20140327 Thu 441pm ECONOMY: Government Bureaucracy elnuevodia/columna-elempresarismohueco-1740090.html === GOOGLE TRANSLATE === March 27, 2014 The hollow entrepreneurship Angel Collado Schwarz Several forums and conferences offered these days on the development of the economy and local entrepreneurship repeat that investment is the key to growing our economy. As with support to Olympic athletes and conserve Yunque and Old San Juan , who can disagree with this slogan ? The problem is that talk of local enterprise as a slogan is to express empty words. There are four critical impediments that prevent or limit the development of entrepreneurship : the lack of funding , the suffocating cost of electricity, the tortuous process of applying for permits to open a business and government incentives that favor megastores versus the small trader . The output of the 936 companies combined with the economic crisis of 2008 dramatically reduced the banking industry in Puerto Rico . In recent years left the country institutions such as Chase Manhattan , Citibank, Royal Bank of Canada , First Boston and BBVA. The federal government closed Western Bank , R & G and Eurobank . The output of these banks reduced lending and offer competition for business and citizens. To this we add that federal regulators keep a close supervision of the lending operations of the two major local banks. This has had a devastating effect on the construction industry and the real estate market in which has been losing an average of 50% of the properties they had in 2008. It is virtually impossible to get financing for new projects with some risk or have assurances encompassing . Meritorious projects and ideas die before brewing . Traders who fail to raise capital or financing encounter your earnings should be destined to pay the exorbitant costs of electricity. While politicians are involved in struggles for power and control , traders (and citizens) are left to the everyday reality of cover higher than in almost every country in the world cost. Some traders are forced to retain the SUT to defray the cost of electricity and not have to close your business. Request permissions is a draconian process that delays the opening of shops . Sometimes the dealer starts paying rent , but can not open your business for lack of permits. Should be implemented the process established in Madrid in which businesses start trading immediately with temporary permits (excluding environmental ) and after several months they get permanent . This can generate immediate economic activity. Policy to attract some mayors megastores their exempting municipalities from paying municipal license impairs the local dealer . Is it fair that the billionaire megastore not pay local taxes that the small trader should pay? Multinational companies are used to pay these taxes at all sites as part of their operational costs. This also has a social effect as causing the closure of a local pharmacy to unequal competition with megafarmacia . It leaves an extended family without a source of income and inspiration for new generations . In the case of agricultural entrepreneurship , the situation is even worse , as the government does not protect local farmers as the U.S. protects its own . How a farmer will survive when the price of your product is not protected, it allows foreign products are sold cheaper and does not provide insurance against climate variations (excluding storms) ? We can continue repeating the demagogic slogan to motivate entrepreneurship and local investment , but until funding is available , reasonable energy costs , temporary permits and incentives to balance competitiveness with megastores , we are doomed to a mirage or a hollow entrepreneurship . Historian and journalist Translation posted by Traducion publicado por Robert Davis PUERTO RICO ECONOMY SOLUTIONS PUERTO RICO DEVELOPMENTS AND INVESTMENTS RRCN PARA GOLF SAIL BOAT https://facebook/groups/418072981661826/ facebook/vacationrentalspuertorico facebook/partidopuertorico lafrr twitter@partidodepr Tel: (787) 988-1387 Youtube Video: Cuando Volvamos, Regresa el Progreso. === When We Return, Progress Returns youtube/watch?v=KAKYhOfpwU0
Posted on: Thu, 27 Mar 2014 20:45:43 +0000
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