Puerto Rico Department of Economic Development and Commerce

Puerto Rico Department of Economic Development and Commerce

Departamento de Desarrollo Económico y Comercio de Puerto Rico
Department overview
Formed	June 22, 1994 (1994-06-22)
Jurisdiction	executive branch
Headquarters	San Juan, Puerto Rico
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

The Puerto Rico Department of Economic Development and Commerce (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 in the U.S. Commonwealth of Puerto Rico and all its commerce related matters.

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

Main article: Secretary of Economic Development and Commerce of Puerto Rico

• 1994–1999: Luis Fortuño
• 2005–2006: Jorge Silva Puras
• 2007–2009: Bartolomé Gamundi
• 2009–2013: José R. Pérez Riera
• 2013–2016: Alberto Bacó Bagué
• 2017–2020: Manuel A.J. Laboy
• 2020–present: Manuel Cidre

External links

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