Carlos J. Ríos Pierluisi, Secretary of Puerto Rico’s Department of Economic Development and Commerce (DDEC), said Sunday that 'Puerto Rico is ready to do business,' following a trip in which he and Governor Jenniffer González Colón promoted the island as an 'economic paradise' in New York to attract investment from companies including Abbott, AbbVie Biotechnology, Johnson & Johnson, and Amgen. He also cited local companies expanding operations, such as Islandwide, Ocean Lab, and Chemical Solutions.
Puerto Rico is ready to do business
Ríos Pierluisi highlighted a cardiovascular medical device product to be manufactured in Arecibo through an approximately $3.2 million investment by a global company with presence in 160 countries, calling it a 'bet on the future' since the firm chose Puerto Rico over its usual Minnesota manufacturing site. He argued Puerto Rico remains a competitive, cost-effective business destination compared to countries facing wars or natural disasters.