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Economics of Statehood
On November3rd, the U.S. citizens of Puerto Rico will cast a historic vote to definitively show if there is a majority in support of the territory’s admission as a state of the Union. While most of the discussion surrounding Puerto Rico statehood revolves around the political implications of its admission, there is an equally important conversation about the economic implications of statehood that must be had. Full political equality for the people of Puerto Rico through statehood will generate an opportunity to fundamentally restructure of Puerto Rico's economic model providing the institutional stability necessary for any long-term sustained economic development plan. As a result, statehood has the potential to finally unleash the island’s full economic potential for the benefit of island residents as well as America as a whole. Unfortunately, most discussion about the economic impacts of statehood have been rather shallow focusing mostly on how paying federal income taxes would impact the local economy (local perspective), or what the cost to the national government for providing equality in federal programs will be (mainland perspective). This Town Hall event seeks to open a broader discussion about the wide range of economic opportunities that statehood for Puerto Rico represents, and their potential to mutually benefit both the Island and the U.S. mainland.

Oct 21, 2020 07:00 PM in Eastern Time (US and Canada)

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