Puerto Rico has a centuries-old agriculture tradition, but today’s agricultural industries requires an advanced infrastructure that is not very common elsewhere in the world. This is why we have made infrastructure a pillar of our Business Star Proposition.
Puerto Rico offers some of the most attractive tax benefits for agriculture in the Americas. That would explain why our agricultural sector generates more than $800 MM each year, which includes eight of the largest seed production companies in the world. In addition, Puerto Rico has the only year-round mango production farm.
So how do we manage to keep businesses growing all year round? Here’s an overview of some economic benefits your company could enjoy:
Puerto Rico is fully committed to developing an entrepreneurial and productive culture based on quality and competitiveness. We have also invested in maximizing the yield of high potential agricultural soils while developing sustainable operations. Monsanto, Pioneer Hi-Bred, BASF Agrochemical, Bayer-Crop science, Syngenta Seeds, and Rice Tec are among many seed companies that have found the island to be fertile ground for R&D with our tropical weather, consistent water supply, and ease of commerce with the U.S., attractive incentives and top-quality agricultural science talent. Due to weather conditions, 4 to 5 crops could be produced in a year, as opposed to the United States rate of one crop per year.
Also, Puerto Rico ranked first in total crops released in U.S. per APHIS data during the last 5 years. If you are looking for a place with great weather, tax incentives, a U.S. jurisdiction, solid infrastructure, great human capital and a propitious environment for Bio-Agricultural businesses, this is definitely the place.