List of government-owned corporations of Puerto Rico

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The government-owned corporations of Puerto Rico —or public corporations (Spanish: corporaciones públicas)— are a set of corporate entities owned entirely or in large part by the executive branch of the government of Puerto Rico or by its municipalities. The corporations engage in commercial activities with their revenues ultimately being allocated towards the government's treasury —the Puerto Rico Consolidated Fund— or towards the corresponding municipal treasury. Some of them have been criticized since their creation since they are not profitable and depend on the issue of bonds or large indebtedness to operate,[1] or because they constitute a government monopoly or control a unique asset (such as a port, toll, or land).

As of 2015, the public corporations contributed to more than half of the public debt of Puerto Rico —a factor that contributed significantly to the Puerto Rican government-debt crisis— with COFINA, PRASA, PRHTA, and PREPA being the largest holders.

Owned by the executive branch

Lua error in package.lua at line 80: module 'strict' not found. As of November 2012, the executive branch of the government of Puerto Rico owned 52 government-owned corporations with an outstanding debt of $48.7B USD.[1][2][3][4][5][lower-alpha 1]

Name in English Abbreviation in English Name in Spanish Abbreviation in Spanish Industry
Automobile Accident Compensation Administration PRAACA Administración de Compensaciones por Accidentes de Automóviles ACAA Insurance
Agricultural Insurance Corporation PRAIC Corporación de Seguros Agrícolas CSA Agriculture
Aqueducts and Sewers Authority PRASA Autoridad de Acueductos y Alcantarillados AAA Public utility
Authority for the Financing of Industrial, Touristic, Educative, Medical, and Environmental Control Facilities AFITEMECF Autoridad para el Financiamiento de Facilidades Industriales, Turísticas, Educativas, Médicas y de Control Ambiental AFICA Banking
Authority for the Financing of Housing PRAFH Autoridad para el Financiamiento de la Vivienda AFV Banking
Authority for the Financing of the Infrastructure of Puerto Rico AFI Autoridad para el Financiamiento de la Infraestructura de Puerto Rico AFI Banking
Caño Martín Peña ENLACE Project Corporation ENLACE Corporación del Proyecto ENLACE del Caño Martín Peña ENLACE Real estate
Cardiovascular Center of Puerto Rico and the Caribbean Corporation CCPRCC Corporación del Centro Cardiovascular de Puerto Rico y el Caribe CCCPRC Healthcare
Commission on Traffic Safety PRCTS Comisión para la Seguridad en el Tránsito CST Insurance
Comprehensive Cancer Center PRCCC Centro Comprensivo de Cáncer CCCPR Healthcare
Conservatory of Music Corporation PRCMC Corporación del Conservatorio de Música CCM Education
Convention Center District Authority PRCCDA Autoridad del Distrito del Centro de Convenciones ADCCPR Travel and leisure
Corporation for the Development of Arts, Sciences, and Cinematographic Industry PRFILM Corporación para el Desarrollo de las Artes, Ciencias e Industria Cinematográfica PRFILM Entertainment
Corporation of Industries for the Blind, Mentally Retarded People, and Other Handicapped People CIRIO Corporación de Industrias de Ciegos, Personas Mentalmente Retardadas y Otras Personas Incapacitadas CIRIO Industrial development
Credit Unions Supervision and Insurance Corporation PRCUSIC Corporación para la Supervisión y Seguros de Cooperativas de Puerto Rico COSSEC Insurance
Economic Development Bank EDB Banco de Desarrollo Económico BDE Banking
Electric Power Authority PREPA Autoridad de Energía Electrica AEE Public utility
Government Development Bank GDB Banco Gubernamental de Fomento BGF Banking
Health Insurance Administration PRHIA Administración de Seguros de Salud ASES Healthcare
Highways and Transportation Authority PRHTA Autoridad de Carreteras y Transportación ACT Transportation
Industrial Development Company PRIDCO Compañía de Fomento Industrial FOMENTO Industrial development
Integral Development for the Cantera Peninsula Company PRIDCPC Compañía para el Desarrollo Integral de la Península de Cantera CDIPC Industrial development
Institute of Puerto Rican Culture IPRC Instituto de Cultura Puertorriqueña ICP Entertainment
Lands Administration PRLA Administración de Terrenos AT Real estate
Lands Authority PRLA Autoridad de Tierras ATPR Agriculture
Maritime Transport Authority PRMTA Autoridad de Transporte Marítimo ATM Transportation
Medical Services Administration PRMSA Administración de Servicios Médicos de Puerto Rico ASEM Healthcare
Metropolitan Bus Authority MBA Autoridad Metropolitana de Autobuses AMA Transportation
Municipal Financing Agency MFA Agencia de Financiamiento Municipal AFM Banking
Municipal Financing Corporation MFC Corporación de Financiamiento Municipal COFIM Banking
Musical Arts Corporation PRMAC Corporación para las Artes Musicales CAM Entertainment
Musical Scenic Arts Corporation PRMSAC Corporación de las Artes Escénico-Musicales CASM Entertainment
National Guard Institutional Trust PRNGIT Fideicomiso Institucional de la Guardia Nacional de Puerto Rico FIGNA Banking
National Parks Company PRNPC Compañía de Parques Nacionales CPNPR Real estate
Performing Arts Center Corporation PRPACC Corporación del Centro de Bellas Artes CBA Entertainment
Ponce Port Authority[lower-alpha 2] PPA Autoridad del Puerto de Ponce APP Transportation
Ports Authority PRPA Autoridad de los Puertos APPR Transportation
Public Broadcasting Corporation PRPBC Corporación para la Difusión Pública WIPR Entertainment
Public Buildings Authority PBA Autoridad de Edificios Públicos AEP Real estate
Sales Tax Financing Corporation COFINA Corporación del Fondo de Interés Apremiante COFINA Banking
School of Plastic Arts SPAPR Escuela de Artes Plásticas EAP Education
Solid Waste Authority SWA Autoridad de Desperdicios Sólidos ADS Public utility
State Insurance Fund Corporation PRSIFC Corporación del Fondo del Seguro del Estado CFSE Insurance
Symphony Orchestra Corporation PRSO Corporación de la Orquesta Sinfónica COSPR Entertainment
Trade and Export Company PRTEC Compañía de Comercio y Exportación CCE Industrial development
Tourism Company Tourism Compañía de Turismo Turismo Travel and leisure
Training and Work Enterprises Corporation PRTWEC Corporación de Empresas de Adiestramiento y Trabajo CEAT Education
University of Puerto Rico UPR Universidad de Puerto Rico UPR Education

Owned by municipalities

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Name in English Abbreviation in English Name in Spanish Abbreviation in Spanish Industry
Ponce Port Authority[lower-alpha 2][6] PPA Autoridad del Puerto de Ponce APP Transportation

Criticism

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Notes

  1. ↑ In legal terms there are only 51 corporations owned by the executive branch. In reality however, the Ponce Port Authority is still owned by the executive branch even though it was legally transferred to the municipality of Ponce.[6] This increases the number of corporations owned by the executive branch to 51 in practice.
  2. ↑ 2.0 2.1 The Ponce Port Authority was legally transferred to the municipality of Ponce but is still owned by the Port of the Americas Authority which belongs to the executive branch.

References

  1. ↑ 1.0 1.1 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ 6.0 6.1 Lua error in package.lua at line 80: module 'strict' not found.
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