Manufacturing in Puerto Rico

Industry of manufacturing Puerto Rico

Economy of Puerto Rico
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Primary sectors Agriculture Electricity Energy Fishing
Secondary sectors Aerospace Automotives Construction Electronics Food service Pharmaceutics Petrochemicals PRIDCO Research Technology Textiles
Tertiary sectors Banking Cooperativism Education Finance Healthcare Hotel Insurance Money transfers Mortgage Private security Public utilities Recreation Real estate Retail Social programs Telecommunications Tourism Transportation Warehousing Wholesale
Entertainment Arts Filming Music News media Television
Companies Companies of Puerto Rico Government-owned corporations Public–private partnerships
Government
Agencies Department of Economic Development and Commerce Department of Treasury Economic Development Bank Government-owned corporations Planning Board Office of Management and Budget Public–Private Partnerships Authority
Assets Consolidated Fund General Fund Public Improvements Fund Special State Funds
Bond issuers AFI AFICA Authority for the Financing of the Infrastructure of Puerto Rico COFINA Government Development Bank Municipal Financing Agency
Public debt Balance Budget Bonds issued by Puerto Rico Debt crisis Public debt of Puerto Rico
Taxes Internal Revenue Code Sales and Use Tax Taxation in Puerto Rico
Trade associations Chamber of Commerce Chamber of Marketing, Industry, and Distribution of Food Made in Puerto Rico MIDA Manufacturers Association Puerto Rico Products Association United Retailers Center
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Manufacturing in Puerto Rico is the largest economic sector in the economy of Puerto Rico; composing almost half (about 46%) of the gross domestic product (GDP) of Puerto Rico. All manufacturers in Puerto Rico are in some way interconnected with the Puerto Rico Industrial Development Company (PRIDCO) which provides substantial incentives for companies that manufacture in Puerto Rico. Manufacturers are also voluntarily interconnected through the Puerto Rico Manufacturers Association which serves as their primary trade association and their main lobby group upon the Legislative Assembly of Puerto Rico. Most manufacturing in Puerto Rico today is the product of Operation Bootstrap.

History

Advantages

governed by the law and regulations of the federal government of the United States, including the Environmental Protection Agency (EPA), U.S. labor laws, and the Occupational Safety and Health Act (OSHA)
bilingual labor force that speaks and writes Spanish and English
labor force enjoys the rights and privileges of American citizenship, allowing defense contractors to base operations in Puerto Rico or use Puerto Rico force for nearshoring
shorter route point from Africa and South America

Disadvantages

government monopolies on public utilities and worker's compensation
high level of government corruption
additional laws and regulation than those imposed by the federal government of the United States

v t e Manufacturing in the United States
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Federal district	Washington, D.C.
Insular areas	American Samoa Guam Northern Mariana Islands Puerto Rico U.S. Virgin Islands