The Capital Press
When people think of Puerto Rico, wealth isn’t usually the first thing that comes to mind.
According to Fortune Magazine, 45% of Puerto Rico’s population lives below the poverty line and unemployment has soared to 15%.
But lawmakers on the island are hoping to change that.
“it’s working. We are receiving a lot of entrepreneurs who are partnering with our people, creating jobs, and we are really happy with the program.”
Puerto Rico’s Secretary of Economic Development, Alberto Baco (Bloomberg)
Garza warns that it will take time before Puerto Rico becomes the island paradise that people like Paulson anticipate. “[Investors] should understand that the island may not protect their safety as well as it does their assets,” he said.