Tag Archives: incentive

Tax Incentive Association Launches to Promote Puerto Rico

It is wonderful that the smart politicians are promoting incentives to make Puerto Rico an engine for job growth as this will allow more opportunities for Puerto Ricans to not only improve their skills, but also to earn higher salaries.  … Continue reading

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Washington figures propose to spur pharmaceutical manufacturing investment on the island

Let’s hope that PNP representative Antonio “Tony” Soto doesn’t try to block this as he opposes incentives to help Puerto Rico’s revitalization.   If companies get a tax break to bring much needed high paying jobs and investment to Puerto Rico, … Continue reading

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Task Force Created to Lobby for Return of Critical U.S. Manufacturing to Puerto Rico

The Coronavirus problem illustrates it is a no brainer opportunity for Puerto Rico to replace China as the main source of key pharmaceuticals, to reduce the overdependence on China, bringing more jobs to Puerto Rico, speeding delivery of pharmaceuticals to … Continue reading

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Puerto Rico Governor Announces additional $787 million Relief Package Amid Covid-19 Outbreak

If there are 3.1 million people living in Puerto Rico, that equates to about $305 per person.  $787 million plus $160 previously allocated = $947 million/3.1 million people = $305 per person.  This will add close to $1 Billion more … Continue reading

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Pharmaceutical industry: Eyes on Puerto Rico – To reduce overdependence on China for drug supply, increase production in PR with tax incentives

  https://www.elnuevodia.com/english/english/nota/pharmaceuticalindustryeyesonpuertorico-2551776 Pharmaceutical industry: Eyes on Puerto Rico Discussion on new incentives to increase the production of pharmaceuticals on the island after the crisis in China revives Tuesday, March 10, 2020 – 9:04 AM By José A. Delgado The federal … Continue reading

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Act 20, Act 22 bring talented people from the states who hire thousands of Puerto Ricans, invest billions of dollars in PR

This is a great program to help revive Puerto Rico by injecting capital, buying property, cars, household goods, and hiring thousands of Puerto Ricans.  Without these incentives, these talented people would not have been attracted to move to Puerto Rico. … Continue reading

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Puerto Rico’s Slide 5-9-17 Bloomberg

https://www.bloomberg.com/quicktake/puerto-ricos-slide Puerto Rico’s Slide By Michelle Kaske | Updated May 9, 2017 1:54 PM UTC Puerto Rico has the population of Connecticut and an economy smaller than Nebraska’s. It also has more debt — $70 billion — than any U.S. state government except California, New … Continue reading

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How dependence on corporate tax breaks corroded Puerto Rico’s economy

http://www.reuters.com/investigates/special-report/usa-puertorico-economy Puerto Pobre How dependence on corporate tax breaks corroded Puerto Rico’s economy By Nick Brown Filed Dec. 20, 2016, noon GMT The island bet on multinational manufacturers, who bailed when the U.S. repealed a key tax incentive. Meanwhile, frustrated … Continue reading

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