Roy Carrasquillo, Jorge Salichs and Alexander Rodriguez attended the 2019 Puerto Rico Rural Lending Investment Summit organized by the National Rural Lenders’ Roundtable (NRLR), the U.S. Department of Agriculture (USDA) Rural Development and the U.S. Small Business Administration (SBA) on March 7 and 8, 2019 in San Juan, Puerto Rico at the Condado Plaza Hilton Hotel.
The summit marked the premier event joining lenders and stakeholders in the USDA and SBA guaranteed-lending community with local and federal officials in a concerted effort to provide Puerto Rico’s rural communities with access to capital and bolster Puerto Rico’s economic recovery in the aftermath of Hurricanes Irma and Maria.
CLG’s Counsel, Jorge Salichs moderated a panel on Opportunity Zones and our Shareholder, Roy Carrasquillo, presented on New Market Tax Credits and how they can be used as a source of capital for different projects.
Our Qualified Opportunity Zones practitioners work regularly with developers, investors, fund managers, lenders and business owners on matters related to the Qualified Opportunity Zones Program, including the formation of Qualified Opportunity Zones Funds.
CLG’s team works with developers, investors and financial institutions on incorporating U.S. federal tax credits (i.e., Low Income Housing Tax Credits, New Market Tax Credits and Historic Tax Credits), bond financing, opportunity zones funding, EB-5 funds and other economic and tax incentives, as well as the combining these different sources, into a projects’ financing structure. Our multidisciplinary team derives experience from our business, finance, real estate, securities and tax practices to guide clients through the requirements and intricacies of each tax credit program available to help make projects viable and more efficient.
CLG’s lawyers also have a thorough understanding of Puerto Rico’s cultural and business climate and members of our team are licensed to practice in the Island. They have experience assisting clients in various industries in Puerto Rico, including, but not limited to, financial services, hospitality, insurance, financing, housing, construction, media and renewable energy.
Caption1: Roy Carrasquillo, Alexander Rodriguez and Jorge Salichs
Caption2: Josue Rivera (State Director, Puerto Rico, USDA), Fernando Gil (Secretary of Housing, Puerto Rico), Roy Carrasquillo (Shareholder Carrasquillo Law Group P.C.), Juan Woodroffe and Jorge Salichs
Caption3: Rogelio Carrasquillo, Jose Cabrera (USDA Rural Development) and Josue Rivera (State Director, Puerto Rico, USDA Rural Development)