Program Description

Provides integrated and individualized services and advice to potential entrepreneurs including analysis along the lines of financing, export and import, economic incentives, international marketing and continuing education. It has six Business Development Centers, one for each area of economic development.

Customers

Business people, future entrepreneurs and exporters across Puerto Rico.

Program Description

Provides services to all operational areas; manages human resources and fiscal matters; and oversees that funds allocated to the Agency are used correctly.

Agency Personnel

Program Description

Encourages and promotes exporting Puerto Rican enterprises. Identifies potential markets for products and services. Assists entrepreneurs in the development of an export plan, and offers them the basic tools for international commerce. Conducts commercial missions in different countries so that local entrepreneurs may be able to export their products or services. Maintains a database of current and potential exporters.

Customers

Export companies and new entrepreneurs with the ability to export their goods and services.

Program Description

Of vital importance for the Company, because it provides warehousing installations for the distribution of products, as well as commercial facilities for entrepreneurs across Puerto Rico. It administers the warehouses and commercial facilities strategically located in San Juan, Ponce and Mayaguez. In addition, it is the division responsible for administering FREE TRADE ZONE #61 which is located in the International Commerce Center.

Customers

Businesses in expansion that distribute their products around the Island and businesses with the potential for exportation which would benefit from the free trade zone for distribution on international markets.

Program Description

Administers the Cybernetics Center which prepares online documentation and training for small and medium business merchants. The package includes documentation about: below market rent rates, salary incentives, accounting assessments, basic equipment and broad band connectivity.

Program Description

Gathers, analyzes, organizes and interprets all quantitative information that allows the Agency to understand commercial activity in general. In addition, it evaluates feasibilty studies to make recommendations on the placement of gasoline stations and shopping centers. It does this in accordance with Act 171-2000, the Merchants and Businesses Registry Act.

Customers

Small and medium merchants

Program Description

Provides the design, planning, training and evaluation for most of the entrepreneurship development programs operated through the Business Development Center System (CDN, Spanish acronym). It maintains a promotional program on available services and runs a service access line. This Program includes the following units and departments: Programs and Alliances Management, Service Promotions, Entrepreneurship and Exporters Resources Center and the Foreign Trade Entrepreneurship Development Institute.

Customers

Future entrepreneurs and exporters, new businesses and growing businesses

FISCAL YEAR 2012-2013 ADOPTED BUDGET

The adopted consolidated budget for Fiscal Year 2012-2013 amounts includes to $16,909,000 in Revenues from Internal Sources. This amount includes $15,459,000 for operational expenses and $1,450,000 for capital improvements.

Operational expenses reflect an increase of $173,000 when compared to funds assigned in fiscal year 2011-2012 due to a redistribution of resources to the payroll and related expenses category and the rent and utilities category.

Capital improvements resources will be used for the maintenance and refurbish of commercial facilities in Puerto Rico.

The adopted budget will allow the Company to continue transforming Puerto Rico into the commercial center of the Caribbean, Latin America and other Hispanic locations.