The Puerto Rico Perspective

In Puerto RIco, small businesses employ 44% of private workforce

Skilled workforce

Puerto Rico has a highly educated and bilingual workforce. Employers have access to a large pool of qualified job candidates. The labor force on the Island is around 1 million, of which approximately 949,000 were employed. The private sector employs 80% of the workforce.

Diversified industries

The Island’s main industries include: manufacturing; services; technology and telecommunications; health; construction; and tourism & entertainment.

strong legal
framework

A self-governing Commonwealth within the US constitutional system. Businesses are regulated and “protected” by local and US federal laws and regulations.

Strong SME
backbone

Small businesses are a vital segment of the PR economy as they have contributed to the majority of the job growth on the Island. With over 400,000 employees, small businesses employ more than 40% of the Island’s private sector workers. The average annual payroll per employee from small businesses amounts to $25,500.