Reported 1 day ago
In an effort to rejuvenate its struggling economy, Puerto Rico is actively seeking to attract international manufacturing companies to the island, capitalizing on exemption from tariffs due to the ongoing U.S.-China trade war. With around 75 to 100 companies in sectors like pharmaceuticals and aerospace considering relocation, local officials are promoting the benefits of setting up operations in Puerto Rico while addressing challenges such as chronic power outages and competition from other countries. The government is making concerted efforts to leverage its U.S. status and skilled workforce to entice investment and stimulate growth.
Source: YAHOO