To entice participation, tax exemptions and differential rental rates for industrial buildings were offered. Banks offer a wide range of products and services such as checking and savings accounts, CDs, IRAs, loans, credit and debit cards, and electronic banking. Puerto Rico carries more debt per capita than any state in the United States.
The increase in the price of sugar on the world markets, as well as the investment of capital, made Puerto Rico into one of the principal producers of sugar internationally. Pharmaceutical companies and high-tech industries based in Puerto Rico were to have an advantage over NAFTA member Mexico, whose low wages in low-skill labor-intensive jobs competed with Puerto Rican jobs.
Road side vendor InCongress opted to phase out Section by the year The main government expenditures are on health, education and welfare.
Thus, Puerto Rico's economy shifted labor from agriculture to manufacturing and tourism. Throughout his career, Sam has been involved in businesses which support financial professionals.
Prior to his appointment as Commissioner of Financial Institutions, Mr. In low-skill labor-intensive manufacturing, such as clothing and footwear, Mexico has the advantage.
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The U. Puerto Rico's economy is affected by the same factors affecting the US economy.