DEPARTMENT OF ECONOMIC DEVELOPMENT AND COMMERCE.

LEGAL AUTHORITY

Reorganization Plan 4 of June 22, 1994, as amended, creates the Department of Economic Development and Commerce to implement and supervise the execution of Puerto Rico's public policy on economic development in various entrepreneurial sectors of industry, commerce, tourism, services, cooperativism and others. Act No. 73 of May 28, 2008, the "Puerto Rico Economic Development Incentives Act assigns new responsibilities to the Department of Economic Development and Commerce.

MISSION

To formulate, implement and supervise public policy that relates to the economic development of Puerto Rico in the various entrepreneurial sectors. Similarly, encourage the development of a stable and self-sustaining private economy that takes into consideration the globalization of the economy and the constitution of regional economic alliances.

VISION

Achieving sustainable economic growth for Puerto Rico.


ORGANIZATIONAL STRUCTURE

The Department of Economic Development and Commerce is composed of the following organizational units:

  • Office of the Secretary
  • Secretariat Administration Auxiliary
  • Secretariat Projects Auxiliary
  • Secretariat Commercial Abroad Relations

GEOGRAPHIC LOCATION

The Department of Economic Development and Commerce has a central office located at 355 Roosevelt Avenue, at the Fomento Building in Hato Rey. It also has two commercial offices in the following countries: Dominican Republic and Panama.

PROGRAMMATIC STRUCTURE

POSITIONS FILLED

Authorized and Proposed Positions 2009 2010 2011 2012
Sept./08 Sept./09 Sept./10 Feb./11 Proj.

 

Total amount of positions 15 13 18 17 14

Data obtained from the Headcount Reports certified by the Agency. Figures for fiscal year 2011-2012 were estimated during the budget formulation process.

PROGRAMS

General Management and Administration

Program Description

Plans, promotes and encourages economic development initiatives that will diversify our economy and make it more competitive. Groups executive structures to allow better coordination and facilitates the formulation and implementation of sector strategies that promote economic development.

Objective

  • Provides managerial and administrative support for both, the programs and the operational units, to meet established goals.

Customers

Agencies ascribed to the Department:

  • Authority Port of the Americas
  • Convention Center District Authority
  • Horse Racing Industry and Sports Administration
  • Land Administration
  • Energy Affairs Administration
  • Trade and Export Company
  • Industrial Development Company
  • Tourism Company
  • Film Industry Development Corporation
  • Office of Exemption Industrial Tax

Human Resources

Authorized and Proposed Positions 2009 2010 2011 2012

Managerial,Technical, Administrative, and Office Staff 11 12 14 14
Total, Positions 11 12 14 14

REDEVELOPMENT OF LAND AND FACILITIES OF THE ROOSEVELT ROADS NAVAL STATION

Program Description

The Authority for the Redevelopment of the Facilities and Lands of Roosevelts Roads was established at the begining of Fiscal Year 2011-2012. Human and fiscal resources for this agency are presented in the Authority's information, according to Act No.508 of September 29, 2004.

Human Resources

Authorized and Proposed Positions 2009 2010 2011 2012

Managerial,Technical, Administrative, and Office Staff 3 1 3 0
Planning, Budget, Statistics, Auditing, and Finance 1 0 1 0
Total, Positions 4 1 4 0



FISCAL YEAR 2011-2012 ADOPTED BUDGET

The adopted consolidated budget for Fiscal Year 2011-2012 is $3,969,000. The funding comes entirely from Revenues from Internal Sources.

The operational expenses reflect a reduction of $3,254,000 in comparison with the fiscal year 2010-2011. This change is product of a managerial services charged to the agencies and corporations that are hereby attached to the Department, thus allowing a source of self-generated income and fiscal self-sufficiency that resulted in the reduction of public spending. The Authority for the Redevelopment of the Lands and Facilities of the Roosevelts Roads Naval Station was established at the begining of Fiscal Year 2011-2012. Human and Fiscal Resources for this agency are presented in the Authority's information, according to Act No.508 of September 29, 2004.

The proposed resources will provide for the development of economic strategies and the implementation of a Government Program directed to taxes, manufacturing, tourism and agriculture, among others. Also, to continue the services offered by Commercial Offices Abroad, located in Panama and the Dominican Republic.



