Green Energy Fund application deadline set for Oct. 27
September 14, 2017
The State Office for Energy Public Policy (OEPPE, by its initials in Spanish) announced it has postponed the deadline to apply for Green Energy Fund incentive to Oct. 27.
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Gov’t starts rapid response to help employers, workers
September 9, 2017
Economic Development and Commerce Secretary Manuel A. Laboy-Rivera announced today that the agency has activated rapid response services under the Workforce Development Program to provide guidance and services to employers and displaced workers affected directly or indirectly by hurricane Irma.
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SMEs can get up to $50K in marketing, export incentives
August 15, 2017
The Puerto Rico Industrial Development Company announced the start of sessions to inform small and mid-sized businesses getting agency assistance on the availability of special incentives to export and market their goods and services.
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Rosselló signs trio of economic development measures
July 12, 2017
Gov. Ricardo Rosselló signed three legislative measures that seek to stimulate the economy and create new jobs in Puerto Rico, with special emphasis on small and medium enterprise, or SMEs.
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Bill studies plan to collect old State Insurance Fund debt
June 8, 2017
The House Labor Affairs Commission on Wednesday held a hearing on Bill 1096, which seeks to establish an incentive plan to benefit employers insured or uninsured with the State Insurance Fund (SIF), and shore up some $20 million for the public agency.
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Velázquez bill would boost P.R. small business growth
May 19, 2017
The top Democrat on the House Small Business Committee, Rep. Nydia M. Velázquez (D-NY), unveiled Thursday an array of legislative proposals aimed at igniting small business growth and entrepreneurship in Puerto Rico.
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Rosselló certifies 260 co.’s creating 1K jobs islandwide
May 17, 2017
Gov. Ricardo Rosselló announced Tuesday the certification of 260 companies that are creating more than 1,000 jobs islandwide in the areas of sales, service and manufacturing.
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González promotes manufacturing incentives for P.R.
March 13, 2017
Puerto Rico’s Resident Commissioner in Washington, Jenniffer González-Colón, has filed legislation to extend indefinitely the application of Internal Revenue Code Section 199 in Puerto Rico, together with co-sponsors congressmen Carlos Curbelo (R-Florida 26), John Lewis (D-Georgia 5) and José Serrano (D-NY 15).
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Op-Ed: What we can do for ourselves to boost economy?
September 20, 2016
Everybody is “waiting” for the Fiscal Control Board in hopes that it will “give” us something. It remains to be seen which programs they would implement, etc. But why can’t we do something for ourselves?
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Op-Ed: Why is it ‘yes’ to them and ‘no’ to us?
July 7, 2016
For years it has been a customary practice to provide incentives to large foreign companies and chain stores that decide to land in Puerto Rico, from the very moment they plan to settle here.
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Impact of 900 co.’s under Laws 20/22 pegged at $1.4b
January 27, 2016
In the two years since the government passed Laws 20 and 22, some 900 companies have gotten decrees and generated more than $1.4 million in economic activity in Puerto Rico through new operations and exports, a study revealed Tuesday by the Economic Development and Commerce Department showed.
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Puerto Rico Investment Summit slated for Feb. 26-27
January 7, 2015
The 2015 Puerto Rico Investment Summit has been scheduled for Feb. 26-27, less than a year after the first event in the series was held in April 2014, in collaboration with the Department of Economic Development and Commerce.
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Housing sector, gov’t to pursue $400M in federal credits
November 25, 2014
Puerto Rico’s contractors, developers and representatives from the Housing Finance Authority will pursue some $400 million in federal credits available to build rental properties on the island.
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Tax Credits Int’l sets up Puerto Rico headquarters
November 20, 2014
Tax Credits International Inc. announced Wednesday the establishment of its world headquarters in Humacao, on Puerto Rico’s eastern end.
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Agriculture Dept. reviewing milk, coffee prices
May 12, 2014
The Agriculture Department is currently reviewing milk and coffee prices to determine whether increases are necessary for the products that are staples for Puerto Rican consumers. The results for both reviews should be ready by summer, agency Secretary Myrna Comas said.
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