Now Puerto Rico Offers 100% Tax Exemption to New Industry by BEARDSLEY RUML “We don’t want runaway industries” says Governor Mufioz. “But we do seek new and expanding industries.” Federal taxes do not apply in Puerto Rico, and the Common- wealth also offers full exemption from local taxes. That is why 300 new plants have been located in Puerto Rico, protected by all the guarantees of the U.S. Constitution. redneattitonbosasins B Tis crm seme @j{ | Commonwealth Government is now p Smo omens % H overselming incentives that more SHED than three hundred new factories MEARDSUEY UML aye already been established inthis ‘n-drenchod island 961 mils off the Florida Coast. First and mort compelling jcentive isa completely taxtree period of ten years for most manufacturers ‘who setup new plans in Puerto Rico, For example, recent analysis fr one Ohio firm = ‘Yeaed tha eto tax exetption nd operating econ- ‘mics i wll increase its net profit from S187, 000 to $442,000 a year by locating its new plot inf Posrto Rio, ‘The Commonwealth will leave no stone unturned to help you get started, I wil build faciry for you. Tt will help you secure facing. It wil even seen job applicants for youand then train them to operate ‘your machines What About Labor? Puerto Rico's labor reservoir of 650,000 men and women has developed remazkablelevelsof productivity and efciency. Twenty-eight factories ae now produc ing delicate electronic equipment. ‘Among the U. S. companies already manufacturing jin Poctto Rico are Sylvania Eleesie, Carborundum Compaay, Remington Rand, Univis Les, Shoe Cor- poration of America and Weston Electric. ‘Six steamship companies and four atines operate regular services between Puerto Rico and the maine land. San Suan s jst’ 5} hous by ae froma New York. “There is no duty on trade withthe mainland. “Close to Paradise” Listen to what LH. Chvistensen, Vice President of St Regis Paper, says: “The climate is probably ax close to paradive at ‘man will ever see. find Puerto Ricans in general extremely frien, courteous and cooperative: “This plan in Puerto Rico i one of our most ‘ficient operations in borh quality and output. (Our labor has responded well to all situations” ‘Are You Eligible? Says Governor Muicz: “Our drive is for new capital ‘Our slogan is not move something old to Puerto Rico? but ‘start something new in Puerto Rico of ‘expand in Puerto Rico’”| ‘The Commoniveatth wants to attract all dusties to Puerto Rico—cpocially ecto ‘and women's apparel, knitwear, shoes and lather, plas- tics, optical products, costume jewelry, small electrical _pplianes, hard candy and pharmaceticas. “To ge all the facts, and to find out whether you and ‘your company would be eligible for complete tax ‘exemption, mall the ‘coupon below for your fee copy (of “Facts for Basinessmen.” —-MAIL THIS COUPON-- SSeS of Pero ee Bape ET Stats Avene, New Yor 7, Mail me “Facts for Buseanen” your report of the advantages of Puerto Reo fr pln lostion i ' ! 1 ! 1 fo Nw 1 ' ! ' 1 1