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 […]
The Department of Economic Development and Commerce (DDEC, in Spanish) confirmed that the guidelines are ready to request the “Apoyo Energético” incentive, amounting to up to $25,000, to install sustainable energy systems on small- and mid-sized businesses. This program was developed to help SME’s stabilize their operations, as well as reduce costs and long-term energy […]
The Department of Economic Development and Commerce (DDEC, in Spanish) announced the start of the application cycle for Youth Development Program’s Teodoro Moscoso Scholarship, aimed at students of technical, vocational, or hard-to-recruit careers, or who show economic need, who can win up to $40,000. The awards are divided into two categories — the first is […]
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