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Puerto Rico Industrial Development Company
The Puerto Rico Industrial Development Company (PRIDCO) — es, Compañía de Fomento Industrial de Puerto Rico (or simply ''Fomento'')— is a government-owned corporation of Puerto Rico authorized and empowered to induce private capital into Puerto Rico in order to establish trade, cooperatives, and industrial operations in Puerto Rico. As its primary function, PRIDCO is known for providing incentives to both native and foreign companies that either manufacture in Puerto Rico or export from Puerto Rico. History PRIDCO was created by the government of Puerto Rico in 1942 along with the Puerto Rico Government Development Bank (GDB) during the governorship of Rexford G. Tugwell. Its purpose was to finance the construction and operational management of industrial parks where stateside manufacturing companies could find low-rent venues for their operations. For decades, PRIDCO operated as a subsidiary of the Puerto Rico Economic Development Administration (PREDA); the age ...
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Executive Branch Of The Government Of Puerto Rico
The executive branch of the government of Puerto Rico is responsible for executing the laws of Puerto Rico, as well as causing them to be executed. Article IV of the Constitution of Puerto Rico vests the executive power on the Governor—whom by its nature forms the executive branch. The Constitution also establishes that the Secretary of State should serve as acting governor when the Governor is unable to perform his duties. The Secretary of State, therefore, performs an equivalent role to that of a Lieutenant Governor in United States politics. The Puerto Rico Chief of Staff is second-in-command and manages and oversees all executive departments and almost all executive agencies. Article IV also establishes that the Governor shall be assisted by Secretaries whom shall collectively constitute the Governor's advisory council and be designated as the '' Council of Secretaries''. The Council, together with the Cabinet-level officers, compose the Cabinet of Puerto Ri ...
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Industrial Revolution
The Industrial Revolution was the transition to new manufacturing processes in Great Britain, continental Europe, and the United States, that occurred during the period from around 1760 to about 1820–1840. This transition included going from hand production methods to machines, new chemical manufacturing and iron production processes, the increasing use of steam power and water power, the development of machine tools and the rise of the mechanized factory system. Output greatly increased, and a result was an unprecedented rise in population and in the rate of population growth. Textiles were the dominant industry of the Industrial Revolution in terms of employment, value of output and capital invested. The textile industry was also the first to use modern production methods. The Industrial Revolution began in Great Britain, and many of the technological and architectural innovations were of British origin. By the mid-18th century, Britain was the world's leadi ...
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Xavier Romeu
Xavier Romeu Matta is a counselor and litigator, with expertise in securities litigation and regulation, and corporate, commercial and employment litigation. He is a former politician, and an advocate of statehood for Puerto Rico, and of the appointment of Puerto Rican-Americans to the federal bench, most notably of current Associate Justice of the United States Supreme Court, Sonia Sotomayor, whom he served as a law clerk. Biography Mr. Romeu was born and raised in Puerto Rico where his family resided since 1813. Following graduation from the Academia del Perpetuo Socorro in Miramar, he attended Haverford College in Pennsylvania Pennsylvania (; (Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, Mary ..., where he was Secretary, Vice President and President of the Student Council. As a student leader, Mr. ...
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Manuel Dubón
Manuel may refer to: People * Manuel (name) * Manuel (Fawlty Towers), a fictional character from the sitcom ''Fawlty Towers'' * Charlie Manuel, manager of the Philadelphia Phillies * Manuel I Komnenos, emperor of the Byzantine Empire * Manuel I of Portugal, king of Portugal Places * Manuel, Valencia, a municipality in the province of Valencia, Spain * Manuel Junction, railway station near Falkirk, Scotland Other * Manuel (American horse), a thoroughbred racehorse * Manuel (Australian horse), a thoroughbred racehorse * Manuel and The Music of The Mountains, a musical ensemble * ''Manuel'' (album), music album by Dalida, 1974 See also *Manny Manny is a common nickname for people with the given name Manuel, Emanuele, Immanuel, Emmanuel, Herman, or Manfred. People * Manny Acosta (born 1981), Panamanian pitcher in the Mexican Baseball League * Manny Acta (born 1969), Dominican Majo ...
, a common nickname for those named Manuel {{disambiguation ...
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José Madera
José is a predominantly Spanish and Portuguese form of the given name Joseph. While spelled alike, this name is pronounced differently in each language: Spanish ; Portuguese (or ). In French, the name ''José'', pronounced , is an old vernacular form of Joseph, which is also in current usage as a given name. José is also commonly used as part of masculine name composites, such as José Manuel, José Maria or Antonio José, and also in female name composites like Maria José or Marie-José. The feminine written form is ''Josée'' as in French. In Netherlandic Dutch, however, ''José'' is a feminine given name and is pronounced ; it may occur as part of name composites like Marie-José or as a feminine first name in its own right; it can also be short for the name ''Josina'' and even a Dutch hypocorism of the name ''Johanna''. In England, Jose is originally a Romano-Celtic surname, and people with this family name can usually be found in, or traced to, the English county o ...
