16 OPPORTUNITY ZONE MAGAZINE | VOLUME 2 • ISSUE 1
WHY PUERTO RICO HAS A UNIQUE POSITION IN THE
OPPORTUNITY ZONE SPACE
By Michael P . Gay
Puerto Rico is primed for growth with billions in relief funds fueling a recovery from a series of natural disasters . Learn why the U . S . territory offers a rare investment climate and value proposition for Qualified Opportunity Zone funds .
There are many ways to describe Puerto Rico . A tropical
island with a vibrant culture , delectable food , and natural beauty . A rebuilding , resilient U . S . territory with an emerging tech scene and a history of bouncing back from crisis . A long-standing pharmaceutical powerhouse that manufactures half of the world ’ s top 10 bestselling drugs .
But in terms of Opportunity Zones , the way to think about the island is as a 35-mile by 100-mile landing pad for investment .
About 98 % of Puerto Rico is an Opportunity Zone and no other state or territory comes close . 1 Local incentives and billions in post-hurricane funding from the federal government are driving an infrastructure overhaul and tech boom on the island .
Given the untapped potential and Puerto Rico ’ s unique position in the Opportunity Zone space , there are some things to know as investors size up their prospects on the island . 2
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