Puerto Rico Gov. Ricardo Rosselló submitted a new Incentives Code Bill to the island’s legislature, looking to “establish a new transparent and efficient process for the granting and overseeing of all incentives.”
Gov. Ricardo Rosselló’s administration has put together a list of incentives granted to different sectors and companies that do not offer a return on investment to the public coffers, and will recommend their elimination.
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.