IN THE NEWSWhy so many people have made Puerto Rico home to their businesses...?
Nas Daily caught wind of it all recently. Learn more about the unique set of incentives that can help a business thrive from Paradise.Read All
IN THE NEWS
February 19, 2018
Five months after back-to-back hurricanes decimated Puerto Rico’s already-struggling infrastructure, the island’s governor, the MIT-educated Ricardo Rosselló, told a crowd at a forum in New York this week that Puerto Rico is officially “Open for Business”.
There is no doubt that Puerto Rico has a long, hard slog ahead of it. It was already drowning in debt. Now, as it is struggling to rebuild, hundreds of thousands of residents are leaving for the mainland, and the bankrupt U.S. territory is still working on a fiscal plan. Despite the uphill battle, the attitude at this week’s forum, called “Pathway to the Future”, was optimistic, as attendees expressed their hopes that the private sector could help Puerto Rico rebuild.
“Challenging times create enormous opportunities,” Rosselló said in his keynote address. Those should be enticing words for entrepreneurs. If they’re not—or if you’re feeling particularly Gordon Gekko about it all—keep in mind the words of noted rich person Baron Rothschild: “The time to buy is when there’s blood in the streets.”
Here are some (better) reasons to do business in Puerto Rico right now:
If you’re not looking to do business in Puerto Rico but still want to help, follow the advice of Manuel Laboy, secretary of the Department of Economic Development and Commerce: “You want to help Puerto Rico? Go on vacation there.”