The Local Redevelopment Authority (LRA) for Roosevelt Roads in partnership with more than 10 organizations will lead the Promise Zone initiative in Eastern Puerto Rico. With an unemployment rate of 17.34%, job creation is a key priority for the region. The LRA plan to spearhead job growth by partnering with MidAtlantic Shipyards to construct the Roosevelt Roads Marina, attracting film and TV projects, and building an advance ship recycling facility.
For additional information regarding various financing programs, please view the presentation made in May of 2019 at a “Invest in Puerto Rico” conference for which CBO Financial’s CEO, Craig Stanley, sat on a panel entitled “Opportunities for Mainland Investors”: Investing in Puerto Rico. Also please view the Promise Zone Fact Sheet for additional details.