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The recently announced tax reform should include measures to encourage locally financed enterprises and contain provisions aimed at creating a level playing field for local businesses, particularly small and medium enterprises, said Rodrigo Masses president of the Puerto Rico Manufacturers Association.
Medical device manufacturer Medtronic, in partnership with health insurance provider Triple-S and Salus, inaugurated the first non-occupational health clinic at the plant’s Juncos campus, to serve employees and their families.
The tax reform and the resulting economic development and job creation to our nation included in President Donald Trump’s campaign platform is the best we have seen in any presidential candidate in recent history.
With ongoing negotiations over tax reform, Members of the Congressional Hispanic Caucus Puerto Rico Taskforce sent a letter to Republican leaders in Congress urging the inclusion of tax provisions that will help rebuild Puerto Rico.
The draft bill of the U.S. tax reform being considered in Congress has the potential to “catastrophically impact” the island’s economy, jeopardizing more than 70,000 well- paid jobs and more than 35 percent of the Commonwealth’s budget, Puerto Rico Manufacturers Association President Rodrigo Masses warned Monday.
Pharmaceutical company Amgen, which has a multi-building complex in Juncos, released third quarter results Wednesday, where it confirmed it is back to full operations five weeks after Hurricane María hit Puerto Rico.
Pharmaceutical company Amgen confirmed Hurricane María did not significantly impact its critical manufacturing operations in Juncos, where it employs 2,000 people.
High-tech medical devices manufacturer Boston Scientific is investing $10.5 million and creating 100 new jobs at its Dorado plant, company and government officials confirmed Wednesday.
Girard Manufacturing, a wood office furniture store based in Canóvanas, has filed for Chapter 11 protection at the U.S. Bankruptcy Court, listing more than $3.8 million in debt, according to court records.
Mexican pharmaceutical Neolpharma Group, which began operating in Puerto Rico in 2013, will invest $35 million to expand its Caguas facility, creating 150 new jobs over a 24-month period, company and government officials said.
Puerto Rico Economic Development and Commerce Secretary, Manuel A. Laboy-Rivera said the agency is “focused on continuing to work with the Integrated Economic Development Plan (PDEI) to further increase the island’s manufacturing index to more than 50 percent.
Financial Oversight and Management Board for Puerto Rico Executive Director Natalie A. Jaresko urged local manufacturers to be an “active part of the island’s turnaround."
Medtronic Puerto Rico, a medical technology, services, and solutions company, unveiled Tuesday a 17-acre area comprising 18,000 photovoltaic cells at its plant in Juncos, in the presence of company and government officials.
AT&T has beefed up its mobile internet service at Frenchman’s Reef & Morning Star Marriott Beach Resort, adding a Distributed Antenna System (DAS) on site, the carrier announced Monday.
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