Entities such as Blue Origin, SpaceX, Northrop Grumman and NASA participated. #NewsismyBusiness
Puerto Rico Gov. Ricardo Rosselló urged Congress to consider Puerto Rico in the federal tax reform and to include the island in the Supplemental Disaster Relief Package that will attend the different natural disasters registered in the nation to ensure equal treatment for American citizens residing on the island.
Representatives from Piloto 151 and Codetrotters were recently invited to the White House, representing Puerto Rico as one of 72 national “TechHire” communities to announce a campaign to place 100,000 Americans into tech jobs by 2020.
Puerto Rico has been announced as one of 19 TechHire communities dedicated to creating pathways for more U.S. citizens to access well-paying tech jobs and expanding local tech sectors in communities across the country, the White House announced Thursday.
Most manufacturing in Puerto Rico is done by subsidiaries of companies based in the States organized in foreign tax havens to avoid Commonwealth as well as federal taxes. Income of the subsidiaries is not federally taxed unless transferred to the parent company, when it would then owe the 35 percent corporate income tax rate.
A team of federal officials representing several agencies will come to Puerto Rico next month to help the local government navigate through the economic crisis, prompting more rumblings of the possibility of a receivership for the island.
U.S. Under Secretary of Commerce Francisco Sánchez urged Puerto Rico Wednesday to take advantage of the recently formed U.S. Corporation for Travel Promotion, which has $200 million to market the mainland and its jurisdictions on a global scale.
President Barack Obama will be landing on Puerto Rican soil at around noon next Tuesday, keeping the promise he made two years ago during a primary campaign stop on the island to come back if he won the elections.
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