Puerto Rico Job Creation Bill Introduced in Senate

Companies could get tax breaks for creating jobs in Puerto Rico, under a bipartisan bill introduced by Senators Robert Menendez (D) and Roger Wicker (R). If passed, the Territory Economic Development Tax Credit Act seeks to increase employment and investment in the US territories.

“Puerto Rico needs good jobs to see long-term economic recovery,” said Eric LeCompte, Executive Director of the religious development group Jubilee USA Network. “Debt relief and natural disaster recovery aid will not be enough to reduce the island's high poverty rates. Jobs are a big part of the solution.”

Puerto Rico religious leaders, US religious bodies and Jubilee USA Network advocate returning manufacturing jobs to the island. In February, 20 major Puerto Rico and US religious leaders asked President Biden to act on their jobs proposal.

Last year, Puerto Rico religious leaders wrote Congress to support island pharmaceutical and personal protective equipment manufacturing to help fight COVID-19 and promote job growth. Then-President Trump expressed support for the measures.

“We are grateful that Senators Menendez and Wicker are leading this bipartisan action that can support economic recovery and fight poverty,” stated LeCompte.

Read the Jubilee USA Puerto Rico and US Religious Leaders Letter to President Biden here: https://www.jubileeusa.org/jubilee_usa_biden_puerto_rico_letter

Read the Puerto Rico Religious Leader Stimulus Letter to Congress here: https://www.jubileeusa.org/puerto_rico_religious_stimulus_letter_jobs_nap_disaster_relief