San Juan, Puerto Rico (September 6 2016)—The Trust submitted Recommendations to the Congressional Task Force on Economic Growth in Puerto Rico. The Task Force, established by the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), is responsible for identifying impediments to economic growth in Puerto Rico and recommending changes. It is chaired by Senate Finance Committee Chairman Orrin Hatch (R-Utah) and is comprised of U.S. Senators Marco Rubio (R-Fla.); Bill Nelson (D-Fla.); and Robert Menendez (D-N.J.) as well as U.S. Representatives Sean Duffy (R-Wis.); Tom MacArthur (R-N.J.); Nydia Velázquez (D-N.Y.); and Pedro Pierluisi (D-Puerto Rico). As stated by the Task Force, “Under the law, the Task Force is charged with writing a report by December 31, 2016, that identifies impediments to growth and recommends changes to: promote long-term economic growth and stability; spur new job creation; reduce child poverty; and attract investment in the territory. A status update identifying information the Task Force has collected and matters considered to be urgent will be provided to Congress in September”.

About The Puerto Rico Science, Technology and Research Trust:

The Puerto Rico Science, Technology and Research Trust, as described in Public Law 214, is a private nonprofit organization created in 2004 to maximize Puerto Rico’s participation and creation of jobs in the global knowledge economy by promoting the investment and financing of science and technology research and development. By investing in research and the commercialization of technology, the Trust serves as a catalyst for creating and retaining the Island’s highly qualified, well educated, and often bilingual residents. The Trust is also responsible for Puerto Rico’s public policy for science, technology, research and development. For more information log onto https://prsciencetrust.org.