Celebrating Earth Day: PIDC Helps Create a Sustainable Future

Earth Day is celebrated every year on April 22nd to bring attention to our environment and encourage individuals, small businesses, and large corporations to contribute to sustainability and environmental protection. It’s a day to celebrate the beauty of our planet and recommit ourselves to protecting the Earth from human threats like deforestation, pollution, and climate

EPA Cleanup Grant

Public Meeting NOTICE IS HEREBY GIVEN that a public meeting will be held remotely by the Philadelphia Authority for Industrial Development (the “Authority”) on Wednesday November 8, 2023, at 4:00 pm via online web conference with an option to call in via phone. The meeting’s purpose is to solicit public comments regarding the Authority’s draft

PIDC Announces Recipients of the 2023 PIDC-D’Alessio Scholarship for Urban Development

PIDC is proud to announce the fifth-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

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

New Grant Funding to Enhance Southwest Philadelphia

New federal grants will help SEPTA implement a major trolley modernization and complete streets project and help PHA revitalize Bartram Village, building on PIDC’s efforts to enhance quality of life in Southwest Philadelphia NOTE: This post has been updated to reflect a new Neighborhood Choice Grant announced on July 26, 2023. New Neighborhood Choice Grant:

Earth Day Spotlight: PIDC Projects Contributing to Sustainability

This year’s theme for the environmental movement, Earth Day, is “Invest in Our Planet.” PIDC has been doing just that by investing in sustainable projects that are working to protect the environment in many ways. PIDC invests in both sustainable and equitable projects by supporting job growth, economic growth, and preservation of natural resources. PIDC’s sustainable

Three Years of COVID-19: How PIDC Responded & How Our Clients Succeeded

March 10, 2023 marks three years since Philadelphia confirmed its first case of COVID-19. Philadelphians and people around the globe faced an unprecedented situation with devastating impacts on our health and our economy.  We at PIDC have been on the front line of the economic side of this crisis, acting with urgency and empathy to

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

2022 Philadelphia Industrial Market & Land Use Strategy Study & Report

This summer, PIDC, in partnership with the Philadelphia City Planning Commission and the Philadelphia Department of Commerce, will initiate work on the cutting-edge 2022 Philadelphia Industrial Market and Land Use Strategy Study and Report which will play a major part in developments in the city for the next decade or more. As an update from