It was founded in late 2003 by Samuel Jorge Doria Medina Auza, who had broken with the Revolutionary Left Movement earlier that year.

Its mission statement calls for "a democratic Bolivia with solidarity, in full development, respectful of human rights, conscious of its diversity, and forging its own destiny".

[7] In founding the party, cement magnate Doria Medina called for policies to favor "those entrepreneurs who generate employment and are absent from national decisionmaking".

[10] It obtained municipal council representation in La Paz, El Alto, Cochabamba (where candidate Arturo Murillo narrowly failed to win the mayorship but TPC won five of the eleven seats equaling the governing party's share[11]), and Oruro.

In El Alto, Soledad Chapetón was narrowly defeated by MAS-IPSP candidate Edgar Patana, while the party won 3 of 11 council seats.