Pharmaceutical and biotech giant Amgen is announcing a massive investment in Puerto Rico, a move that can be attributed to the tax cuts implemented by President Donald Trump.
Amgen has announced that an additional $300 million will be allocated to expand its biologics manufacturing facility in Juncos, boosting workforce development and creating hundreds of construction jobs.
This is on top of a previous $650 million investment on the island, and Amgen has invested billions more in Ohio, California, and North Carolina, which they say was possible thanks to the 2017 Tax Cuts and Jobs Act (TCJA)during the first Trump Administration, which were extended and strengthened in the 2025 Big Beautiful Bill.
"Amgen has been a leader in U.S. biomanufacturing for decades, and this expansion reflects our continued commitment to American manufacturing," said Amgen CEO Robert A. Bradway. "By growing our operations in Puerto Rico, we are ensuring patients have access to the medicines they need, investing in the long-term strength of our domestic supply chain and supporting American jobs."
Puerto Rico Governor Jenniffer González Colón was equally enthusiastic, saying, "This investment confirms that the policies we have implemented are working."
"Puerto Rico has more than 60 years of excellence in the biopharmaceutical sector, supported by a highly skilled workforce and world‑class infrastructure, and Amgen knows this better than anyone," Gov. Colón continued. "We will continue working to make Puerto Rico the number one destination for advanced manufacturing in the United States."
The investment comes on the heels of the Department of the Treasury announcing that more than 53 million Americans have claimed at least one of President Trump's Working Families Tax Cuts, with the average refund for the 2026 tax filing season estimated at $3,400, which is "an increase of 11 percent compared to last filing season."
"The Working Families Tax Cuts provided meaningful relief to middle- and low-income taxpayers, increasing take-home pay and putting more money back into the pockets of American families, workers, and small business owners,” Treasury Secretary Scott Bessent stated.
