Invest Puerto Rico (InvestPR), the island’s business attraction organization, presented its annual report for Fiscal Year 2023, which summarizes the organization’s activities for the past year that contributed to the establishment of over 550 new businesses; commitments by companies of nearly 6,000 jobs; and over $416M in capital investment.
Invest Puerto Rico (InvestPR), the island’s economic development organization, presented to its Board of Directors its annual report for fiscal year 2022, as mandated by law. The report, a copy of which is also submitted to the governor of Puerto Rico, Pedro Pierluisi, summarizes InvestPR’s activities over the past year and how they contributed to furthering its mission of promoting Puerto Rico as a competitive investment jurisdiction to attract new business and capital investment to the island.
Invest Puerto Rico is interested in identifying the issues that may cause employers doing business in the United States not to authorize employees to work remotely from Puerto Rico when they so allow it from other jurisdictions within the United States.
The past year was anything but business as usual. The pandemic profoundly impacted all aspects of life and its effects will be felt for years to come. At Invest Puerto Rico (InvestPR) we leveraged the worldwide reset to redefine and demonstrate our value in positioning the Island globally for investment attraction, establish and cultivate important relationships, and elevate our role as a highperforming economic development organization.
Puerto Rico boasts a highly talented workforce, with especially strong concentrations in technical, engineering, and BioScience professions. While recent natural disasters have caused an outmigration to the mainland, the growth of key sectors of the economy, an enthusiastic & engaged diaspora community of Puerto Ricans, available workforce development resources, and strong academic centers have all contributed to the growing pool of skilled workers that are eager to participate in the local economy in the years since.
An analysis of the Island’s sector competitiveness and recommendations for driving economic transformation