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2 years ago
Puerto Rico tax incentives created estimated 5,800 jobs - study
January 26, 2016 / 3:49 PM / 2 years ago

Puerto Rico tax incentives created estimated 5,800 jobs - study

Jan 26 (Reuters) - Tax incentives enacted by Puerto Rico in 2012 to help spur the island's economy have generated an estimated 5,832 jobs, and could create about 56,000 by 2024, according to a study commissioned by the island's department of economic development and commerce.

People who have come to the island under Act 22 have spent about $266 million in real estate, and generated $228 million in planned capital investments in the troubled U.S. commonwealth, according to the study by the economic consulting firm Estudios Tecnicos. (Reporting by Nick Brown)

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