ABOUT HEIDIE CALERO

• University of Puerto Rico – School of Law
  Received Juris Doctor Degree in 1980.
• University of York – England (U.K.)
  Received Master of Philosophy in Economics in 1974.
• University of Puerto Rico
  Received Bachelor of Arts in Economics, Magna Cum Laude in 1969.
• Various short courses and seminars on continuing education.

• Lecturer of Managerial Economics, Graduate Level, Central Bayamón University, 1997 and 1998
• Lecturer of International Trade, BA level, University of Puerto Rico, Río Piedras Campus, 1975
• Lecturer of Macroeconomics, BA level, University of Puerto Rico, Río Piedras Campus, 1974
• Often invited to give presentations to university students and other professional organizations on various economic and policy issues.

Heidie Calero is an experienced economist, graduated from the University of York in England and a lawyer, graduated from the University of Puerto Rico, Faculty of Law and admitted to the PR Bar Association. Before founding HCCG in 1993, she was President, Chairperson, and Partner at Estudios Técnicos, Inc., a consulting firm in Economics. This experience enhanced her project management in diverse economic sectors as well as supervisory management and administrative skills applied to a small firm. Prior to that, she had been Senior Vice President at Drexel, Burnham, Lambert, PR and Executive Vice President in charge of the investment-banking firm of Salomon Brothers, Inc. in Puerto Rico. This experience with two of the top multinational investment bankers in the US enabled her to gain insight into financing major projects for both the public and private sectors. During the six years prior to investment banking, she established and directed the Economics Department for Citibank in Puerto Rico. From this position, she distinguished herself by combining a solid economic background and successfully translating it into pragmatic research applicable to a financial institution.  Her major accomplishments in the above-mentioned positions include successful economic presentations to lobby on behalf of specific legislations, such as, Section 936 of the US Tax Code; PR’s Closing Law; local minimum wage; PREPA’s subsidy on residential electricity; DACO’s regulations for school textbooks; economic presentations, and forecasting for financial institutions, multinational corporations, and professional associations, among others.

Heidie Calero has prepared numerous feasibility studies for residential projects, shopping centers, hotels, entertainment parks, small loan companies, mortgage banks, time sharing vacationing complex, manufacturing of fashion jewelry, manufacturing of coins and medals in precious and semi-precious metals, flea market, clinical and imaging laboratories, hospitals, urban centers, and master plans for waterfronts, among others. Market studies include radio, tourism, services, commerce, fast food chains, supermarkets, cinemas, continuing education for professionals, Section 936, construction, automobile market, real estate market, gas industry, sand mines market in PR, corrugated cardboard manufacturing, beer market, banking, financial model used in the privatization of CANTV, the telephone company in Venezuela, financial model for the small loan industry in PR, and market research for selected prescription drugs, among others.
HCCG has also conducted cost-benefit and economic impact studies for infrastructure projects, shopping centers, and other major investment projects. Another area of expertise is in litigation support in cases of loss of income, damages, Law 75, labor discrimination, lawsuits against investment banking institutions, monopoly and competitive concentration, among others.

Heidie Calero has developed a macroeconomic model for the PR economy; a car market forecasting model; quarterly indices for the PR economy, a market potential index, and various demand and financial models for selected clients, among others. As a widely recognized and respected professional, she is frequently asked to be a speaker in meetings and workshops of professional and trade associations, corporations, and non-profit institutions.