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. 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.