In recent years, Puerto Rico has been making headlines, and this time, it’s for all the right reasons. As the island basks in a wave of economic resurgence and innovation, the excitement is palpable. Building on this, a strategic partnership between Invest Puerto Rico and the Junte Boricua initiative —the latter of which seeks to inspire the Puerto Rican diaspora back to the island— is putting the spotlight on this transformation, ensuring the word reaches those “boricuas” living abroad. With the launch of WelcomeHomePR.com, Invest Puerto Rico is adding proof to the invitation, letting Puerto Ricans living abroad in on some of the reasons they should consider taking a second look at their island.

A Gateway to Opportunities

WelcomeHomePR.com aims to create awareness among the Puerto Rican diaspora about the positive developments and opportunities on the island. The core message underscores Puerto Rico's comeback moment, emphasizing the urgency and enthusiasm of the current opportunities. The website aims to inform the diaspora about progress in economic development, growing industries, job opportunities, and various initiatives, while sparking curiosity and interest.

Key Features of WelcomeHomePR.com:

• Job landscape: The island’s job market offers numerous opportunities. Platforms such as El Comeback PR and MofongoJobs.com connect individuals with local and remote career opportunities, while the Invest Puerto Rico LinkedIn Job Board group offers the latest job postings from companies arriving on the island. The combination of these resources makes Puerto Rico an attractive destination for professionals seeking dynamic and rewarding career paths. As we say on the island, “¡Hay trabajo!”

• Innovation and entrepreneurial ecosystem: Puerto Rico is fast becoming a hotspot for entrepreneurs, with 23 coworking spaces and over 42 accelerators and incubators, including notable programs such as Parallel 18, Grupo Guayacán, Engine-4, and the Puerto Rico Science, Technology, and Research Trust, among others. Whether you’re a serial entrepreneur or at the early stage of your startup, these resources provide vital support.

• Incentives for entrepreneurs: The island offers attractive tax incentives designed to draw pioneers, innovators, and dreamers back to the island. Entrepreneurs can benefit from a fixed income tax rate of 4% on eligible income, 100% tax exemption on capital gains, a 75% exemption on property tax, and a 50% exemption on municipal license tax, among others. These incentives create a favorable environment for establishing and growing businesses.

The road to WelcomeHomePR.com is rooted in Puerto Rico’s own comeback story, showcasing the island’s spirit of building back better, with new opportunities being created every day. According to the U.S. Bureau of Labor Statistics, Puerto Rico has seen an unprecedented 15% increase in total employment over the last five years. Additionally, the labor participation rate has increased by 5% over the same period. The unemployment rate has dropped to a historic low of 6%, with over 1.1 million people employed. This scenario has created job opportunities across various industries, including finance, technology, professional services, the creative sector, and more. Local companies are expanding, and new businesses are establishing their presence on the island, making it an opportune time for professionals to consider returning home.

Make your move back home. Join the webinar.

To further engage with the diaspora, Invest Puerto Rico and Junte Boricua are hosting a special webinar titled “Be Part of the Island’s Comeback Story” on September 4, 2024, at 1:00 p.m. This free webinar is an opportunity to hear directly from industry leaders, entrepreneurs, and community members about the exciting changes and growth happening on the island. As a participant in the webinar, you will have the opportunity to reconnect with your roots, and learn about the incentives available.  for those planning to come back, and discover how you can make a meaningful difference in your homeland. The webinar will cover key topics essential to understanding Puerto Rico’s dynamic growth.

Puerto Rico is calling - it's not what's next, it's where. Welcome back home!