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Machinery & Equipment
Financial support for acquiring machinery and equipment, reducing capital barriers to business establishment and expansion.
6 min
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Section Code:
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Purpose:
Overview
The Machinery & Equipment program under the Economic Development Fund provides financial support for businesses acquiring machinery, equipment, and other capital assets. This program addresses capital barriers that may prevent businesses from establishing or expanding operations in Puerto Rico by providing grants or credits that reduce upfront investment costs.
Qualifying businesses may receive financial support covering a portion of costs for manufacturing equipment, technology infrastructure, specialized machinery, and other productive assets. Support levels depend on investment scale, economic impact, and alignment with development priorities.
The key distinction of this program is its focus on capital asset acquisition rather than ongoing operations. The program helps businesses make initial capital investments that establish production capacity and economic activity.
Key Benefits
Capital Cost Reduction
Financial support reduces upfront costs of machinery and equipment acquisition, improving project economics and enabling investments that might otherwise be unfeasible.
Accelerated Implementation
Fund support helps businesses complete capital investments more quickly, accelerating project timelines and economic impact.
Flexible Asset Categories
Support applies to diverse equipment types including manufacturing machinery, technology infrastructure, and specialized equipment across industries.
Requirements & Obligations
Qualifying Equipment
Equipment must be used in qualifying productive activities and contribute to economic development objectives. Documentation of equipment specifications and uses is required.
Investment Commitments
Businesses must meet minimum investment thresholds and complete equipment acquisition within specified timeframes.
Economic Impact Requirements
Projects must demonstrate employment creation, production capacity expansion, or other economic contributions.
Reporting Requirements
Businesses must document equipment purchases, installation, and productive use through required reports.
How to Apply
Applications include equipment specifications, cost estimates, project descriptions, and economic impact projections. Review evaluates project merits and fund availability. Upon approval, disbursements occur based on equipment purchase and installation milestones.
This information is educational and should not be considered legal or tax advice. Applicants should consult with qualified legal and tax professionals familiar with Puerto Rico incentive programs before making any business decisions or submitting applications.
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