Tax Incentives for Strategic Recovery

See video on strategic tax incentives and recent fiscal policy for the territories and Puerto Rico.

Francisco Luis, Partner at Kevane Grant Thornton and Adam Greenfader, Caribbean Chair / AG&T discuss “ Bringing back manufacturing to USA – Puerto Rico. “ 

In this in-depth conversation about Tax Policy and Incentives,  Mr. Luis discusses the GILTI and BEAT provisions of the 2017 Tax Code and some of the implications of the House Resolution 6448; otherwise known as ” The Territorial Economic Recovery Act.

Other topics include,  ‘Opportunity Zone incentives’ and the ‘Tourism Tax Credit’ as part of the recently passed Act 60.

Francisco Luis has over twenty-nine years’ experience in public accounting, including the “Big Four” and private consulting practice. 

He engages in the design and development of tax planning and consulting strategies. This includes tax services in the area of mergers and acquisitions, business reorganizations, partnership transactions, tax incentives and exemptions, individual and corporate tax issues, personal financial matters, and others. Moreover, since the designation of Puerto Rico as an Opportunity Zone, Francisco has been actively participating as guest speaker on several conferences and activities lecturing about this new incentives regime.

His experience includes participation in multiple international and global business transformation engagements, including post-acquisition implementation and executing strategies focused on reducing global effective tax rates, mostly interplaying with the Puerto Rico tax incentives. Francisco has significant experience assisting clients before the Internal Revenue Service and the Puerto Rico Treasury Department, among others. He also possesses extensive tax compliance experience.


  • Puerto Rico State Society of Certified Public Accountants
  • American Institute of Certified Public Accountants

Manufacturing 2.0 with Manuel Laboy

Join Manuel Laboy, Secretary of Economic Development of Puerto Rico and Adam Greenfader, ULI Caribbean Chair as they discuss “ Bringing Back Manufacturing to USA – Puerto Rico. “

In this in-depth conversation, Mr. Laboy discusses the current opportunities in pharmaceutical manufacturing, Puerto Rico’s history in Life Science,  inventory, infrastructure, and potential pitfalls. Other topics include,  Puerto Rico Tax incentives, HR # 6443,  Opportunity Zones, Public Private Partnerships, and the recently enacted regulations allowing foreign cargo to Puerto Rico; “ a game changer”, according to Manuel Laboy. 



Manuel A. Laboy Rivera is the Secretary of the Department of Economic Development and Commerce (DEDC) in Puerto Rico and Executive Director of the Puerto Rico Industrial Development Company (PRIDCO) with the mission to attract new investment, promote the creation of new jobs and strengthening of small and medium enterprises. He is also responsible for the formulation and strategic implementation of the Puerto Rico economic development plan, including competitiveness-related reform, infrastructure projects and the innovation of technology agenda. Mr. Laboy is a licensed professional engineer with 19 years of experience in various industries and sectors, including manufacturing, chemical production, life sciences (pharmaceutical, biotechnology and medical devices), construction, public utilities, export services, renewable energy, infrastructure, technology and project management.

Manuel Laboy has a Bachelor’s Degree in Chemical Engineering from the University of Puerto Rico-Mayagüez Campus, a Master’s in Business Administration from the University of Turabo in Puerto Rico. He is also a member of the College of Engineers and Surveyors of Puerto Rico, and holds a Certified Safety Professional certification from the Board of Certified Safety Professionals.

To learn more contact  Adam Greenfader Managing Partner of AG&T, a real estate development and advisory services company.