Over the course of 50 years, theDominican Republic's free zone program has
evolved enormously, diversifying not only processes and sectors, but also export
markets. Today, the Dominican Republic’s Free Zones operates 74 industrial parks which
are home to 705 companies, generating more than 175,000 direct jobs and approximately
200,000 indirect jobs. It is estimated that companies that participate in the Free Zones
provide an economic impact that is 10 times higher than the incentives extended to them.
For every RD$1 granted to corporations in incentives, the Free Zones in turn provide RD$10
to the national economy, with a net benefit to the Dominican economy of USD$4.5 billion
At the celebration President Medina recognized business leaders who operate in the Free
Zones who have made great contributions to the local economy, innovation in transforming
the production processes of their sector, in the strengthening and development of supply
chains, initiatives and projects related to social responsibility, President Medina also
awarded companies that have contributed significantly to the growth of exports and the
generation of foreign exchange for the Dominican Republic.
To conclude the night, President Danilo Medina awarded Ms. Luisa Fernández,
Executive Director of the National Council of Free Zones with the Country’s highest honor
given to a public servant, for her exemplary service and dedication to the steadfast growth
of the Country’s globally recognized Free Zone program.