There’s an American alternative to outsourcing manufacturing and it comes with some pleasant side benefits. The territorial government of Puerto Rico is aggressively marketing the island as an affordable alternative to doing business on the mainland with many of the benefits of shipping jobs to other countries. In a podcast interview, Juan Augayo of Puerto Rico’s Department of Economic Development and Commerce told AVweb the Caribbean paradise has a 4 percent corporate tax rate and generous incentives for business and it’s offering an interesting way of exploring the economic and other benefits of moving aerospace enterprises there by holding a fly-in in December.
The five-day event from Dec. 8-13 will include tours focused on future economic opportunity. Augayo said the government is actively trying to attract aviation companies and has the land, buildings and workforce to build and sustain it. More information is available at seepuertorico.com
