23
NOV 2016
Alejandro García Padilla, Governor of Puerto Rico, visits ONTIER: “Puerto Rico offers quality workforce, tax advantages and political stability”

Alejandro García Padilla, Governor of Puerto Rico, visits ONTIER: “Puerto Rico offers quality workforce, tax advantages and political stability”


Spain
This morning Alejandro J. García Padilla, Governor of the Commonwealth of Puerto Rico, stopped by ONTIER’s Madrid office as part of his trip to Spain to promote investment in Puerto Rico.

The meeting was organised by ONTIER together with the Iberian Division of the Latin American Business Council (Iberian CEAL). The purpose of this business meeting was to become a platform for the exchange of ideas, for strengthening alliances and for identifying business opportunities.Puerto Rico is one of the greatest locations in terms of yield potential within the current USA market. The Governor stated that the main pharmaceutical manufacturers are established there and 7 out of 10 of world's bestseller biopharmaceutical products are made there. Puerto Rico also hosts a powerful aerospace industry including companies like Aerospace, UTC Aerospace Systems or Lufthansa Technik. The activity flow taking place in its ports as well as the developed industry of computing and software services are also remarkable.

García Padilla highlighted that the country doubled its commercial exchanges with Spain in the last 4 years and they keep increasing due to the growing interest in this Commonwealth. ''Puerto Rico is a great place to invest because it offers quality workforce, unique tax advantages and a great political stability, leading to an optimal economic scenario'', stated the Governor.

The meeting gathered the Governor together with Alberto Bacó Bagué, Secretary of the Economic Development and Business Department (DDEC), Adolfo Suárez Illana (ONTIER's President) and Núria Vilanova (Iberian CEAL's President). More than 30 companies interested in Puerto Rico coming from different sectors attended the event.



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