Even before 2012 started it was already shaping up to be a year of “many challenges” for the island’s economy, Puerto Rico Chamber of Commerce President Salvador Calaf said.
Gov. Luis Fortuño promised members of the Puerto Rico Chamber of Commerce that he would be submitting legislation to eliminate commercial property taxes placed on unsold inventory, to improve the local business climate.
The survey that will determine Puerto Rico’s ranking in this year’s World Economic Forum’s Competitive Report has been distributed to members of the local business community, who the Puerto Rico Chamber of Commerce is urging to fill it out to help paint a clear picture of the island’s current standing.