SUMMARY OF AVAILABLE RESOURCES


Consolidated Budget  (thousands $) 2009 2010 2011 2012

 

Program  
Operational Expenses Actual Actual Budget Adopted
General Management and Administration 2,484 8,217 5,870 3,969
Redevelopment of land and facilities of the Roosevelt Roads Naval Station 1,353 1,353 1,353 0
Subtotal, Operational Expenses 3,837 9,570 7,223 3,969
 
Subsidies, Incentives and Donations
General Management and Administration 1,190 0 0 0
Subtotal, Subsidies, Incentives and Donations 1,190 0 0 0
 
Capital Improvements
General Management and Administration 0 25,000 0 0
Subtotal, Capital Improvements 0 25,000 0 0
Total, Program 5,027 34,570 7,223 3,969
 
Funding Sources  
Operational Expenses  
Joint Resolution - General Fund 2,484 1,138 317 0
Special Appropriations - General Fund 900 3,500 3,100 0
Federal Grants 453 453 453 0
Other Income 0 4,000 0 0
Revenues from Internal Sources 0 0 3,232 3,969
Local Stabilization Fund 0 479 121 0
Subtotal, Operational Expenses 3,837 9,570 7,223 3,969
 
Subsidies, Incentives and Donations  
Special Appropriations - General Fund 1,190 0 0 0
Subtotal, Subsidies, Incentives and Donations 1,190 0 0 0
 
Capital Improvements  
Other Income 0 25,000 0 0
Subtotal, Capital Improvements 0 25,000 0 0
Total, Funding Sources 5,027 34,570 7,223 3,969
 
Expense Category  
Operational Expenses  
Payroll and Related Expenses 1,308 1,165 1,593 1,681
Purchased Services 170 124 235 188
Transportation Expenses 16 10 37 0
Professional Services 1,421 764 2,248 2,082
Other Expenses 0 4 10 18
Non Distributed Allocations 900 7,500 3,100 0
Previous Years Debt Payments 19 0 0 0
Advertising and Media Expenses 3 3 0 0
Subtotal, Operational Expenses 3,837 9,570 7,223 3,969
 
Subsidies, Incentives and Donations  
Incentives and Subsidies for Services to Citizens 1,190 0 0 0
Subtotal, Subsidies, Incentives and Donations 1,190 0 0 0
 
Capital Improvements  
Capital Improvements Program 0 25,000 0 0
Subtotal, Capital Improvements 0 25,000 0 0
Total, Expense Category 5,027 34,570 7,223 3,969

SUMMARY OF RESOURCES BY PROGRAM

General Management and Administration

Budget (thousands $) 2009 2010 2011 2012

 

Funding Sources  
Operational Expenses  
Joint Resolution - General Fund 2,484 1,138 317 0
Local Stabilization Fund 0 479 121 0
Other Income 0 4,000 0 0
Revenues from Internal Sources 0 0 3,232 3,969
Special Appropriations - General Fund 0 2,600 2,200 0
Subtotal, Operational Expenses 2,484 8,217 5,870 3,969
 
Subsidies, Incentives and Donations  
Special Appropriations - General Fund 1,190 0 0 0
Subtotal, Subsidies, Incentives and Donations 1,190 0 0 0
 
Capital Improvements  
Other Income 0 25,000 0 0
Subtotal, Capital Improvements 0 25,000 0 0
Total, Funding Sources 3,674 33,217 5,870 3,969
 
Expense Category  
Operational Expenses  
Payroll and Related Expenses 891 748 1,154 1,681
Purchased Services 147 101 221 188
Transportation Expenses 6 0 37 0
Professional Services 1,421 764 2,248 2,082
Other Expenses 0 4 10 18
Non Distributed Allocations 0 6,600 2,200 0
Previous Years Debt Payments 19 0 0 0
Subtotal, Operational Expenses 2,484 8,217 5,870 3,969
 
Subsidies, Incentives and Donations  
Incentives and Subsidies for Services to Citizens 1,190 0 0 0
Subtotal, Subsidies, Incentives and Donations 1,190 0 0 0
 
Capital Improvements  
Capital Improvements Program 0 25,000 0 0
Subtotal, Capital Improvements 0 25,000 0 0
Total, Expense Category 3,674 33,217 5,870 3,969
 

REDEVELOPMENT OF LAND AND FACILITIES OF THE ROOSEVELT ROADS NAVAL STATION

Budget (thousands $) 2009 2010 2011 2012

 

Funding Sources  
Operational Expenses  
Federal Grants 453 453 453 0
Special Appropriations - General Fund 900 900 900 0
Subtotal, Operational Expenses 1,353 1,353 1,353 0
Total, Funding Sources 1,353 1,353 1,353 0
 
Expense Category  
Operational Expenses  
Payroll and Related Expenses 417 417 439 0
Purchased Services 23 23 14 0
Transportation Expenses 10 10 0 0
Non Distributed Allocations 900 900 900 0
Advertising and Media Expenses 3 3 0 0
Subtotal, Operational Expenses 1,353 1,353 1,353 0
Total, Expense Category 1,353 1,353 1,353 0