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Agency overview | |
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Formed | May 11, 1942 |
Preceding agency |
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Jurisdiction | executive branch |
Headquarters | San Juan, Puerto Rico |
Agency executive |
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Parent department | Department of Economic Development and Commerce |
Child agency | |
Key document | |
Website | www |
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 attract private capital to Puerto Rico to establish trade, cooperatives, and industrial operations.[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 it.