INDUSTRIAL DEVELOPMENT

Announcements

PRIDCO team assesses Thermo King damage in the Arecibo region

May 2, 2022

As a result of the atmospheric event that occurred yesterday afternoon in the Arecibo region, this morning the executive director of the Industrial Development Company ("PRIDCO"), Javier Bayón Torres, together with his work team, visited the Thermo King facilities and met with the general manager of said company, Marco Miranda.

The PRIDCO team is conducting an assessment of all the property that is leased to Thermo King in Arecibo in order to identify the damage caused by the tornado and establish an action plan to ensure that the company can resume operations as soon as possible. Likewise, Bayón Torres contacted the mayor of Arecibo, Carlos “Tito” Ramírez Irizarry, to make himself available to support the recovery of the affected areas.

“What happened at the plant and at the rest of the surrounding residential properties was very unfortunate and unexpected. However, damage was fortunately limited to property, no injuries to residents or employees. We will work hand in hand with Thermo King management to ensure the reestablishment of the operation that employs around 950 people”, said Bayón.

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Press Release

Notice of Repeal of Regulations

July 11, 2025

Pursuant to the powers and authority granted by Act No. 38 of June 30, 2017, as amended, known as the “Uniform Administrative Procedure Act of the Government of Puerto Rico,” 3 LPRA § 9601, et seq, and as stated by the Executive Reorganization Act 4 of June 22,1994 as amended, 3 LPRA. Ap. X, § I, et seq, the Secretary of the Department of Economic Development and Commerce hereby gives notice of the intent to repeal the following regulations, as registered at the Puerto Rico Department of State.

Press Release

Notice of Repeal of Regulations

July 11, 2025

By the authority conferred on it by Act No. 188 of May 11, 1942, as amended, better known as the Puerto Rico Industrial Development Company Act, which provides in Article 8(c) that it shall have the power to formulate, adopt, amend, and repeal statutes (regulations), to govern the rules of its business, and to exercise and perform the powers and duties granted and imposed upon it by law, and to In accordance with the provisions of Act No. 38 of June 30, 2017, as amended, known as the Uniform Administrative Procedure Act, notice is hereby given to the general public of the intent to repeal the following regulations as recorded in the Puerto Rico State Department:

Press Release

PRIDCO Announces “Green PRIDCO” Project: Installation of Solar Panels on Industrial Buildings

April 21, 2025

San Juan, Puerto Rico – April 14, 2025 – The Executive Director of the Puerto Rico Industrial Development Company (PRIDCO), Eric Santiago Justiniano, announced the launch of a project to install solar panels on the rooftops of industrial buildings owned by this public corporation. The announcement was made during the Cogeneration Day event, held at the Sheraton Hotel, Convention District in San Juan, Puerto Rico.

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