Puerto Rico Economic Development Bank Counts Job Impact

The president of the Puerto Rico Economic Development Bank, Francisco Rodriguez, said Tuesday that 29,000 new jobs had been created through local companies since the fiscal year 2001 to June 30, 2004.

Rodriguez said in the fiscal year ended in 2001, 7,194 new jobs were created; in 2002, 6,390; in 2003, 12,727 and in 2004, 13,196. “We, in the past fiscal years, have been able to create 26,000 new jobs in local businesses,” he said.

He said the job creation figure is a way to measure the success of the EDB during the present four-year period. He also said that every sector has benefited from the jobs created through EDB financing, but the highest number of new jobs was registered in the manufacturing, tourism and service industries.

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