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We are Philadelphia’s public-private economic development corporation. We provide financing and real estate products to businesses, nonprofits, and developers in all neighborhoods of Philadelphia.

Financing

PIDC has financing resources to serve the unique needs of businesses, nonprofits, and real estate developers. Learn how we can connect you to the capital or information you need to grow.

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Real Estate

With a robust diverse selection of land, properties, and financing tools, PIDC provides a full range of resources to support impactful real estate development projects in Philadelphia that create quality jobs and advance economic growth.

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Client Success Stories & News Updates

View stories from PIDC’s diverse partners and clients, highlighting the impact of our work. Plus, check out the latest news and updates on PIDC.

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Our Impact at a Glance

The numbers speak volumes. See the facts and figures on PIDC's activities. Since its inception, PIDC has had a transformative impact across Philadelphia:

13K+

Transactions closed, supporting a diverse range of clients

$21B

in financing, helping retain and create hundreds of thousands of jobs

3K+

Acres of land sales, spurring transformative projects

$520M+

Loan portfolio at year-end 2024, representing 548 loans

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“PIDC supported me as a founder in building my credit and connecting me to resources and financial coaches. I can’t speak highly enough of what PIDC’s support means to us.”

Will Toms
Co-Founder & Chief Creative Officer @ REC Philly

PIDC Theory of Change & Strategic Framework

With a strong foundation and a 65-year track record, PIDC’s Theory of Change builds the basis for our Strategic Framework, providing a roadmap for PIDC to fulfill its mission and drive economic growth that benefits all Philadelphians in an increasingly competitive global economy.

View PIDC's Strategic Framework

Reinventing the Navy Yard

Since acquiring the 1,200-acre site from the Federal Government in 2000, PIDC serves as the master developer of the Philadelphia Navy Yard by leading the planning, development, and operation of the Navy Yard on behalf of the Philadelphia Authority for Industrial Development (PAID).  Dubbed the “the coolest shipyard in America” by POLITICO, today, the Navy Yard is an expanding community of 15,000 employees and 150 employers who occupy 8M square feet of facilities across a mix of property types, including office, retail, industrial, research and development, and institutional.

Visit the Navy Yard

Latest News

May 22, 2025

Korea Taqueria Blends Cultures and Cuisines in Philadelphia

Founded in 2022 by Korean Australian chef Alexander Sherack and Mexican chef Rene Lopez, Korea Taqueria has quickly become one of Philadelphia’s most exciting culinary destinations. What began as a shared dream between two food truck owners is now a growing restaurant brand that blends the vibrant flavors of Korean and Mexican cuisine. Both chefs

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May 20, 2025

A Business Owner’s Guide to Purchasing Commercial Property in Philadelphia

Acquiring commercial real estate in Philadelphia can be a powerful way to grow your business and build long-term wealth. Whether you’re planning to purchase the space your business already operates out of or you’re considering moving to a new neighborhood, owning your property puts you in control. And as one of the hottest real estate

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May 13, 2025

Creating a Mentally Healthy Workplace: Practical Steps for Small Businesses

Running a small business means juggling a lot—from keeping customers happy to managing day-to-day operations. But an important area that’s often overlooked is the wellbeing of you and your employees. While larger companies often have dedicated HR teams or employee wellness programs, small business owners may be working on tight budgets and limited knowledge. The

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