P.R. Laws tit. 13, § 10641
It shall be the public policy of the Government of Puerto Rico:
(1) To promote the adequate environment and opportunities for the development of the local industries.
(2) To offer an attractive tax proposal to high technology and high added value industries to attract direct foreign investments to be able to compete with other jurisdictions.
(3) To guarantee a relationship between the industries and the Government of Puerto Rico based on stability, reliability and credibility. All the components of our society shall offer ironclad support to this program and to the respect for and compliance with the commitments that are part of the same for the benefit of Puerto Rico.
(4) To support the initiatives of the private sector, academia, community enterprises and municipalities in order to contribute to the economic development, of Puerto Rico through innovation, research and development and investment in the necessary infrastructure for a better quality of life and the efficiency in industrial operations.
(5) To curb the high operational costs and make flexible the regulatory limitations that hinders the competitive position of Puerto Rico. For example, it is necessary to promote the revision of laws and/or regulations that limit the use of certain fuels in the manufacturing process in order to allow the industrial sector to use less expensive fuels, provided that the efficiency of the absorption process or of the control equipment does not interfere with the compliance requirements for atmospheric concentration of pollutants established by law or any other applicable requirement.
(6) To take strong action to reduce energy costs through different alternatives of renewable sources.
(7) To recognize the importance of the decentralization of the government and, in accordance with the preceding, to support the efforts that are being developed at the regional level to promote economic development and technological innovation. Said efforts constituted by the government, the entrepreneurial sector and academia, have already begun to bear fruit and it is essential to support them to ensure their contribution to the economic future of Puerto Rico.
History —May 28, 2008, No. 73, art. 1, § 1, eff. July 1, 2008.