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308.
The Marshall Plan successor agencies assembled a body of
technical assistance measures in an attempt to remedy some of the
above problems and incorporated them in an institution called a
Foreign Investment Promotion Center. This type of Center was
supported by a range of U.S. technical assistance aids. The
concept of the Center was drawn from a variety of past successful
foreign investment promotion activities of organizations ranging
from those of Operation Bootstrap in Puerto Rico beginning in the
1940s⁸² to the Investment Promotion Agencies of many Southern
states in the U.S. set up to induce many industries in the North
and East regions to move to the South. This body of experience
covered several decades, continues today, and has indisputably
proved its effectiveness.
309.
In many respects the Agencies and programs of Puerto Rico
and the Southern U.S. States were similar in the 1940s and the
1950s. They combined active promotion through offices in the U.S.
and abroad which were outgoing and actively searched out potential
investing companies. These agencies brought about a legislated
body of tax, facility, and service inducements to overcome
hesitancy on the part of foreign investors and thus provide
benefits to outweigh some of the risks of new investment.
⁸²william H. Stead, Foments -- The Economic Development of
Puerto Rico, 1942-1957, New York.
166
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"ocrText": "308.\nThe Marshall Plan successor agencies assembled a body of\ntechnical assistance measures in an attempt to remedy some of the\nabove problems and incorporated them in an institution called a\nForeign Investment Promotion Center. This type of Center was\nsupported by a range of U.S. technical assistance aids. The\nconcept of the Center was drawn from a variety of past successful\nforeign investment promotion activities of organizations ranging\nfrom those of Operation Bootstrap in Puerto Rico beginning in the\n1940s⁸² to the Investment Promotion Agencies of many Southern\nstates in the U.S. set up to induce many industries in the North\nand East regions to move to the South. This body of experience\ncovered several decades, continues today, and has indisputably\nproved its effectiveness.\n309.\nIn many respects the Agencies and programs of Puerto Rico\nand the Southern U.S. States were similar in the 1940s and the\n1950s. They combined active promotion through offices in the U.S.\nand abroad which were outgoing and actively searched out potential\ninvesting companies. These agencies brought about a legislated\nbody of tax, facility, and service inducements to overcome\nhesitancy on the part of foreign investors and thus provide\nbenefits to outweigh some of the risks of new investment.\n⁸²william H. Stead, Foments -- The Economic Development of\nPuerto Rico, 1942-1957, New York.\n166"
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