{"id":205480,"date":"2023-10-23T06:49:41","date_gmt":"2023-10-23T10:49:41","guid":{"rendered":"https:\/\/dr1.com\/news\/?p=205480"},"modified":"2023-10-23T07:29:59","modified_gmt":"2023-10-23T11:29:59","slug":"new-law-attracts-more-investment-on-the-border","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2023\/10\/23\/new-law-attracts-more-investment-on-the-border\/","title":{"rendered":"New law attracts more investment on the border"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img src=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2023\/10\/Dajabon-entrada-Diario-Libre-1024x628.png\" alt=\"\" class=\"wp-image-205509\" width=\"600\"\/><\/figure><\/div>\n\n\n\n<p>Back in 2021, the Abinader administration passed a law to provide incentives for investments in the seven provinces along the border with Haiti. The Law 12-21 created the \u201cSpecial Area of Frontier Development\u201d and extended the tax incentives that were initially provided by Law 12-01.<\/p>\n\n\n\n<p>The Ministry of Economy and Planning explains that as of September 2023, some 51 proposals for new businesses have been received. The average investment hovers around RD$400 million in the industrial, commercial and farm sectors. A lot of the jobs are being created for non-specialized workers, especially in the farming sector.<\/p>\n\n\n\n<p>Of the 10,000 new jobs, nearly three quarters (74%) are for non-specialized workers. About half of the new proposals are for the creation of banana farms in Montecristi province, once the base for the old United Fruit Company\/Granada Company production of bananas.<\/p>\n\n\n\n<p>The proposed manufacturing proposals include a labor force that is little qualified in specialized trades.<\/p>\n\n\n\n<p>The Ministry notes that salaries for most of these jobs range from RD$10,000 up to RD$21,000 depending on the sector and the project.<\/p>\n\n\n\n<p>While not sufficient to purchase the basic food baskets, the salaries do provide income in the region.<\/p>\n\n\n\n<p>While Dajabon and Montecristi are the locations for over 90% of the proposals, a few are dispersed in Pedernales and Bahoruco. The lack of economic activities has been a drawback for that region to attract major investments, so far.<\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/www.diariolibre.com\/economia\/empleo\/2023\/10\/21\/mas-empleos-pero-menos-calificacion-en-la-frontera\/2497525\">Diario Libre <\/a><\/p>\n\n\n\n<p>23 October 2023<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Back in 2021, the Abinader administration passed a law to provide incentives for investments in the seven provinces along the border with Haiti. The Law 12-21 created the \u201cSpecial Area of Frontier Development\u201d and extended the tax incentives that were initially provided by Law 12-01. The Ministry of Economy and Planning explains that as of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2023\/10\/23\/new-law-attracts-more-investment-on-the-border\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[319,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/205480"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=205480"}],"version-history":[{"count":4,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/205480\/revisions"}],"predecessor-version":[{"id":205510,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/205480\/revisions\/205510"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=205480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=205480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=205480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}