DDEC Impact Study Statistics

ACT 20 STATISTICS

  • 360 Act 20 decrees approved. 
  • Top 10 Locations of the Export Services:

             1. The United States
             2. The Dominican Republic 
             3. Mexico
             4. United Kingdom
             5. Columbia
             6. Grand Cayman
             7. India
             8. Germany
             9. China
            10. Spain

  • Total jobs created as a result of Act 20 Companies: 7,033
  • The average number of jobs per decree is close to 9.3 jobs
  • Total investment is close to $143 million
  • Act 20 companies have reported total revenues of almost $1.2 billion.
  • Almost $2,292,195 has been paid in municipal taxes
  • $3.6 million on sales tax paid by the employment created under Act 20 beneficiaries.

  • Act 20 alone has generated close to $60 million 
in tax revenues

  • Act 20 economic impact in the form of revenues could represent close to 1% of Puerto Rico’s GNP for 2014
 

  • close to $266 million have been invested in the local real estate market.

  • The average property value ranged between $1.1 and $1.8 million.
  • The total potential spending for all decree holders amounts to more than $73 million.

  • Industries of Act 20 Companies:

DDEC Study 

 

 ACT 22 STATISTICS

  • 574 Act 22 decrees approved.
  • Act 22 grantees reported a total of $228 million in capital improvements
  • 52% of grantees had businesses established in Puerto Rico.

  • The direct, indirect and induced employment that result from the business activities of these individuals accounts for a total of 5,214 jobs.
  • In terms of local financial services, Act 20/22 decree holders have over 730 bank accounts in local banking institutions and some institutions reported having close to $100 million in deposits from these clients.
 
 

 

 ACT 20 & 22 FORECAST:

  • Over the 10-year period from 2015 to 2024, a total of 2,351 additional Act 20 decrees are expected to be added.
  • These are expected to generate an average of 4,237 employees per year, or a total of 44,656 new employees.
  • The gross income generated by these decree holders would amount to an additional $3,810.5 million per year, for a total of $38,510 million of new corporate income added over the 10-year period.
  • The accumulated corporate income tax paid throughout the period would amount to $808.9 million.
 

  • Act 22 Decrees are expected to produce an average of 1,195 jobs per year, for a total of 11,945 jobs added over the 2015-2024 period.
  • The value of real estate purchased by Act 22 decree holders could be of up to $1.7 billion, depending on the available inventory.




Link to the complete study

 

*Data collected as of November 2, 2015. See report for all other disclaimers. 

 

 

22 Nov 2016


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