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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, advance equity and promote sustainability.

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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 supporting a diverse range of clients

$19.4B+

Financing, helping retain and create hundreds of thousands of jobs

3K+

Acres of land sales, spurring transformative projects

$427M+

Loan portfolio at year-end 2022, representing 521 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 identified the need to develop a new Theory of Change with three intersecting lenses – racial equity, future of work, and resilience and sustainability.  This plan builds the basis for the PIDC Strategic Framework which is intended to serve as a roadmap for PIDC to achieve its mission and strive toward a more inclusive, equitable, and sustainable Philadelphia where all residents benefit from economic development and a growing 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.

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Latest News

December 7, 2023

REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM (RACP) OPENING DEC 8

The Pennsylvania Redevelopment Assistance Capital Program (RACP) offers matching grants funded by the Pennsylvania Office of the Budget for the acquisition and construction of economic development, cultural, civic, recreational, and historical improvement projects.  RACP will open for grant applications on December 8, 2023 and close on January 12, 2024.   Grants generally range from $1,000,000 to

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November 21, 2023

2023 CDFA National Development Finance Summit Recap

On November 9, PIDC had the pleasure of welcoming—and sponsoring— the Council of Development Finance Agencies (CDFA) to Philadelphia for its National Development Finance Summit. PIDC President Jodie Harris helped kick off the summit by sharing how we help grow our local economy and drive growth to every corner of our city through inclusive economic

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November 21, 2023

SHOP PHL: Support Local

As we gear up for the busy holiday shopping season, PIDC clients across the city have unique foods, beverages, and services available to support your every need.  Also, on Saturday, November 25, commercial corridors across the city are participating in the annual Small Business Saturday. Come out and shop at your favorite local small businesses—or

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