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Click to edit Master text styles Vieques and Culebra Task Force.

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1 Click to edit Master text styles Vieques and Culebra Task Force

2 Click to edit Master text styles Leverages and enhances the unique assets, amenities and attractions of all three Premiere ”Eco-Tourism” Potential at the Foothills of El Yunque National Forest Prime Launch point or “portal” to the adjacent Islands and the Caribbean Catalyst to the Neighboring Resorts and Tourist Attractions Green Triangle/Triangulo Verde Roosevelt Roads, Vieques, and Culebra identified as key focal areas for Economic Development of the Eastern Region

3 Click to edit Master text styles Act 153 calls for DDEC to establish an economic development plan with regulations that rule over the land use plan, as well as other commercial establishments, special community programs, healthcare reform, educational reform, and everything related to infrastructure, tourism and others Designate an Executive Director to focus on Vieques and Culebra initiatives, someone who thoroughly understands the intricacies of such islands Develop mechanism to stimulate entrepreneurship and creation of small businesses by providing access to capital Increase air access to Vieques and Culebra - PRTC Coop marketing program $1 per seat Revise Land Use Plan with the support of Vieques and Culebra municipalities Create a detailed tourism development plan which includes territorial plans of where to place hotels and attractions Manufacturing Initiatives 3 DDEC spearheads initiatives for the development of Vieques and Culebra Vieques and Culebra Objective: Development Strategy: Act 153 08/2002 Vieques and Culebra Implementation of Act No.153 of August 10th 2002

4 Click to edit Master text styles Project Description: Develop a public/private structure to provide the community with access to capital for sustainable businesses − Loans up to $25,000 −Economic Development Bank is the lender −Structured training sessions are a prerequisite for EDB to process the loan application Objectives: Stimulate the creation or expansion of Tourism related business Provide adequate training during all steps of the businesses development cycle Progress and Results: The Government of Puerto Rico has allocated $2 million through the EDB to $100,000 have been approved for training sessions on how to create a business plan and how to build your own business, as well as how to manage it when it is operational Over 100 Viequenses and Culebrenses have passed through the training session and have created their business plans during our first two training sessions −Participants left the session with printed business plans and loan applications filed with the EDB Topic Description Vieques and Culebra Economic Development Projects – Develop mechanism to stimulate entrepreneurship and creation of small businesses by providing access to capital 4 Culebra Training Vieques Training

5 Click to edit Master text styles Vieques and Culebra Micro-loans Program 5 Amount Up to $25,000 Rate Variable interest rate of 2% over prime Term 3 – 5 years with up to 3 months interest only Wellness3 Transportation11 Hotel / Guest House8 Beach Entertainment10 Tours9 Restaurants22 Stores11 Services9 Agriculture5 Puerto Rico Crafts - "Artesania"2 Others - Gas Station & VAL8 Total98 Loan Terms Type of Business Impacted Participants

6 Click to edit Master text styles Vieques and Culebra Microloans Program Access to training and financing where the public left the sessions with a complete business plan and loan applications filed with the Bank 6 Vieques Business – program participant Homeless Dog Café – Culebra catering service On the spot creation of business plans Training in Culebra Dec. 2010

7 Click to edit Master text styles 7 Vieques Training On the spot creation of business plans Culebra Training Vieques and Culebra Microloans Program Access to training and financing where the public left the sessions with a complete business plan and loan applications filed with the Bank Mar. 2011

8 Click to edit Master text styles Vieques and Culebra Support the Vieques and Culebra Executive Director on efforts to develop both islands Assist in promoting DDEC’s access to capital initiative EPA and White House support in requesting FAA’s approval to accommodate the category B-III aircraft service (airplanes with 30+ seats) in the Antonio Rivera Rodriguez (VQS) Airport Cooperation and support from local municipalities with the revision of the Land Use Plan – DDEC is financing the revision of the study for the municipalities Collaboration in keeping Vieques and Culebra up to speed with its tourism offering – Enhancement of Bio Bay access – Renovation (“face lift”) of Esperanza Pier to accommodate Seadreams requests – Cleanliness of beaches and public areas – Recycling opportunities Collaboration with EPA/PREQB/NAVY to accelerate Superfund site cleanup Collaboration Opportunities and Next Steps 8

9 Click to edit Master text styles Vieques and Culebra Task Force


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