PIDC’S New Strategic Framework

The Theory of Change builds the basis for PIDC’s new strategic framework. The PIDC Strategic Framework  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. The Framework provides PIDC


CONTACT: Jazmund Walker, PIDC Marketing Communications Manager 215.496.8199 The 8th award for PIDC Community Capital for a total of $418 million in New Markets Tax Credit allocations over 14 years PHILADELPHIA (October 28, 2022) – Today, PIDC announced its CDFI subsidiary, PIDC Community Capital, was awarded $45 million in New Markets Tax Credit (NMTC)

Meet Our New Board Members & Officers

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Recently, we added new members to our PAID and PIDC Boards of Directors. Jim Engler, Esq, chief of staff and executive director of the office of the president for ChristianaCare Health System has joined the board of PAID and Emily Bittenbender, owner of Bittenbender Construction, LP has joined the PIDC board. Meet our new members

Lewis C. Cassidy Academics Plus School Hosts a Groundbreaking Ceremony

This month the Lewis C. Cassidy Academics Plus School hosted a groundbreaking ceremony at 6523 Lansdowne Ave. Superintendent Tony Watlington, representatives from Senator Vincent  Hughes’ office, Rep. Morgan B. Cephas, Councilmember Curtis Jones Jr., and 10 students from the first graduating class of the new Lewis C. Cassidy Academic Plus School were among the honored

PIDC Announces Korn Ferry Selected for PIDC President Executive Search

CONTACTS: Jazmund Walker, PIDC Marketing Communications Manager 215.496.8199 Charles S. Ingersoll, Jr., Korn Ferry Senior Client Partner Following a competitive RFP process, Korn Ferry was selected as PIDC’s executive search firm for its ability to garner a diverse pipeline of executive candidates to fill the role of PIDC president.  PHILADELPHIA (September 16, 2022)

PIDC Introduces New Theory of Change To Drive Growth to Every Corner of Philadelphia

PIDC continued to drive growth to every corner of Philadelphia—closing 2,035 transactions in 100% of the city’s zip codes in 2021. We delivered and supported $725.5M in financing and $29.5M in COVID-19 relief grants and loans. In addition, PIDC sold 40 acres of land city-wide for job-creating projects. With a strong foundation and 64-year track

Update on the Philadelphia Industrial Market & Land Use Strategy Study & Report

  PIDC is gathering a diverse group of individuals to provide feedback for the Philadelphia Industrial Market & Land Use Strategy Study & Report, which consists of comprehensive insight on the current conditions and anticipated future trends of Philadelphia’s industrial environment. PIDC, in partnership with the Philadelphia City Planning Commission and the Philadelphia Department of

PIDC Announces Recipients of the 2022 PIDC-D’Alessio Scholarship for Urban Development

PIDC is proud to announce the fourth-round recipients of the PIDC-D’Alessio Scholarship for Urban Development. The scholarship was launched in 2019 to support graduate students at Philadelphia schools seeking to pursue a career in urban development and finance. The scholarship was created by PIDC in recognition of M. Walt D’Alessio’s decades of commitment and leadership

PIDC Business Builder Workshops

Join us this fall to grow your business with PIDC Business Builder Workshops, which provide critical business education to businesses and organizations from every market sector. Presented by subject matter experts, these workshops are foundational in building skills, making connections, and providing components needed to reach strategic growth goals. Business Builder Workshops are also free

PIDC Clients You Need to Know – Millennial Business Owners

This month, we’re recognizing our incredible PIDC clients who are millennial business owners. Millennials have contributed greatly to the new and innovative landscape of the business model as we know it – from embracing digital media to getting creative with e-commerce. Millennials were a big driver of Philadelphia’s population growth prior to the pandemic. According