P.R. Laws tit. 23, § 11024b

2019-02-20 00:00:00+00
§ 11024b. Special job creation agreements

An eligible business shall sign a special job creation agreement with the Government whereby they shall commit to increase the number of jobs in their business operations to obtain any benefit, loan, aid, incentive, subsidy, tax exemption, or combination thereof, provided in this subchapter. The special job creation agreement shall establish the following:

(a) Whether the eligible business is a new business or a developing business, as such terms are defined in this chapter;

(b) the number of eligible incremental jobs that the eligible business is committed to create in exchange for receiving the benefits provided under this subchapter;

(c) the specific incentives to be enjoyed by the eligible business, as provided in this chapter, and

(d) other terms and conditions that the Company may deem necessary to attain the objectives of this chapter.

History —Jan. 10, 2013, No. 1, § 4.3.