WEBINAR

Turning Waste into Wealth: Driving Innovation in Puerto Rico’s Circular Economy

Bioscience

It’s In Our DNA

Puerto Rico: A Leading Bioscience Hub for Over 65 Years

For more than six decades, Puerto Rico has established itself as a prominent bioscience hub, earning the reputation of being the “Medicine Cabinet of the USA.” With a rich history and expertise in the industry, the island offers a foundation for innovation and growth.
#1
bioscience manufacturing hub in the U.S.
75%
share of FDA Class III device manufacturers in Puerto Rico
30
medical device companies operating on the island

Benefits of Operating In Puerto Rico

Puerto Rico has demonstrated excellence in sterile manufacturing for more than 30 years. Of the 15 top-selling pharmaceutical products in the world, eight are made in Puerto Rico. Why do top biosciences firms choose to have operations in Puerto Rico?

  • A U.S. territory governed by U.S. Federal Law, in which industries are federally regulated and have FDA coverage protection. 
  • Puerto Ricans are US citizens
  • Currency is the U.S. dollar
  • Part of U.S. free trade agreements and has no customs for US citizens with domestic access to the US
  • Has unique strengths in all five subsectors of the BioSciences industry: drugs and pharmaceuticals, medical devices and supplies, agricultural biotechnology, R&D, and logistics. 
  • 8 CMO companies with services ranging from Biologics, OSD manufacturing, and micro labs services 
  • 6th highest concentration of scientists and engineers in the world  
  • Ranks 1st in the U.S. in concentration of pharma and medical device experts 
  • Unique Tax Incentives in Manufacturing and Research & Development 

The Building Blocks for Success

Pharmaceutical Medical Device Research & Development Logistics Agricultural Biotechnology
Pharmaceutical

Support networks are available for every stage of the pharmaceutical business, from planning and designing to construction and plant management.

Medical Device

Professional expertise and local excellence in medical device manufacturing and regulatory compliance has made Puerto Rico home to 11 of the top 20 Class III device manufacturers.

Research and Development

Public and private universities focus on engineering, biomedical sciences, and best business practices.

Logistics

A sophisticated logistics system is designed for the high-security transfer of controlled substances.

Agricultural Biotechnology

Ten ag-bio stations and year-round farming cycle offer excellent research and growing conditions.

Bioscience Landscape

Manufacturing in Puerto Rico

The dependence on China for some of our most basic medicines and equipment during a health crisis revealed an untapped opportunity in Puerto Rico. With substantial pharma and medical device facilities, the island is positioned to boost the production of critical supplies, attract additional manufacturers, and continue to grow as one of the United States’ essential manufacturing hubs.

Bringing bioscience manufacturing back to the United States is a concrete way to strengthen the supply chain.

*SOURCES: New York Times (March 2020), U.S.-China Economic and Security Review Commission (December 2020), Council on Foreign Relations (Aug. 2019)Nikkei Asia (August 2020), GAO report (December 2019).

Business Climate ❯

Puerto Rico’s future is here today. The island accounts for a 60+ legacy of excellence in bioscience and offers a wealth of opportunities in diversified sectors from technology, financial & professional services to entrepreneurship.

Talent & Education ❯

More than 80 local universities graduate 50% of students in the STEM fields in Puerto Rico. This propels an able workforce with a robust academic backbone that contributes to a large pool of talented workers.

Tax Benefits & Policy ❯

Puerto Rico Incentives Code (Act 60) accelerates economic growth by fostering investment, innovation, export, and job creation. Individuals sourcing their income from Puerto Rican companies are exempt from federal income taxes.

Infrastructure & Logistics ❯

Puerto Rico has been a world-class business hub for decades. More than ever, businesses are attracted by the new infrastructure and sophisticated logistics capabilities with accessibility to U.S. cities, Europe, and Latin America.

Innovation and Entrepreneurship ❯

A combination of start-up incubators, incentives, shared workspaces, and a tropical lifestyle has created a global hub for entrepreneurs. The island features abundant resources and compelling incentives.

Recovery & Resilience
In the realm of resilience, Puerto Rico’s bioscience sector stands strong, exemplifying adaptability, leveraging technological advancements, and embracing innovation in the face of challenges.
Organizational Support ❯

A variety of industry associations support companies and entrepreneurs, and a robust network of government offices, community groups, and universities are available to assist.

Lifestyle ❯

Experience Puerto Rico’s rich culture with access to beaches, mountains, rainforests, live music, dancing, street festivals, delicious food, and so much more!

Single Business Portal

Entrepreneurs and innovators that are ready to invest and transform their businesses in Puerto Rico can access the Single Business Portal (SBP). The Single Business Portal helps you navigate the ins and outs of getting your project off the ground, offering information, documents, permits, and licenses – all in a streamlined and efficient tool.

Companies already doing business in Puerto Rico

Download Sector Sheet

Ready to Invest in Bioscience?

Fill in your details so one of our Business Development associates can contact you, or feel free to reach out.

Alexis Rivera

Business Development Director
+1 (787) 966-7642 ext. 310
arivera@investpr.org