Infotech to Create 250 New Jobs in Isabela
SAN JUAN — With an $11 million investment, aerospace company Infotech announced Monday the expansion of its local engineering service center, creating 250 new jobs during the next couple of years.
“Today is a great day for Puerto Rico’s aerospace industry,” Gov. Alejandro García Padilla said at the company’s facilities in Isabela on Monday. “Puerto Rico remains an ideal location for world-class companies to establish themselves and prosper.”
On the island since 2003, Infotech was the first company to settle in the island’s western region, which has been targeted as home of Puerto Rico’s aerospace industry cluster. It was later joined by such companies as Lufthansa Technik, Honeywell and Infosys.
Infotech—which specializes in the manufacturing, design and evaluation of aerospace equipment—will receive roughly $5.2 million in job creation and infrastructure incentives from the Puerto Rico Industrial Development Co. (Pridco).
About 85% of Infotech’s local revenue stays on the island, and it has contributed some $425 million to the local economy since it established operations in Isabela, according to a government statement.
Last week, pharmaceutical company Roche announced a $60 million investment to further develop its site in Ponce, aiming to create 40 new jobs when construction work is finalized in 2018. Bristol-Myers Squibb also recently unveiled plans to expand its local plant to the tune of $80 million, while pharmaceutical and laboratory equipment supplier Sartorius will invest some $50 million to convert its Yauco plant into a logistics hub.
“Infotech joins the group of investors and companies that, despite the island’s current fiscal situation, have relied on the local talent and potential, strengthening our economy and showing the world Puerto Rico is still standing and will succeed,” García Padilla added.