Teleonce reviews Impulso Boricua: Education on Economic Incentives in Puerto Rico
A recent Teleonce note described the creation of the non-profit organization Impulse Boricua with the objective of educating the public about the benefits of Laws 20 and 22, now integrated into Law 60.
Our Initiative: Inform and Educate
Through our website, www.impulsoboricua.com, we provide accurate data on the impact of Laws 20 and 22. These laws have been fundamental to the economic development of the island, creating more than 62,500 jobs, generating more than $240 million in annual revenues for the government and charitable contributions that exceed $15 million each year.
Debunking Myths with Real Data
At Impulse Boricua, we seek to educate and debunk myths about the effectiveness and cost of these incentives. Some critics suggest that these programs represent an expense for the government and citizens, but the data show the opposite: the government does not lose by providing these incentives and without them, investors would not have selected Puerto Rico as a destination, depriving the island of the benefits derived from their investments.
Support for Key Sectors
Laws 20 and 22 have been essential to revitalize sectors such as manufacturing, tourism, local entrepreneurship and creative industries. These laws have made it easier to attract capital and encouraged innovation, contributing significantly to Puerto Rico's economic development. Its objective is to position Puerto Rico as an investment destination, restoring economic sectors affected by the crisis of the past decade.
A Promising Future
We are convinced that the incentives of Law 60 will continue to attract investment and promote development in Puerto Rico. These programs are designed to benefit the Puerto Rican community without displacing local residents.
At Impulso Boricua, we firmly believe in the transformative power of economic incentives. We invite everyone to learn more about our mission and the benefits of Act 60 by reading Teleonce's full note here. Together, we can continue to build a prosperous Puerto Rico full of opportunities.