From Abandoned Hospital to Industrial Hub: PIDC’s Vision for Byberry Delivers Jobs & Opportunity

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Redeveloping large and complex sites—particularly those in dense urban settings—takes time, commitment, and vision. PIDC’s Byberry Industrial Park proves it’s worth it. What began as the abandoned Philadelphia State Hospital campus is now a dynamic industrial and residential community—delivering jobs, investment, open space, and long-term economic impact for the city. As the City’s public-private economic

Venbisustore Creates Jobs & Opportunities for Venezuelans in Philadelphia

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In a city rooted in love, tradition, and entrepreneurship, businesses that support families and culture serve as vital pillars of Philadelphia’s economic growth. Among these many businesses is Venbisustore, a company dedicated to celebrating Venezuelan culture while uplifting communities. Founded in 2023 by Gladis Avila, Venbisustore imports handcrafted arts and crafts from towns and cities

A Business Owner’s Guide to Purchasing Commercial Property in Philadelphia

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Acquiring commercial real estate in Philadelphia can be a powerful way to grow your business and build long-term wealth. Whether you’re planning to purchase the space your business already operates out of or you’re considering moving to a new neighborhood, owning your property puts you in control. And as one of the hottest real estate

Creating a Mentally Healthy Workplace: Practical Steps for Small Businesses

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Running a small business means juggling a lot—from keeping customers happy to managing day-to-day operations. But an important area that’s often overlooked is the wellbeing of you and your employees. While larger companies often have dedicated HR teams or employee wellness programs, small business owners may be working on tight budgets and limited knowledge. The

Navy Yard Awarded $30 Million from PA SITES Program to Drive Job Growth & Economic Development

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For Immediate Release: May 8, 2025 Contacts: Charlotte Merrick, Tracy Buchholz, Ensemble/ More information and photographs highlighting the Commonwealth’s investment in the Navy Yard through the PA SITES program is available on this webpage. PHILADELPHIA, PA | May 8, 2025 – Today, Pennsylvania Governor Josh Shapiro joined Department of Commerce and Economic Development Secretary

Culture, Love, & Business – This is El Coquí

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El Coquí’s story began in 2009 when Yazmin Auli, a self-taught baker, turned her love for baking into a business. While working at Congreso de Latinos Unidos in Philadelphia, her coworkers enjoyed her delicious desserts, which she made for office potlucks and celebrations. Encouraged by the growing demand and love from her coworkers, Yazmin decided

Hops & Stops: Take a Tour of PIDC-Supported Breweries

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Philadelphia’s craft beer scene is thriving, and many of the city’s standout breweries have something in common—they’ve received support from PIDC. Whether through financing to help them grow, property to help them expand capacity, or grants to get them through challenging times, we’re here to help them navigate Philadelphia’s business landscape. Hops & Stops is

An Updated Vision for the Lower Schuylkill Innovation Campus

These initiatives aim to align the LSIC with its role as a future hub for innovation while delivering tangible community benefits in the interim. More information on PIDC’s work enhancing the quality of life and driving investment in Southwest Philadelphia is available online HERE. 

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