Puerto Rico Economic Development Act

The Puerto Rico Economic Development Act is a legislative initiative aimed at boosting economic growth in Puerto Rico. It offers tax incentives and financial support to attract businesses and investors to the island, particularly in sectors like manufacturing, technology, and tourism. This act seeks to create jobs, stimulate local industries, and enhance the overall economy, especially in the wake of economic challenges and natural disasters that have impacted Puerto Rico in recent years. By fostering a more favorable business environment, the act aims to promote sustainable development and improve residents' quality of life.