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Puerto Rico Federal Affairs Administration, Invest PR and COR3 launch

Puerto Rico Federal Affairs Administration, Invest PR and COR3 launch

February 19, 2019- San Juan, Puerto Rico – The Government of Puerto Rico’s Federal Affairs Administration and the Central Office for Reconstruction, Recovery and Resiliency are launching the first-ever Puerto Rico Opportunity Zone Summit. Join Governor Ricardo Rosselló, U.S. Treasury officials, project sponsors, and investors for a full day focused on boosting Puerto Rico’s economic recovery through the Opportunity Zone program.

Keynote speakers include: Governor Ricardo Rosselló, Chief Investment Officer Gerardo Portela, Puerto Rico Federal Affairs Director Carlos Mercader, Treasurer of the United States Jovita Carranza, and Counselor of the U.S. Treasury Secretary Daniel Kowalski.

The vital tax incentive holds the promise of uplifting and transforming Puerto Rico’s economy – leading to new business formation, enhanced job creation, and sustained fiscal growth. Almost 98% of Puerto Rio has been designed as an Opportunity Zone, paving the way for significant long-term investment for the island and charting a path to prosperity for generations to come.

Our agenda includes topics covering best practices for utilizing the Opportunity Zone incentive and an overview of island-wide investment opportunities:
- Opportunity Zone fundamentals, including the latest guidance from Treasury and IRS;
- Insight on combining this incentive with federal and local tax credits;
- Prospective project pipeline to support long-term local investment in Puerto Rico and provide tangible benefits with immediate community impact;
- Recommendations for addressing tax, legal, and regulatory challenges.
Multiple networking sessions provided and a reception to follow formal Summit agenda.

2019 Puerto Rico Opportunity Zones Summit

Date and Time: March 5, 2019 - 8:00 AM – 5:00 PM AST
Location: Puerto Rico Convention Center
100 Convention Boulevard, San Juan, Puerto Rico

For more information or to register for the Summit visit: https://www.ozprsummit.com/

For media inquiries, please contact: pcerame@prfaa.pr.gov