Puerto Rico Expands Local Tax Incentives for Chick-fil-A in Opportunity Zones

Oct 7, 2024, 02:19 PM

Puerto Rico is increasing local tax incentives for opportunity zone projects, including a major expansion by Chick-fil-A Inc. This move is seen as unusual by tax policy analysts, as the program is typically intended to spur economic development in low-income areas. The local tax incentives aim to attract more investments to these zones.