May 20, 2012
In 2011, PIDC closed 180 transactions, investing $555 million with total project costs of $958 million. The Annual Review features recent client stories from throughout Philadelphia’s neighborhoods and across several different market sectors: Emerging and Small Business, Neighborhood Development, Non-Profit, Industrial, Corporate and Commercial Development, The Navy Yard, and Sustainability. These stories demonstrate how PIDC’s clients are contributing to the continued growth and vitality of Philadelphia, and truly made the report come to life.
To showcase the new review, PIDC celebrated with a client appreciation event at The Center for Art in Wood, a PIDC client located in Old City. PIDC staff, board members, partners, and clients were all in attendance and the event was catered by Brulee Catering, another PIDC client. Shane’s Confectionary, which recently renovated and expanded its operations with support from PIDC, provided a chocolate treat for guests to end the evening.
Mayor Michael A. Nutter, President and CEO of the Greater Philadelphia Chamber of Commerce Rob Wonderling, and PIDC President John Grady spoke about the importance of public-private partnerships and thanked all of the for-profit and non-profit businesses, institutions, and developers in attendance for the investments that they have made and will continue to make in Philadelphia.
PIDC is stepping into a new year with new ideas and new clients. PIDC is looking forward to bringing you new energy while still maintaining the same philosophy of keeping its clients first, working closely with its economic development partners, and helping Philadelphia grow economically.
For more information about PIDC and to download the 2011 Annual Review please visit www.pidc-pa.org.