The project includes an investment by BD of nearly $16 million for equipment, construction, worker retention, and job creation. The DDEC will put up $7 million in incentives.
“Retaining the existing population and attracting people to return is crucial to strengthening the economy and the manufacturing industry, which accounts for about 46% of the country’s income. This effort requires a multisectoral approach that encompasses both social and economic factors.”
— Ramón Vega-Alejandro, executive director, Puerto Rico Manufacturing Extension (PRiMEX)