportation and Public Works Treasury

Government finances in Puerto Rico
Accounting	Budget Debt crisis Government budget balance Public debt
Assets	Consolidated Fund General Fund Public Improvements Fund Special State Funds
Bond issuers	AFI AFICA Authority for the Financing of Housing Authority for the Financing of the Infrastructure of Puerto Rico COFIM COFINA Government Development Bank Municipal Financing Agency Public Financing Corporation
Bonds	Bonds issued by Puerto Rico Puerto Rico Sales Tax Revenue Bonds
Other agencies	Department of Economic Development and Commerce Department of Treasury Economic Development Bank Office of Management and Budget Planning Board Public–Private Partnerships Authority
Taxation	Internal Revenue Code Sales and Use Tax Taxation in Puerto Rico

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