Program Description

Develops management and administrative controls to support: operational programs; Executive Director's activities; and relations with other governmental agencies and the private sector. It manages and coordinates industrial sector activities and establishes mechanisms to support Puerto Rican rum promotional activities in the United States.

Statistical Data	2011	2012	2013
Development of advertising campaigns	1	1	1

Statistical data provided by the Agency during the fiscal year 2012-2013 budget formulation process.

Program Description

Analyzes the applicability of the industrial tax incentives acts (Act 8, Act 135, and Act 73) and recommends the granting of tax exemption decrees to businesses supported by the provisions of said acts. It offers legal consulting services related to manufacturing, services, renewable energy and real estate dedicated to industrial development, maritime transportation, air transportation, beer and rum manufacturing. Prepares, comments on and analyzes legislation related to industrial and economic development in Puerto Rico.

Statistical Data	2011	2012	2013
Legal reports on orders and projects	336	425	400
Legislation	12	25	20
Tax exemption applications processed	518	400	400

Statistical data provided by the Agency during the fiscal year 2012-2013 budget formulation process.

Program Description

Grants and administers incentives to encourage the establishment or expansion of industries and promote the creation of employment in Puerto Rico.

Statistical Data	2011	2012	2013
Foreign industries to be promoted	18	30	35
Puerto Rican industries to be promoted	71	80	85

Statistical data provided by the Agency during the fiscal year 2012-2013 budget formulation process.

Program Description

Develops real estate management strategies and strategic alliances to maximize the use of the Company's real estate resources and identify new opportunities for the development of their properties. Enters into agreements with private businesses to develop new parks and industrial properties. It also administers and manages Company's properties. It coordinates and supervises Company's projects: the planning, design, construction and industrial expansion, as well as the physical maintenance of buildings and industrial parks.

Statistical Data	2011	2012	2013
Develop and enable the construction of projects	18,945	15,030	6,000
Evaluation of cases to be promoted (permits)	499	499	475
Industrial buildings maintenance	5,720	5,220	4,000
Industrial projects program	26,665	24,250	10,000
Location inquiries for industrial projects	14	14	8

Statistical data provided by the Agency during the fiscal year 2012-2013 budget formulation process.

Program Description

Promotes the strengthening of our industries by creating and retaining employment in the bio-sciences, information systems, telecommunications, the aerospace industry, engineering design services, advanced technology manufacturing and exportable services. It offers the necessary services and support to established industries in conglomerated strategic industrial sectors. It designs strategies for different sectors developed in Puerto Rico. It develops economic studies for those events, situations, and international economic industrial planning models that guide the Company's promotional strategy. It delineates and implements a marketing strategy to promote Puerto Rico and make its geographic, economic and industrial locations known.

Statistical Data	2011	2012	2013
Additional businesses and extensions	63	47	83
Projects to be promoted	89	110	117
Sponsored jobs	4,800	6,488	6,342

Statistical data provided by the Agency during the fiscal year 2012-2013 budget formulation process.

Promotes Puerto Rico's rum produced in the United States. Provides incentives to rum distilleries and welders to increase manufacturing and offers support for marketing rum in the United States.

Program Description

Offer administrative support to all Company programs.

FISCAL YEAR 2012-2013 ADOPTED BUDGET

The adopted consolidated budget for Fiscal Year 2012-2013 amounts to $106,375,000. This amount includes $44,000,000 from State Special Funds, $312,000 in Federal Funds and $62,063,000 in Revenues from Internal Sources.

Operational expenses reflect a decrease of $18,575,000 when compared to funds assigned in fiscal year 2011-2012 due to a change in contributions assigned through Act 178-2010, which established that part of the Puerto Rico Rum Promotion Program budget will be assigned to local rum producers so they are able to compete with United States rum producers.

State Special Funds, per Act 143 of June 30, 1969, as amended, are generated from rum export tax revenues. These resources will be used to continue the marketing of Puerto Rico's rum and liquors in the United States and to continue to provide incentives to local producers to increase the rum export volume.

Federal Funds included are the result of collaborations between the Company and the US Defense Department for the financing of Procurement Technical Assistance Centers (PTAC). The Federal Government contributes 75% of funds for PTAC and the remaining 25% are matched with the Company's revenues. The program provides technical assistance to industries for the offering of products and services to the Federal Government.

SUMMARY OF AVAILABLE RESOURCES