List of government-owned corporations of Puerto Rico
The government-owned corporations of Puerto Rico —or public corporations — 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, or because they constitute a government monopoly or control a unique asset.
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
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.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 |
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 Visual Arts and Design of Puerto Rico | SVAD | Escuela de Artes Plásticas y Diseño de Puerto Rico | EAPD | 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
Name in English | Abbreviation in English | Name in Spanish | Abbreviation in Spanish | Industry |
Ponce Port Authority | PPA | Autoridad del Puerto de Ponce | APP | Transportation |