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Puerto Rico


QUICK FACTS

  • Total Workforce Size: 1,300,000
  • Unemployment Rate: 13%
  • Literacy Rate: 91%
  • Official Language: Spanish
  • GNI Per Capita: $12,196
  • Ease of Doing Business rank: 47th of 183
  • S&P's Currency Risk Rating: B
  • Economist’s 2010 Democracy Index: 17th of 167 (Full Democracy)
  • Transparency International’s Corruption Perception Index: 33rd of 178, score of 5.8 

Puerto Rican Director of Economic Development Talks Outsourcing

                     

Not all offshore locations for business are outside the U.S. Juan Aguayo of the Puerto Rican Department of Economic Development and Commerce spoke with AVweb's Russ Niles about the benefits of setting up shop in the U.S. territory.

Here are some of the key benefits that Aguayo mentioned:
  • Puerto Rico provides cash grants and tax incentives to start up a business.
  • Just as if you were operating in the US, PR has similar regulations, IP Protection, and legal requirements. 
  • For companies interested in leasing commercial space in Puerto Rico provides funding to revamp office buildings.
  • Puerto Rico offers highly trained laborers for engineer and design and parts and manufacturing. Puerto Rico’s School of Engineering Mayaguez is one of the best in the nation, attracting recruiters from companies like NASA and Lockheed Martin.  




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