One of the cornerstone initiatives of the current administration is to foster Puerto Rico’s economic development through job creation. Whether you’re looking for workers or looking for a job, there are many efforts in place to help you find employers or get employed.
Hiring new employees is a sure sign that your business is growing. And by creating new jobs, you’re also helping the economy of Puerto Rico. We offer a series of employment incentives to make this easier for you:
The Jobs Now Act
This law seeks to promote the creation of 50,000 new jobs in Puerto Rico by offering the following incentives and benefits to eligible employers:
Property tax exemption
Deduction of operational net losses
Temporary exemption on municipal patents
Discounts on State Insurance Fund Corporation premiums
Financing by the Bank for Economic Development, subject to eligibility
Reimbursement of the exportation cost of products manufactured in Puerto Rico
Partial salary refunds
Payment of scaled Christmas bonus
Rentals of PRIDCO properties and regional storage facilities
Special deduction for expenses in properties rented to the Puerto Rico Industrial Development Company and regional storage facilities to the Commerce and Exportation Company
Exemption on non-real estate property
Tweet My Jobs
Use the power and reach of social media to find and recruit targeted and qualified candidates for your positions faster and easier. Simply post your openings and Tweet My Jobs will distribute them across Twitter, Facebook, job aggregator sites and to job seekers via email and to their mobile phones.
These initiatives have created new employment opportunities for job seekers and easier ways for searching available positions.