San Juan — The Puerto Rico Manufacturers Association, led by Rafael Vélez Domínguez, is calling for major reforms in energy, permits, human capital, and tax policy to improve the island’s economic competitiveness.
Speaking at the 2026 Annual Convention, themed The Competitive Equation, the group warned that high energy costs and weak infrastructure remain major barriers to growth.
Renewable energy generation stands at just 7%, far below the 40% target set for 2024, showing delays in the energy transition.
The group proposed using natural gas as a transition solution to reduce costs, noting that fuel accounts for about 40% of electricity bills. It also called for more private investment in the energy sector.
The association supports a single permit system to reduce delays and provide more legal certainty for businesses.
Key proposals include:
The group also highlighted the need for stronger partnerships between businesses and educational institutions to develop talent and reduce workforce migration.
“With reliable energy, skilled talent, and a competitive tax system, Puerto Rico can strengthen manufacturing as a key economic driver,” Vélez Domínguez said.
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