Department of Economic Development and Commerce (DDEC)
Government of Puerto Rico
The Department of Economic Development and Commerce (DEDC) serves as the umbrella entity for key economic development agencies in Puerto Rico. Created in 1994, the DEDC is at the leading edge of Governor García-Padilla's policy of taking the most out of Puerto Rico's fiscal autonomy as a tool for promoting local and foreign investment. This vision allows for the creation of thousands of jobs in manufacturing, aerospace, telecommunications and information technology, engineering services, scientific research and others.
To achieve these strategic goals, the DEDC is working on initiatives that:
- Create new tax and economic incentives for high technology industries as well as start-ups and locally owned businesses.
- Improve Puerto Rico's regulatory and structural framework in order to enhance its competitiveness as a destination for investment and the production of high-value goods and services.
- Establish regional centers, or "poles," of economic activity throughout the island.
Grow critical sectors, including manufacturing, tourism, commerce and exportation, film and visual arts, banking and insurance
Helpful Links:
Department of Economic Development and Commerce
