A Strategic Hub Between The Americas
Puerto Rico is located between the Atlantic Ocean and the Caribbean Sea, serving as a strategic hub between North and South America . Its population of almost 4 million people enjoys a mild tropical marine weather with little seasonal temperature variation. San Juan, its capital, is conveniently located by air just 2 ½ hours from Miami, 3 ½ hours from New York, 1 ½ hours from Caracas, Venezuela, and 8 hours from Los Angeles, Buenos Aires, Argentina, and Europe.
Puerto Rico has the most dynamic and strong economy in the Caribbean. US firms have heavily invested in the Island since the 1950s. Tax benefits are available for companies involved in manufacturing products, research and development, agriculture, recycling, energy and tourism, among others. Major exports include pharmaceuticals, rum, beverage concentrates, and medical equipment. Among the common imports are chemicals, clothing, food, and petroleum products. Tourism constitutes an important source of income.
Puerto Rico is a Commonwealth of the United States. It has a republican form of government composed of the executive, legislative, and judicial branches. The spoken languages are Spanish and English, and the national currency is the US dollar.
For more information about Puerto Rico's economic development visit the Government Development Bank of Puerto Rico at www.gdb-pur.com.
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