Latin American Herald Tribune – Puerto Rico Loses 80,000 Manufacturing Jobs in 15 Years

SAN JUAN – Puerto Rico lost nearly 80,000 manufacturing jobs between 1997 and 2012, according to the latest Economic Census compiled by the University of Puerto Rico’s Center for Census Information.

Jose Caraballo Cueto, the director of the center, told Efe that most of the jobs were lost as a result of the expiration of a provision in the U.S. tax code known as Section 936.

That regulation offered U.S. companies the prospect of tax-free income if they established operations in Puerto Rico.

What do you think?