San Juan – The secretary of the Department of Economic Development and Commerce (DDEC), Manuel Laboy Rivera, announced on Friday, the support to seven companies in the food and textile production sector, whose total investments are close to $ 3.1 million and the creation of over 700 jobs.
“Our commitment is to encourage the development of various economic sectors, including the local businessman. For this reason, the DDEC supports the expansion of these companies through the Puerto Rico Incentive Code, granting them incentives for the acquisition of machinery and equipment, as well as for the creation of jobs. Puerto Rico has a pool of entrepreneurial talent, which through time reinvents itself with plans to continue its growth and integration into new markets. For this reason, during the past three years we have developed and implemented various projects in order to offer better tools to promote local entrepreneurship, ”Laboy Rivera said in written communication.
Local businesses recently supported by DDEC in the food sector are: Productos Chebo’s, Amasar LLC, Farm City, and Productos La Finca.
The private investment of these companies is close to $ 890,400.
Meanwhile, the investment of other companies in the textile manufacturing sector such as Kandor, Puerto Rico Apparel Manufacturing and Pentaq Manufacturing, is close to $ 2,210,800.
Productos Chebo’s, Inc., will operate from the municipality of San Sebastián and will be dedicated to the manufacture of sausages, cuts of pork and other derived products.
César Fuentes, owner of the food producer, explained that “for more than 20 years we have dedicated ourselves to the creation of artisan sausages and we have seen how the product has been welcomed and liked by the people who visit our Manhattan Café Restaurant , in the town of San Sebastián. So we decided to build a manufacturing plant for sausages, cakes, fried foods, stir-fries, among others, in order to take our products to the entire population through supermarkets and department stores. In this way, you will be able to taste our excellent products, which we understand is the best in all of Puerto Rico. We will be creating 40 direct and indirect jobs that will be helping our local economy. We take this opportunity to thank the Department of Economic Development and its secretary for the support provided to fulfill this great dream of reaching the table of so many households ”.
In the past few years, multiple Puerto Rican businessmen have undertaken in different sectors, but applying innovation, either in the manufacturing processes of their products or even in the product they offer.
This is the case of Amasar, which uses corduroy as its main ingredient for making multiple-use flours.
“After almost four years running the AMASAR LLC agribusiness, where we produce gluten-free breadfruit superfruit flours (All Purpose Breadfruit mix of 24 ounces, as well as Breadfruit Pancakes and Waffles Mix 8.5 oz.), We are preparing to offer consumers even more healthy and nutritious options. Soon we will launch new products for different palates and special diets. Today our products transcend our borders thanks to various e-commerce platforms. In our business plan, we plan to formally export our products to the United States. We appreciate the support of the DDEC and especially our consumers for their support for local and innovative products such as our bread flours ”.
On the other hand, the secretary of the DDEC, pointed out that “the issue of manufacturing this year has been one of the main issues on our economic development agenda. During the past months we have seen how Puerto Rican companies adjusted their operations to produce personal protective equipment, given the shortage that arose after the spread of Covid-19. It is important that this sector, which also manufactures clothing for state government agencies such as the United States Department of Defense, among others, continues to expand its operations ”.
The president of Kandor Manufaturing, José Rodríguez, pointed out that “the high cost of manufacturing and the shortage of workforce in the textile sector in the United States, opens new opportunities for Puerto Rico. Our expansion in automated equipment, cutting capacity and operational space is aimed at capitalizing on these opportunities. Our workforce has grown by 30 percent to a total of 340 employees. We appreciate the support of the DDEC ”.
Laboy Rivera, thanked these entrepreneurs for their trust and assured “we continue to be committed to providing the necessary investment tools so that our local entrepreneurs can make their business plans viable. I invite you to consume the products and / or use the services that are produced on the island. This is how we invest in our people and make sure that the money from these activities stays in Puerto Rico ”.
For more information on the available incentives go to www.ddec.pr.gov/codigo-de-incentivos/.