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 (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
As of November 2012, the executive branch of the government of Puerto Rico owned 52 government-owned corporations with an outstanding debt of US$48.7B.
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 de Puerto Rico 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 AuthorityEsperan al nuevo gobernador con reclamos para la región sur. Jason Rodríguez Grafal. Ponce, Puerto Rico: La Perla del Sur. (Year 36. Issue 1861. 31 July to 6 August 2019. Page 4.) 31 July 2019. Accessed 31 July 2019. PPA Autoridad del Puerto de Ponce APP Transportation
References
See also State-owned enterprises of the United States