Today a press conference was given about the Trump Tariffs. The governor in San Juan looked happy, apparently the pharmaceutical sector will be expanding operations. I say expanding because big pharma has been manufacturing here for 80 years now, closed down a few plants but never left completely. San Juan has three engineering schools and graduates hundreds of people every year. In other words, there is skilled labor in biotechnology.
The problem in San Juan Bautista is the cost of electricity. Although big pharma have their own electric plants, energy costs are always taken into consideration. So big pharma in San Juan and also Barbie dolls, Governor announced toy manufacturing is headed our way, there is local investment for that industry.