We believe that growing a global economy through inclusive economic development is critical to achieving a high quality of life for all who live and work in Philadelphia.
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.
AT THE BEGINNING OF 2021: PIDC set forth six strategic priorities to guide our work. At the top of those priorities is a commitment to playing a leadership role in Philadelphia’s economic recovery and deploying PIDC’s resources across all that we do – lending, business support services, real estate activity, and leveraging our own purchasing power—in ways that address racial inequity and poverty in Philadelphia.
As we move further away from the year of 2020, we’ve had the opportunity to reflect on it with greater clarity and context. The toll on our city and our country was tragic and will be felt for generations. Never before have we simultaneously faced a global public health crisis, an economic and employment disaster, and a community impacted deeply by long-standing issues of unequal justice and racism.
2019: PIDC continued to drive growth to every corner of Philadelphia—closing 195 transactions in 87% of the city’s zip codes.
Our approach to Covid-19 economic recovery. PIDC will approach our COVID-19 economic recovery strategies through the lens of our vision for a Philadelphia economy that is growing, diversified, and inclusive in order to achieve a high quality of life for all those who live and work here.
What does it take to be a qualified opportunity zone business? As small businesses often struggle to access capital from traditional venture capital and private equity sources due to the business’ scale and growth trajectory, it is important for business owners to take advantage of funding whenever possible.
Celebrating 60 years of driving growth to every corner of Philadelphia. 2018: PIDC continued to drive growth to every corner of Philadelphia—closing 176 transactions in 87% of the city’s zip codes.
Philadelphia is a vibrant hub of diverse economic activity. With a growing population, broad talent pool, and excellent quality of life, opportunities for growth are on the rise.
2017: PIDC continued to drive growth to every corner of Philadelphia—closing 223 transactions in 90% of the city’s zip codes. We are 2017 delighted to share some of our success stories from 2017.