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Challenges Facing Manufacturing in Puerto Rico. What Puerto Rico must do to remain competitive. Agenda. Education Government Operating Limitations Business Community Protection?. Education. We need to keep kids in school longer. Make it interesting, go back to trades teaching. - PowerPoint PPT Presentation
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Challenges Facing Manufacturing in Puerto Rico
What Puerto Rico must do to remain competitive
Agenda
• Education• Government• Operating Limitations• Business Community• Protection?
Education
• We need to keep kids in school longer. Make it interesting, go back to trades teaching.
• We have excellent universities however we need more trade school exposure (application of how to work in industry)
• How to live in a highly populated area. Common etiquette. (I relate this to being service oriented).
Literacy levels % of population older than 10 years
35.1%
10.8% 8.5%
1940 1970 2003E
% of Education Budget allocated for Teacher salaries
64%
35%
Average OECD Puerto Rico
College Board Aptitude Test Results
554538
466 465461 456 445 445
300
350
400
450
500
550
600
1983 1990 2000 2004
Math ReasoningVerbal Reasoning
High level of School Dropouts
19% 19% 21%
38% 38% 40%
58%
13%
USA Germany Japan
Source: Organization for Economic Cooperation and Development (OECD), Education at a Glance 2001; A T Kearney Analysis
Canada France UK PuertoRico
Italy
Government
• Needs to handle employment without robbing Peter to Paul (recent employment incentive) Can actually hurt current businesses.
• Should invest in internships• Permit processes (?)• Governments inability to understand business.• Crime (whom would want to live here?)
Governmental employment
USA
6.5
12.2
12.7
13.5
14.6
15.6
16.2
17.5
17.8
19.1
21.5
25.3
Source: OECD Labor Database; PR Labor Department, Establishment Survey; A T Kearney Analysis
% empleo total 2000
Puerto Rico
Turkey
Canada
Check Republic
Ireland
USA
Italy
New Zealand
Germany
Spain
Netherlands
Korea
Homicides per 100,000 population
19.6
5.9
3
18
Puerto Rico USA Chile Mexico
Operational Limitations
• Electrical (nothing new here)• Labor Laws (Ability to arbitrate, not pay) • Benefits (Xmas Bonus)• Municipal Taxes on Inventories
Our Electrical
Guaynab
o
Colton (7
004)
Oaklan
d (7031)
Red Lio
n (7037)
Treich
lers (
7043)
New Prag
ue (7029)
Macon (7
025)
Columbus (7005)
York
(7045)
Martins C
reek (
7026)
Tampa (
7042)
Loudonville (
7024)
Decatur (
617)
Commerce C
ity (5
240)
Hastings
(7017)
Denve
r (7010)
Chester
(7003)
Omaha 1
6th St (7
032)
Sherm
an (7
040)
Omaha C
St (7
033)
Saginaw
(7039)
Alton (7
001)
Fremont (7
013) $-
$0.05
$0.10
$0.15
$0.20
$0.25
$0.30
FEB 13)
P6 (Nov12)
Comparative to other MIlls
Guaynab
o
Hastings
(7017)
Martins C
reek (
7026)
Commerce C
ity (5
240)
Colton (7
004)
Alton (7
001)
Oaklan
d (7031)
Decatur (
617)
Tampa (
7042)
New Prag
ue (7029)
Saginaw
(7039)
Columbus (7005)
Omaha C
St (7
033)
Chester
(7003)
Sherm
an (7
040)
Macon (7
025)
York
(7045)
Denver
(7010)
Omaha 1
6th St (7
032)
Fremont (7
013)
Loudonville (
7024)
Red Lio
n (7037)
Treich
lers (
7043)$0.00
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
$350,000.00
$400,000.00
$450,000.00
$500,000.00
(FEB13)
P6 (Nov12)
New business creation per million in population
Source: National Science Foundation; U.S. Small Business Administration; OECD;IADB; A T Kearney Analysis
PuertoRico
Mexico USA. Chile Ireland Singapore
2,4552,330
532346303225
Additional
• Business Community is real separated, each have their own focus (How Many Org)
• DRCAFTA
• Data from: Alianza Para Dessarollo De Puerto Rico
• ConAgra Mills• OECD Org for Economic Development