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New Market Tax Credits — Not in Puerto Rico

The New Markets Tax Credit (NMTC) Program, part of the 2000 Community Renewal Tax Relief Act, was designed to encourage investment in Community Development Entities (CDE) in low-income areas. The thinking was that companies not normally interested in investing in depressed communities would do so with the tax credit, which covers 39% of the investments made. Not only do NMTC projects bring capital into poor neighborhoods, but they also create jobs for local residents.Read More »New Market Tax Credits — Not in Puerto Rico

Is the PDP Against Minimum Wage, Job Safety and the Environment?

Former Puerto Rican Governor Rafael Hernandez Colon speaks with authority as a leader of the Popular Democratic Party (PDP).  He served as the fourth governor of Puerto Rico over three terms (1973 – 1977 and 1985 – 1993) and has earned the title of statesman for his party – which is why his recent comments in a Caribbean Business interview were especially enlightening. Read More »Is the PDP Against Minimum Wage, Job Safety and the Environment?

Sovereign Free Association: An Economic Risk for Puerto Ricans

A recent interview on the subject of Puerto Rico’s status suggested, with a startling degree of discourtesy, that Puerto Rico wants to be a state only “for the money.” In fact, Puerto Ricans who are in favor of statehood generally explain that they seek equal responsibilities as well as equal rights with other United States citizens.Read More »Sovereign Free Association: An Economic Risk for Puerto Ricans

America for All Americans

Recent gains by presidential candidate Mitt Romney in Florida are prompting some analysts to question whether either campaign should continue to pour resources into the state during the final weeks of the campaign.  Florida, the thinking goes, has moved into the Republican column, while President Obama’s relative strength elsewhere makes the state less important for a Democratic victory.Read More »America for All Americans