Tag Archives: incentives

The federal analysis advances to bring far more pharmaceutical manufacturing to Puerto Rico

https://www.elnuevodia.com/english/english/nota/thefederalanalysisadvances-2575751 The federal analysis advances Jenniffer González is optimistic and Senator Wicker introduced legislation Monday, June 15, 2020 – 10:09 AM By José A. Delgado Jenniffer González (GFR Media) Washington – Resident Commissioner Jenniffer González believes the federal analysis on … Continue reading

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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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Puerto Rico government boasts about filming of ‘The Baker and the Beauty’ comedy series

Incentives bring jobs and economic development to Puerto Rico, which is needed to revitalize Puerto Rico’s struggling economy.  The Puerto Rican government should increase the incentive programs.    Most of the incentivized activity would not have occurred in Puerto Rico without … 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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Concerns grow as Puerto Rico to spend $2B to fight COVID-19

$2 billion divided into an estimated 3.1 million people living in Puerto Rico equals $645 per person.  Yet, of course, not everyone will receive $645 directly, as some receive far more and some receive nothing. https://www.dailymail.co.uk/wires/ap/article-8320763/Concerns-grow-Puerto-Rico-spend-2B-fight-COVID-19.html Concerns grow as Puerto … 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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Coronavirus shows US needs to restore pharmaceutical production — in Puerto Rico

Excellent article shows how dependence on China for medical supplies & drugs, as 2 examples, are dangerous since over-reliance on outside countries can prevent the supply chain from operating to supply whatever is needed in a timely manner. https://nypost.com/2020/03/07/coronavirus-shows-us-needs-to-restore-pharmaceutical-production-in-puerto-rico Coronavirus … 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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