2 ms·
Pharma is no longer a great choice for PR. Several of the various federal advantages to locating there have expired
by HWR_14 5y ago
Pharma is no longer a great choice for PR. Several of the various federal advantages to locating there have expired
- rdl 5y agoIt still is relatively better to do pharma in PR than many other industries in PR, since it has an established workforce and a bunch of facilities, and there are PR-specific tax breaks under IRC 933 (just no longer 936). There's established pharma, and sometimes line extensions; not sure if anyone would put a new pharma startup here. Microsoft lost their tax case so they're GTFO after >10 years, though; that probably also discourages similar IP-embodied manufacturing in pharma.
- HWR_14 5y agoTrue. If you have to locate in PR, might as well be pharma. And there are no reasons to move existing lines.