Government Infighting Threatens Investment Climate
4 Articles
4 Articles
The reaction comes amid public controversy over allegations related to economic development processes, tax incentives, and companies with operations in Puerto Rico.
The Association of Industrialists of Puerto Rico (AIPR) today urged to separate economic development from disputes between government officials, warning that public disputes are affecting legal certainty, institutional credibility and the confidence of local and international investors. Rafael Vélez Domínguez, president of the AIPR, said that the investment climate “cannot be lacerated with noises that are foreign to productivity,” and stressed …
The Association of Industrialists of Puerto Rico warned today—Thursday—that public disputes between senior government officials can affect the legal certainty, local and international credibility of the island and the trust of companies linked to incentive processes and tax decrees. “It is our duty to ensure that the investment climate does not lie with noises that are alien to the productivity of companies. Industrial development and the confid…

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