2024 Annual Review (SPREADS)

We are proud to present the 2024 Annual Review, a reflection of the resilience, growth, and
innovation that have defined this past year. As we look back on 2024, we are inspired by the unwavering commitment
of Philadelphia’s businesses, developers, nonprofits, and community organizations that continue to drive economic
opportunity and prosperity across the city.

2024 Annual Review (PAGES)

We are proud to present the 2024 Annual Review, a reflection of the resilience, growth, and
innovation that have defined this past year. As we look back on 2024, we are inspired by the unwavering commitment
of Philadelphia’s businesses, developers, nonprofits, and community organizations that continue to drive economic
opportunity and prosperity across the city.

Restart PHL Report: Final Impact

PIDC has a 65-year history of leading Philadelphia’s economy through periods of economic change. In March 2020, when the COVID-19 pandemic prompted the city to restrict in-person activities to curb the disease’s spread, PIDC promptly sprung into action, marshaling our capital to assist businesses in navigating an unparalleled crisis. With the end of the federal COVID-19 emergency in May 2023, it is important to highlight who PIDC served through Restart PHL and the impacts our emergency-driven investing had on small businesses in Philadelphia.

2023 Annual Review (SPREADS)

PIDC’s 2023 Annual Review, highlighting our commitment to driving economic growth and fostering equitable development across Philadelphia last year. Despite the challenges posed by the global landscape, we have remained resilient, adaptive, and proactive in our efforts to support small businesses, spur real estate developments, facilitate lending, and administer grants for the betterment of our community.

2023 Annual Review (PAGES)

PIDC’s 2023 Annual Review, highlighting our commitment to driving economic growth and fostering equitable development across Philadelphia last year. Despite the challenges posed by the global landscape, we have remained resilient, adaptive, and proactive in our efforts to support small businesses, spur real estate developments, facilitate lending, and administer grants for the betterment of our community.

2022 Annual Review

Through 2022, PIDC continued to focus on six strategic priorities set forth in early 2021 to guide our strategic business planning, resource prioritization, and decision-making as Philadelphia continued to rebound from the pandemic. Those six priorities focused on a commitment to help lead Philadelphia’s economic recovery and deploy PIDC’s resources across all that we do.

EPA Cleanup Grant FY24 Draft

Draft application to the EPA to request FY24 Cleanup Grant funding to perform environmental remediation of 1700 South 49th Street, