ACKNOWLEDGEMENTS
ACKNOWLEDGEMENTS
On behalf of the Southern Puerto Rico Economic Development District (SPREDD), I would like to recognize the public and private partners that dedicated their time to craft the 2021 SPREDD Comprehensive Economic Development Strategy (SPREDD CEDS). The SPREDD region is home to public and private sector leaders, institutions of higher learning, solopreneurs, small start-ups and thriving, large multi-national business. From the beginning of the planning process in early 2020, and despite the interruptions brought about by the earthquakes, coupled with the challenges of COVID-19, we still managed to effectively collaborate on the development of the SPREDD CEDS. Development of the SPREDD CEDS was a collaborative effort that strengthened existing partnerships while developing new relationships that will help drive implementation to create the first-ever Economic Development District to Puerto Rico to strengthen and revitalize a region that has tremendous potential, but is also burdened with significant challenges while enduring significant setbacks. We are proud to say that over 50 stakeholders from the municipalities of Guánica, Guayanilla, Juana Díaz, Peñuelas, Ponce, and Yauco participated in the creation of this plan and because of that, the SPREDD CEDS is truly YOUR PLAN.
SPREDD would like to express our gratitude to Sofia Martinez-Alvarez, Executive Director of Titín Foundation, for leading the Strategic Leadership Team which has taking an idea and facilitated its implementation. And to the U.S. Department of Commerce, Economic Development Administration (EDA), for their ongoing support and funding. Specifically, we would like to thank the Philadelphia Regional EDA office, Linda Cruz-Carnall, Regional Administrator, Mathew Suchodolski, Economic Development Integrator, and Juan Bauzá, Economic Development Representative (PR & USVI), for their invaluable guidance and counsel.
We welcome and appreciate the insight, expertise and assistance of all those who helped in the crafting of this document, and look forward to working collaboratively on the key projects and actions to accomplish the goals and objectives set forth herein to create a more resilient region for the six municipalities that have come together to form Puerto Rico’s inaugural EDD.
SPREDD would like to express our gratitude to Sofia Martinez-Alvarez, Executive Director of Titín Foundation, for leading the Strategic Leadership Team which has taking an idea and facilitated its implementation. And to the U.S. Department of Commerce, Economic Development Administration (EDA), for their ongoing support and funding. Specifically, we would like to thank the Philadelphia Regional EDA office, Linda Cruz-Carnall, Regional Administrator, Mathew Suchodolski, Economic Development Integrator, and Juan Bauzá, Economic Development Representative (PR & USVI), for their invaluable guidance and counsel.
We welcome and appreciate the insight, expertise and assistance of all those who helped in the crafting of this document, and look forward to working collaboratively on the key projects and actions to accomplish the goals and objectives set forth herein to create a more resilient region for the six municipalities that have come together to form Puerto Rico’s inaugural EDD.
ABBREVIATIONS
ACS American Community Survey
BLS U.S. Bureau of Labor Statistics
DDEC Puerto Rico Department of Economic Development and Commerce
CEDS Comprehensive Economic Development Strategy
CFC Controlled Foreign Corporation
COA Course of Action set forth in the Recovery Plan
CPCB Community Planning and Capacity Building
CDBG-DR Community Development Block Grant – Disaster Recovery
EIA U.S. Energy Information Administration
EDA U.S. Economic Development Administration
EDD Economic Development District
FCC Federal Communications Commission
FOMB Financial Oversight and Management Board of Puerto Rico
FTZ Foreign Trade Zone
GDB-EAI Government Development Bank for Puerto Rico Economic Activity Index
GDP Gross Domestic Product
GPR Government of Puerto Rico
HSOAC Homeland Security Operational Analysis Center
IRC Internal Revenue Code of the United States
LFPR Labor Force Participation Rate
LQ Location Quotient
PBPA Point Blank Protective Apparel
PHSU Ponce Health Sciences University
PREPA Puerto Rico Electric Power Authority
PRI Ponce Research Institute
PRIDCO Puerto Rico Industrial Development Company
PROMESA Puerto Rico Oversight, Management, and Economic Stability Act
QCEW Quarterly Census of Employment and Wages from the U.S. Bureau of Labor Statistics
QOZ Qualified Opportunity Zone
SMR Small Modular Reactor
SPREDD Southern Puerto Rico Economic Development District
TCJA Tax Cuts and Jobs Act
WIOA Workforce Innovation and Opportunity Act