PIDC Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2025

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For Immediate Release: March 18, 2025 Contact: Kevin Lessard, PIDCSVP, Marketing Communications & Government PHILADELPHIA —PIDC, Philadelphia’s public-private economic development corporation is proud to have been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2025, earning the #7 spot in the Economic Development category. This year’s list shines a

PIDC Expands Commitment to Future Economic Development Leaders with Launch of New PhiDEL Scholarship

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For Immediate Release: February 18, 2025 Contact: Kevin Lessard, PIDCSVP, Marketing Communications & Government PHILADELPHIA — Today, PIDC—Philadelphia’s public-private economic development corporation—is proud to announce the launch of the Philadelphia Diverse Emerging Leaders (PhiDEL) Scholarship and Internship Program. This new initiative builds on PIDC’s long-standing commitment to fostering the next generation of economic development

PIDC Community Capital Announces $4 Million Grant From Philanthropist MacKenzie Scott’s Foundation

FOR IMMEDIATE RELEASE:October 15, 2024 CONTACT:Kevin PIDC Community Capital Announces $4 Million Grant From Philanthropist MacKenzie Scott’s Foundation The Community Development Financial Institution (CDFI) arm of Philadelphia’s economic development corporation is thrilled to receive the unexpected gift to support its mission of driving growth across Philadelphia PHILADELPHIA — Today, PIDC — Philadelphia’s public-private economic

PIDC Announces It Has Received A $55 Million Allocation In Federal New Markets Tax Credits

The 9th award for PIDC Community Capital for a total of $473 million in New Markets Tax Credit allocations over 16 years For Immediate Release: September 19, 2024 Contact: Kevin Lessard, PIDCSVP, Marketing Communications & Government Today, PIDC—Philadelphia’s public-private economic development corporation—announced its CDFI subsidiary, PIDC Community Capital, was awarded $55 million in New

Firms Selected to Transform Historic Family Court Building & Adjacent Parking Lot on Philadelphia’s Iconic Benjamin Franklin Parkway

For Immediate Release: August 29, 2023Contacts: Firms Selected to Transform Historic Family Court Building & Adjacent Parking Lot on Philadelphia’s Iconic Benjamin Franklin Parkway National Real Estate Development and Frontier Development and Hospitality Group’s winning proposal places the African American Museum of Philadelphia in a brand-new building in a marquee location on the Parkway, provides

PIDC Launches Redesigned & Reimagined Websites

For Immediate Release: July 6, 2023Contacts: Kevin Lessard, PIDC Launches Redesigned and Reimagined Websites The economic development corporation’s two flagship websites, PIDCphila.com and NavyYard.org, aim to better serve businesses, nonprofits, and developers PHILADELPHIA — Today, the Philadelphia Industrial Development Corporation (PIDC) announced the overhaul of the organization’s two flagship websites – PIDCphila.com and NavyYard.org

Jodie Harris Named Next President of PIDC

CONTACTS: Kevin Lessard, Liz Ferry, Chamber of Sarah Peterson, City of Harris, who currently leads the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund), will be the 12th chief executive and the first African American woman to serve in the role in PIDC’s 65-year history. PHILADELPHIA (February 23,

PIDC Announces Current Executive VP Sam Rhoads as Interim President

NEWS RELEASE FOR IMMEDIATE RELEASE CONTACTS: Jazmund Walker, PIDC Director, Marketing Communications 215.496.8199 25+ year PIDC senior executive Sam Rhoads to serve as interim president of PIDC and PIDC Community Capital until the appointment of a new permanent president in early 2023.  PHILADELPHIA (December 7, 2022) – Today, PIDC announced that current Executive Vice

PIDC ANNOUNCES A $45 MILLION ALLOCATION IN U.S. TREASURY NEW MARKETS TAX CREDITS

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)

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)