Jurisdiction executive branch | Headquarters San Juan, Puerto Rico | |
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Formed June 22, 1994; 22 years ago (1994-06-22) Department executive Alberto Bacó Bagué, Secretary of Economic Development and Commerce Child agencies Industrial Development Company
Tourism Company
Trade and Export Company Key document Reorganization Plan No. 4 | ||
The Department of Economic Development and Commerce of Puerto Rico (Spanish: Departamento de Desarrollo Económico y Comercio de Puerto Rico) is the executive department of the government of Puerto Rico responsible for the economic development of Puerto Rico and all its commerce related matters.
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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.