EFESan Juan

Representatives of hundreds of leading companies will participate on Oct. 30 in the 2016 America's Aerospace Summit in San Juan, seeking and offering business opportunities on the Caribbean island, organizing committee president Arnaldo Soto said.

The fair will draw some of the industry's leading players, who will present projects to be developed in Puerto Rico, promoting the advantages of doing business and becoming partners and distributors, Soto said in a statement.

Puerto Rican companies have been exploring investment alternatives for years amid a prolonged economic recession and have identified the most viable options in the aerospace and aviation industry, Soto said.

The fair will be held at San Juan's Sheraton Convention Center and will showcase for Puerto Rican investors and companies "the means to produce for this industry, since there are thousands of opportunities and billions of dollars available," Soto said.

Companies will be provided with information on becoming distributors and instructions on the procedures for being certified as suppliers and manufacturers, as well as on providing services to the aerospace and aviation industries.

Puerto Rico has become a hot spot for the aerospace and aviation industries due to its location, trained labor force, infrastructure, federal laws and tax incentives offered by the government, Soto said.