Para establecer el “Fondo de Inversión Estratégico para el Desarrollo Económico”, como instrumento permanente que facilite una inversión continua enfocada en el desarrollo de programas de capacitación que cierren las brechas de habilidades básicas; de capitalización de pequeñas empresas; de crecimiento empresarial mediante la capitalización; aumentar los activos del sector cooperativista de ahorro y crédito, a los fines de desarrollar una economía local de estrecha colaboración con comerciantes, emprendedores y demás ciudadanos; y para otros fines relacionados.

2025-2028 Session

Establishes a permanent Strategic Investment Fund to fund workforce training, capitalize small businesses, and grow cooperative credit, building a locally integrated Puerto Rico.

Comisión no recomienda aprobación de la medida

Overview

PS 114 proposes establishing the Fondo de Inversión Estratégico para el Desarrollo Económico (Strategic Investment Fund for Economic Development) as a permanent instrument to sustain investments aimed at economic development in Puerto Rico. The fund would target training programs to close basic skills gaps, capitalization of small businesses, growth through capitalization, and strengthen the assets of the cooperative savings and credit sector, with the goal of fostering a locally integrated economy involving merchants, entrepreneurs, and residents, among other related purposes.

Purpose and Intent

Create a permanent financial mechanism to support ongoing investment in:

Training programs to close basic skills gaps
Capitalization of small businesses
Growth of enterprises through capitalization
Growth of cooperative savings and credit sector assets
Development of a closely integrated local economy with merchants, entrepreneurs, and citizens

Provide a stable, long-term vehicle for economic development initiatives and related activities.

Key Provisions (as described in the bill title)

Establishment of a permanent fund named the Fondo de Inversión Estratégico para el Desarrollo Económico.

Focus areas for investment:

Workforce training to address basic skills gaps
Capital needs of small businesses
Capitalization to enable business growth
Strengthening assets of the cooperative credit sector
Local economic development through collaboration with community stakeholders

The description in the provided material does not include specific governance structures, funding sources, eligibility criteria, administration, or oversight details. Those provisions would be critical for understanding implementation and impact, but are not listed here.

Affected Parties and Potential Impacts

Workers and job seekers: potential access to enhanced training to close skills gaps.

Small businesses: potential access to capitalization and investment support.

Cooperative savings and credit sector: potential asset growth and strengthened capacity.

Local merchants, entrepreneurs, and residents: potential benefits from a more collaborative, locally integrated economy.

Public sector and policymakers: would need to establish governance, funding, and oversight mechanisms if enacted.

Procedural Timeline and Status

Introduced (Radicado): January 2, 2025

First Reading (Senate): January 16, 2025

Referred to Committees: January 16, 2025

Legislative Action: September 29, 2025 — Commission does not recommend approval of the measure (Comisión no recomienda aprobación de la medida)

Current Status: Not recommended for approval by the committee as of the latest action; in its present form, passage is unlikely. The bill could be revised and reintroduced or revived in a future legislative session.

Additional Notes

Specific details on funding amounts, governance, eligibility, reporting requirements, and timelines are not provided in the information available here. Interested readers should consult the full bill text and the legislative tracker for precise provisions and any amendments.

If you’d like, I can tailor this summary to highlight potential fiscal implications or compare it to similar funds in other jurisdictions, once more detailed text is available.

Bill