Here's the next post in a series of guest pieces provided by WiM supporter, Foley & Lardner LLP. ----------- By Rosana M. Gutierrez Perhaps not surprisingly to those familiar with the tropical island, manufacturing remains a key driver of economic activity in Puerto Rico. Indeed, manufacturing accounts for 45% of Puerto Rico’s GDP (compared to 11% in the U.S.) and over 20% of the island’s jobs. Many U.S. multinational companies, particularly in the pharmaceutical industry, have chosen Puerto Rico as their home for manufacturing operations. Why? There are five main reasons. First, with over 50 years of experience in pharmaceutical manufacturing, Puerto Rico’s greatest asset is a skilled, experienced, yet inexpensive workforce. According to the experts , Puerto Rico offers the lowest labor costs within the U.S. with hourly rates in manufacturing averaging 65-80% of the continental U.S. average. Second, location, location, location. Situated halfway between North and South Americ...