Puerto Rico establishes nonprofit to attract new businesses and investment to the island

SAN JUAN, Puerto Rico — The board of directors of Invest Puerto Rico, Inc. (InvestPR) has announced that the entity is officially operational. InvestPR, a nonprofit investment organization created by Act 13-2017, will promote Puerto Rico as a competitive investment jurisdiction to attract new business in order to drive economic development and create new, well-paying jobs on the island.

The entity will also provide services to help businesses establish themselves on the island and connect them with local companies to acquire goods and services, in collaboration with the Department of Economic Development & Commerce (DDEC) and other government agencies.

InvestPR’s launch comes as the government of Puerto Rico is working to implement other reforms to attract businesses and…

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