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PROMESA
The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a U.S. federal law enacted in 2016 that established a financial oversight board, a process for restructuring debt, and expedited procedures for approving critical infrastructure projects in order to combat the Puerto Rican government-debt crisis. Through PROMESA, the US Congress established an appointed Fiscal Control Board (FCB), known colloquially in Puerto Rico as "la junta," to oversee the debt restructuring. With this protection the then-governor of Puerto Rico, Alejandro García Padilla, suspended payments due on July 1, 2016. The FCB's approved fiscal austerity plan for 2017-2026 cut deeply into Puerto Rico's public service budget, including cuts to health care, pensions, and education, in order to repay creditors. By May 2017, with $123 billion in debt owed by the Puerto Rican government and its corporations, the FCB requested the "immediate" appointment of a federal judge to resolve the "larg ...
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United States Military
The United States Armed Forces are the military forces of the United States. The armed forces consists of six service branches: the Army, Marine Corps, Navy, Air Force, Space Force, and Coast Guard. The president of the United States is the commander-in-chief of the armed forces and forms military policy with the Department of Defense (DoD) and Department of Homeland Security (DHS), both federal executive departments, acting as the principal organs by which military policy is carried out. All six armed services are among the eight uniformed services of the United States. From their inception during the American Revolutionary War, the U.S. Armed Forces have played a decisive role in the history of the United States. They helped forge a sense of national unity and identity through victories in the First Barbary War and the Second Barbary War. They played a critical role in the American Civil War, keeping the Confederacy from seceding from the republic and preservin ...
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Executive Departments Of The Government Of Puerto Rico
The executive branch of the government of Puerto Rico is responsible for executing the laws of Puerto Rico, as well as causing them to be executed. Article IV of the Constitution of Puerto Rico vests the executive power on the Governor—whom by its nature forms the executive branch. The Constitution also establishes that the Secretary of State should serve as acting governor when the Governor is unable to perform his duties. The Secretary of State, therefore, performs an equivalent role to that of a Lieutenant Governor in United States politics. The Puerto Rico Chief of Staff is second-in-command and manages and oversees all executive departments and almost all executive agencies. Article IV also establishes that the Governor shall be assisted by Secretaries whom shall collectively constitute the Governor's advisory council and be designated as the '' Council of Secretaries''. The Council, together with the Cabinet-level officers, compose the Cabinet of Puerto Ri ...
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Department Of Economic Development And Commerce Of Puerto Rico
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 * 1994–1999: Luis Fortuño * 2005–2006: Jorge Silva Puras * 2007–2009: Bartolomé Gamundi * 2009–2013: ...
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Cover-over Subsidies
Cover-over subsidies are annual payments from the U.S. government to the U.S. Virgin Islands and Puerto Rico out of federal excise taxes. For example, when a bottle of rum is produced in either the Virgin Islands or Puerto Rico, and then sold in the United States, the federal excise tax on that bottle is returned to its place of production. Cover-over subsidies for U.S. island territories began in 1917. In 2008, the taxes generated about $371 million for Puerto Rico and $100 million for the Virgin Islands. In April 2009, Puerto Rico's congressional representative, Pedro Pierluisi, introduced a bill prohibiting territories from using more than 10 percent of their cover-over receipts for industry specific subsidies. This was as a result of increased competition to source distillery production between Puerto Rico and the U.S. Virgin Islands.Timothy P. Carney, Subsidies on trial in Caribbean rum rumble, Washington Examiner (Nov. 18, 2009), available at http://www.washingtonexaminer.co ...
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List Of Puerto Rican Rums
A ''list'' is any set of items in a row. List or lists may also refer to: People * List (surname) Organizations * List College, an undergraduate division of the Jewish Theological Seminary of America * SC Germania List, German rugby union club Other uses * Angle of list, the leaning to either port or starboard of a ship * List (information), an ordered collection of pieces of information ** List (abstract data type), a method to organize data in computer science * List on Sylt, previously called List, the northernmost village in Germany, on the island of Sylt * ''List'', an alternative term for ''roll'' in flight dynamics * To ''list'' a building, etc., in the UK it means to designate it a listed building that may not be altered without permission * Lists (jousting), the barriers used to designate the tournament area where medieval knights jousted * ''The Book of Lists'', an American series of books with unusual lists See also * The List (other) * Listing ...
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William Riefkohl
William Riefkohl López (born October 8, 1939) was the executive director of the Puerto Rico Manufacturers Association 2002–2013. Early life William Riefkohl was born in Rio Piedras, Puerto Rico, to William Riefkohl Villodas from Patillas and Monsita López Ramírez from Canóvanas. He earned three degrees form the University of Puerto Rico, Rio Piedras Campus: Bachelors in Arts, Masters in Public Administration and a Juris Doctor. In 1963 he joined the Alfa Activo chapter of Phi Sigma Alpha fraternity, and was later its Chancellor. Career Riefkohl worked at the Puerto Rico Economic Development Administration (Fomento) first as Industrial Promotions Officer (1968 to 1970) and later as legal aide (1970 to 1972). He was subsequently named Executive Assistant to the Administrator, and Director of the Office of European Promotions from 1974 to 1977. After Fomento, Riefkohl joined the University of Puerto Rico at Bayamón as a member of its faculty from 1977 to 1985 and from ...
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