Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
11024b — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Twenty-three - Public Planning and Development (§§ 1 — 11273)/
  5. Part IX - Economic Development II/
  6. Chapter 252 - Jobs Now Act Sub/
  7. Subchapter IV - Job Creation Incentives § 11024 - Authorization to Enter Into Special Job Creation Agreements/
  8. 11024b
Puerto Rico Legal Code

11024b

Ask AI about this
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.