P.R. Laws tit. 23, § 5052
The functions of the Corporation shall be directed to promoting the social and economic development of the District, so that community and physical development advance concurrently and in accordance with the following goals:
(1) To systematically direct and use the economic activity to generate internal capacity and development in the District.
(2) To maximize the internal circulation of the income generated within the District to increase its multiplier effect and to contribute toward the accumulation of internal capital through the creation of community financing mechanisms.
(3) To provide continuing support to the integration and participation of residents in the economic activity, whether as potential entrepreneurs, operating entrepreneurs, employees or owners of capital assets.
(4) To use all types of interventions from the public and private sectors in the District in order to develop the social capital and internal institutions of the community.
To achieve these goals, the Corporation shall:
(1) Support residents in their economic endeavors, by providing, among others, services such as:
(a) Entrepreneurial training for the establishment of profit and nonprofit resident-owned enterprises and self-employment;
(b) employment training;
(c) referrals to jobs and employment opportunities;
(d) revolving fund for financing;
(e) portfolio of contracts that provide business opportunities for resident-owned enterprises;
(f) list of works, projects and programs that may be performed by community enterprises;
(g) operational and administrative support for the District’s enterprises;
(h) orientation for housing owners;
(i) mechanisms to increase the amount of resident-owned capital goods, and
(j) mechanisms, procedures and guidelines to define, facilitate and supplement the establishment of joint ventures in the District.
(2) Support the social development of the community by providing, among others, services such as:
(a) Support and coordination of efforts for consolidating and strengthening community-based organizations and the G-8, including leadership training and the creation of support networks;
(b) the creation of formal and informal instances and spaces for the residents to share and interact;
(c) the design and implementation of mechanisms to support the development of a culture of appreciation and attachment toward the community;
(d) the creation of community support networks for individuals, families, and the elderly who are affected by the Project or who have special needs, and
(e) the design and implementation of a system of indicators to evaluate the public, environmental, economic and social health in the District.
History —Sept. 24, 2004, No. 489, § 23; renumbered as § 26 and amended on Aug. 14, 2013, No. 104, §§ 14, 18.