PRIDCOPuerto Rico Industrial Development Corporation (Puerto Rican government agency)
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PRIDCO supports EDA's promotional efforts by providing competitive industrial leases to prospective industrialists in pre-built factory structures.
PRIDCO has noted that a self-healing fiber optic loop provides first-rate service around the island, Long distance voice, data and video services, as well as WATS lines, are offered by several providers, and wireless PCS is available from a number of local and national venders, using the latest digital protocols, including CDMA 2.
PRIDCO develops industrial parks and constructs and maintains factory buildings that are available for lease throughout the island.
High resolution photos of the Governor of the Commonwealth of Puerto Rico with Pall Corporation Executives and the PRIDCO press release can be found at http://www.
SAN JUAN, Puerto Rico, April 14 /PRNewswire-USNewswire/ -- Following a letter sent to a key congressional committee, Puerto Rico Industrial Development Company (PRIDCO) Executive Director Javier Vazquez today provided detailed information regarding the funds invested over the past five years in Puerto Rico's rum industry by the territory's Rums of Puerto Rico (ROPR) program, a division of PRIDCO.
PRIDCO is responsible for administering the industrial tax incentives law and the industrial incentives of the Island, and the construction and lease of factory shells to house industrial operations.
The decision to move to the Luquillo facility was in great measure predicated on significant incentives from PRIDCO, which will provide assistance with workforce, facility, and taxes.
This investment by IPR reaffirms Puerto Rico's position as a world class strategic center of manufacturing where the most important and prestigious companies in the world have decided to establish and expand their operations," the PRIDCO director said.
The announcement of the IPR investment in Puerto Rico joins other important announcements that the head of PRIDCO has divulged in recent months.
PRIDCO, the government's business development agency, is also playing an important role in facilitating Searle's new tax grant.
CONTACT: Celeste Diaz Ferraro of the Puerto Rico Federal Affairs Administration, +1-202-271-7263; or Meredith Henry of Edelman, +1-202-326- 1715, or +1-202-841-6430, for the Puerto Rico Federal Affairs Administration; or Zena Polin of PRIDCO, +1-787-356-1055