Puerto Rico’s capital granted 51 decrees, leading to some $38 million in investments and 1,600 jobs, Mayor Miguel Romero said. #NewsismyBusiness
An audit revealed gaps in compliance and regulation for incentives under acts 20 and 22. #NewsismyBusiness
The Department of Economic Development and Commerce (DDEC, in Spanish) has revoked 121 tax incentive decrees to Act 22 (now Act 60) beneficiaries who failed to submit annual reports to the agency, as the law required. Carlos Fontán, director of the DDEC’s office of business incentives in Puerto Rico, said in April, the agency began […]
New businesses Primevet, Dismart, NTSPR and Puerto Rico ASC Holdings signed, along with Mayor William E. Miranda-Torres, Socio-Economic Incentives Code decrees representing a committed investment of $3.6 million in the traditional urban center and $5.4 million in other areas of the city.
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