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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 Puerto Rico State Insurance Fund Corporation —Spanish: Corporación del Fondo del Seguro del Estado (CFSE)—is a government-owned corporation of Puerto Rico that provides workers' compensation in Puerto Rico.
Location of Puerto Rico. Puerto Rico is an unincorporated territory of the United States located in the northeast Caribbean Sea. It is an archipelago that includes the main island of Puerto Rico and a number of smaller ones such as Mona, Culebra, and Vieques. The capital and most populous city is San Juan.
Demographically, municipalities in Puerto Rico are equivalent to counties in the United States, and Puerto Rican municipalities are registered as county subdivisions in the United States census. [2] Statistically, the municipality with the largest number of inhabitants is San Juan , with 342,259, while Culebra is the smallest, with around 1,792.
The Puerto Rico Public Finance Corporation (PFC) —Spanish: Corporación para el Financiamiento Público de Puerto Rico (CFP)— is the government-owned corporation that issues bonds to finance the different agencies of the executive branch of the government of Puerto Rico. [1]
The Puerto Rico Ports Authority (PRPA) (Spanish: Autoridad de los Puertos; AP) is a government-owned corporation of Puerto Rico charged with developing, operating ...
The Municipal Finance Corporation —Spanish: Corporación de Financiamiento Municipal (COFIM)— is a government-owned corporation of Puerto Rico that issues government bonds and uses other financing mechanisms to pay or refinance, directly or indirectly, in whole or in part, the debts of the municipalities of Puerto Rico payable or backed by the Puerto Rican municipal sales and use tax. [1]
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.