The new fiscal year that starts July 1 will make $11 million in incentives available to businesses looking to invest in renewable energy projects, Economic Development and Commerce Secretary José Pérez-Riera said Thursday.
The Private Sector Coalition unveiled a strategic plan Wednesday that includes “concrete proposals” to draw attention to unattended sectors and make way for new development standards and job creation to stimulate the economy in the short and long term.
Resident Commissioner Pedro Pierluisi introduced Thursday the Puerto Rico Investment Promotion Act, which seeks an amendment to the U.S. Internal Revenue Code to open the door for job creation and strengthening the island’s economy.