The Puerto Rico Science, Technology and Research Trust Grant Program awarded $3.1 million to 26 science and technology research projects, including the “Advanced Research Grant” that promotes cutting-edge research in various areas of science and technology with $150,000 to each winner. The Catalyzer Research Grant was also awarded, which conferred $70,000 to each recipient and […]
Looking to diversify Puerto Rico’s economy, the Department of Economic Development and Commerce will promote and market the island as a mega-yacht destination, which has the potential to generate $61 million in revenue. “Our mission is to implement and supervise the execution of Puerto Rico’s public policy on economic development in the various business sectors. […]
The government of Puerto Rico will establish work groups comprising local and federal officials, as well as private-sector executives, to brainstorm on potential alternatives to offset the loss of federal credits granted for taxes paid by manufacturing companies under the Commonwealth’s Law 154. The tax credits, which will be phased out by the U.S. Department […]
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