+ 100% growth in local venture capital investments in the last five years
+ $126M in private capital raised by incubator Parallel18 alumni in the last four years
+ 15,000 people have participated in the Puerto Rico Science, Technology & Research Trust’s initiatives that focus on R&D, entrepreneurship, and public health
+ 5k+ are expected to attend the 2022-2024 IoT Innovatech Latam & Caribbean Conference events to be hosted in Puerto Rico
+ Dozens of monthly meetups for blockchain, e-commerce, coding, recreation, and FinTech.
+ Growing number of accelerators & incubators, co-working spaces, and innovation & R&D hubs
+ STEM bilingual workforce
+ Advancements in IoT connectivity continue to surge
+ Broadband connectivity island-wide
+ Coverage by three wireless 5G networks
+ Preferred destination for ICT companies such as Cisco, Oracle, and Honeywell
+ An extensive network of 5G and IoT innovation and R&D centers furthering tech performance and resilience
+ 4% fixed income tax rate on eligible income
+ 100% tax exemption on capital gains
+ 75% exemption on property tax
+ 75% exemption on municipal construction rate
+ 50% exemption on municipal license tax
+ 15-year standard tax exemption grant period, eligible for renewal
+ Up to 50% tax credit on R&D expenditures
+ World-class beaches abound
+ Puerto Rico is known for a friendly, welcoming culture
+ Live surrounded by nature and historical landmarks
+ Right in the middle of the Americas, just a short flight away from the mainland U.S.
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