After three decades as a corporate sponsor, Captain Morgan rum has been ousted from the National Puerto Rican Day parade, because the company moved production from Puerto Rico to St. Croix. The U.S. Virgin Islands recently lured Captain Morgan and its parent company Diageo to St. Croix with a promise to share an anticipated $150 million in federal excise tax rebates on sales in the U.S. The move will cost Puerto Rico, where unemployment at 16%, about 3,000 jobs. "This parade is about pride and respect, and Captain Morgan has shown us neither," parade Chairwoman Madelyn Lugo tells the Daily News.
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