Free Zones Impact Data

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Free Zones Impact Data

FDI flows to the Dominican Republic have been trending upwards for the past decade. In 2018, the Dominican Republic had $2.535 billion USD worth of investment, making the country the largest recipient of FDI in the Caribbean and ninth largest in Latin America. In total, it received 44% of the investment within the subregion. The Free Zones were a major contributor to this success, accounting for 9% of FDI to the country.

Economic Impact

In 2019, the Dominican Republic Free Zones celebrated 50 years of business success. During this time period, they have attracted investments from global corporations such as Timberland, Baxter, B Braun, Johnson + Johnson, Hanesbrands, and more. This has led to the direct impact of more than 170,000 jobs for local Dominican citizens, providing a source of income and quality of life that may not have been realized if not for the zones.

It is also estimated that companies that participate in the Free Zones have an economic impact that is 6 times higher than the incentives extended to them. For every $100 RD granted to corporations in incentives, the Free Zones in turn provide $620 RD to the national economy, with a net benefit to the Dominican economy of $41.7 billion RD.

Social Impact

The Free Zones offer more than just economic stability for the Dominican Republic, they also uplift the community and invest in social causes. Each zone does their part to contribute to the greater good by undertaking different programs and efforts tasks to reach their goals.

Initiatives can be broken down into 4 major groups:

Entrepreneurship and Business Incubation
Continued investment in the Dominican business community is central to the mission of the Free Zones. Programs that have come as a result of this effort include; Entrepreneurship Programs for SMEs, ALTICE Start Lab Bootcamp for Entrepreneurs, and Program for Future Businessmen to name a few.
Education
The Free Zones are dedicated to improving and increasing educational opportunities for Dominican citizens. They have created programs such as Living Values - Parent Program, Alerta Joven Program - USAID, and Education for Employability.
Environment
Investing in the health and longevity of the environment, the Free Zones perform tasks such as planting trees, installing solar panels, and establishing water funds.
Health and Wellness
To increase access to quality healthcare, the Free Zones have started programs such as Primary Care and Rehabilitation Centers, Breast Cancer Prevention, and Anti-Leprosy Patronage.

Contact

About

For 50 years, the Dominican Republic Free Zone platform has worked to promote global business and improve productivity through their comprehensive incentive offering and supportive business environment. Today, they are home to over 700 international companies and continue to provide the necessary tools to help companies grow and thrive!

  • (809) 686 8077

  • 61 Leopoldo Navarro, San Rafael Building, 5th floor, Santo Domingo, Dominican Republic 21430