Professional · Gurabo, PUERTO RICO · Member since 2015 · 19 posts · 13 votes
Here's a link to a recent local financial newspaper article from Puerto Rico regarding its designation as an Opportunity Zone that basically covers the entire island.
Developer · Aguada, PR · Member since 2014 · 927 posts · 279 votes
7y
I don't see this as super helpful. Most locals don't want mainland investors coming to the island and displacing people. If the Governor wants to help, he needs to create a climate of jobs, and unity back into the communities. all he mentions about capital gains and tax incentives don't do a thing for the locals.
The government needs to stop giving hand outs, and put people to work. this will incentivize the people to do more again. this will also bring in taxes to build things like roads and repair infrastructure. without giving people purpose, he is creating a economy of dependancy. its sad.
lastly, who cares if there is new housing, if locals are not working. if they are not working, they can't buy or rent these places.