Why Puerto Rico Could Reclaim Its Status as a Pharmaceutical Powerhouse: The Hidden Opportunity Behind Reshoring
Manufacturing accounts for up to 47% of Puerto Rico’s GDP and delivered over $50 billion in output in 2020, supporting more than 220,000 jobs. Amgen is investing $926.7 million in Juncos, creating nearly 3,000 jobs. At least seven manufacturers have announced expansions since 2020, with $220 million in new commitments. The island faces competition, power outages, and workforce shortages.