The Center for the New Economy, a non-partisan, non-profit group focused on economic research and policy development, just marked ten years since its birth as Puerto Rico's first think tank. Founded in 1998 by Miguel A. Soto-Class, the Center immediately gained traction, earning a Ford Foundation grant just a year later and forming collaborative relationships with prestigious organizations such as the Brookings Institute. The Center's work has also been consistently referenced in countless leading American and Caribbean publications, testifying to its role as a definitive authority on the rapidly changing economy in Puerto Rico. Soto-Class conceived of the Center as an independent body, designed to work with both the public and private sectors, with the goal of generating innovative economic development strategies to benefit the island's residents.
Based on the principles of a "strong and progressive free enterprise economy," the Center stands firmly by the basic tenet that it's the majority, not the few, who should be able to participate in and prosper from the formal economy. The aim of its research is three-fold: To understand today's economy and propose creative policies for Puerto Rico's role therein; to discover ways to provide meaningful involvement for the underprivileged; and to transform the island's non-profit sector into a source of economic vitality. As part of the commemoration of the milestone anniversary, the Center commissioned a limited edition notebook to distribute to friends and supporters. Customized detailing accentuates the blank pages--a tabula rasa, a space for the brainstorming and problem solving that characterize the Center's undertaking. Over the last decade, the Center has proven to be an indispensable resource for any institution interested in understanding, reporting on, participating in, or shaping Puerto Rico's economy.