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INCENTIVES

Full government commitment.

The public policy of the Commonwealth of Puerto Rico is to promote and develop a knowledge based economy. Puerto Rico’s economic development goals are tied to partnerships and coordination with the leading biotechnology corporations of the world. The Island has always offered a package of important ingredients for business success, particularly in the sciences. Our status as a U.S. Commonwealth has enabled Puerto Rico to offer the best of all worlds. Puerto Rico has combined the special benefits of an off-shore location with the important protections of doing business in the United States. Those advantages drove our growth for five decades, and will continue to do so.

Puerto Rico built its business base through unique economic incentives, which attract major investment. We made sure that moving to Puerto Rico and becoming part of the fabric of our communities would be a sound financial decision, particularly as corporations increasingly sought to leave U.S. soil and move overseas to our competitor nations, such as Ireland and Singapore. Puerto Rico’s Commonwealth relationship with the United States has ensured that American workers remained part of the manufacturing process in some of the world’s emerging industries.