Mr. Morales has extensive experience as an economic development practitioner in leading managerial positions, with local governments, business associations and nonprofit organizations. Mr. Morales has focused largely on bringing his leadership to financial industry initiatives, particularly in the community reinvestment area. Until recently, he was an independent consultant on economic development and small business promotion, primarily for the Puerto Rico Manufacturing Extension Inc. (PRiMEX) and Executive Director for Foundation 2010 in Mayaguez.
Mr. Morales has managed or participated in several local and regional economic development and infrastructure projects with an investment of over $200 million. These include, the regional business incubation facilities financed by EDA and the East Central Puerto Rico network; INOVA, the first network of its kind in Puerto Rico for virtual and traditional incubation; ODECUT, a Public-Private development that spearheaded a far reaching initiative to revitalize the City of Caguas’ Downtown District; INTECO, a breakthrough regional, tech-based economic development organization that brings together academia, local governments and the private sector to commercialize new technologies and services; and Workforce Innovations for Regional Economic Development (WIRED), a $5 million regional initiative funded by the US Department of Labor to upgrade the talent development system.
Mr. Morales holds a BSBA in Finance from the University of Puerto Rico at Mayagüez and a Master of Arts in Urban and Regional Affairs from the University of Texas at Arlington.