Puerto Rico Industrial Development Company

Puerto Rico Industrial Development Company
Agency overview
FormedMay 11, 1942; 82 years ago (1942-05-11)
Preceding agency
  • Puerto Rico Economic Development Administration
Jurisdictionexecutive branch
HeadquartersSan Juan, Puerto Rico
Agency executive
Parent departmentDepartment of Economic Development and Commerce
Child agency
Key document
Websitewww.pridco.com

The Puerto Rico Industrial Development Company (PRIDCO) —Spanish: Compañía de Fomento Industrial de Puerto Rico (or simply Fomento)— is a government-owned corporation of Puerto Rico authorized and empowered to induce private capital into Puerto Rico in order to establish trade, cooperatives, and industrial operations in Puerto Rico.[1] As its primary function, PRIDCO is known for providing incentives to both native and foreign companies that either manufacture in Puerto Rico or export from Puerto Rico.

  1. ^ "PRESUPUESTOS ANTERIORES" (PDF). www.presupuesto.pr.gov.