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Puerto Rico Investment Summit seeks to open doors to US market

APRIL 7, 2015 • Caribbean Business

The Puerto Rico Investment Summit - LATAM Edition on May 18 and 19 aims to bring entrepreneurs and investors closer to the options the island offers as a gateway to the U.S., and as an investment destination.

The summit will be held in collaboration with the Puerto Rico Economic Development and Commerce Department (DDEC by its Spanish initials) and will focus on manufacturing, export, film and other tax incentives, as well as the EB-5 federal visa program for foreign investors, and public-private partnerships, among other topics.

DDEC Secretary Alberto Bacó-Bagué and the former president of Chile, Sebastián Piñera, will be at the summit. The conferences will include discussion sessions and opportunities for investment in infrastructure, tourism, manufacturing and technology, among others.

"Puerto Rico offers Latin America and Spain unique advantages. What we look for through these incentives is that companies use our island to do business in the U.S. The gateway is Puerto Rico," Bacó-Bagué said.

"As a U.S. jurisdiction, Puerto Rico offers advantages that no U.S. state can offer: an ideal location; a bilingual population; Latino culture; and with its relationship of more than a century with the U.S., it offers the operational safety and stability of a federal jurisdiction," reads a summit release.

The annual private event was organized this year to take advantage of "the great opportunities for creating professional and business partnerships with Latin America," Adworks Corp., the company in charge of the event, said in the release.

Source: caribbeanbusiness.pr