A team of economic development experts from Puerto Rico announced the launch of the Tax Incentives Association (TIA), a nonprofit association created to educate, investigate, analyze economic results and serve as promoters of Puerto Rico’s economic development through the attraction of new and diverse investments into the island. TIA’s vision is to “have Puerto Rico’s tax incentives as the cornerstone of the island’s offer for incentive attraction and the engine of its economic recovery,” the organization said. During its inaugural conference at Piloto 151’s Old San Juan
Icahn Automotive, an Icahn Enterprises L.P. company, which owns and operates Pep Boys, has completed its acquisition of Tecnicentros Mundial, a six-location automotive service chain in Puerto Rico.
Sojitz de Puerto Rico, parent company in charge of its distribution in Puerto Rico, announced the launch of its luxury car brand Genesis. The introduction to the local market is coupled with the
Puerto Rico’s new car sales took a slight hit in 2019, when 106,606 units were sold, representing a 1.2% year-over-year drop when compared to the 107,941 vehicles sold in 2018, the United Automobil