Puerto Rico Department of Economic Development and Commerce

Department overview
Formed	June 22, 1994; 29 years ago (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

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The Puerto Rico Department of Economic Development and Commerce 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