Business View Caribbean June 2023

20 BUSINESS VIEW CARIBBEAN VOLUME 10, ISSUE 6 Thank you for not being afraid of change, for innovating and lecturing business in these 30 years of helping build Puerto Rico. We are sure that many more anniversaries will come to celebrate your effort and creativity. We are very proud to work with such brilliant and virtuous minds that make up this innovative group. We wish you to multiply your successes and remain United for many more years. It is a pleasure to greet CIC in this achievement. Congratulations in this new anniversary, we are sure that they will not stop and we will keep working hand to hand in the future for Puerto Rico’s recovery. From here we wish them much success, health and prosperity. For more information, visit: www.industrialsprinkler.com CIC CONSTRUCT ION Despite the constraints of its early years, the company thrived in the pharmaceutical construction sector. The mid-90s, however, marked a significant shift in their operating environment. “In 1996, Puerto Rico had a tax advantage for the pharmaceutical industry, known as Section 936. The United States Congress decided to end that,” Hermida explains. Faced with this external challenge, CIC had a vital decision to make: remain limited within a sector that was likely to experience a slowdown or pivot and diversify into new horizons. Hermida reflects on the decision: “We decided to expand our business into other sectors of the construction industry.” This watershed moment marked a new chapter for CIC. The company stepped boldly into other construction industry sectors, such as commercial, residential, hotel, energy, and institutional projects. The expansion, driven by this versatile approach, began CIC’s ascension to becoming one of Puerto Rico’s leading contractors. CIC Construction’s trajectory is a testament to what’s possible when a clearly defined vision is pursued with unwavering tenacity. As the company celebrates four decades of excellence, its leadership stands poised to continue its legacy of inspiring growth and exceptional delivery.