[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.

[2][3] As PREDA continued to transform Puerto Rico, PRIDCO eventually became an independent agency.

Today, PRIDCO also oversees the program to promote Puerto Rican rums which enjoy cover-over subsidies when sold in the United States.

[5] In August, 2019 employees of PRIDCO protested against the direction of PROMESA, the non-elected board working on restructuring Puerto Rico's debt.

[6][7] In early 2020, the police were investigating the illegal transfer of funds by PRIDCO to overseas accounts.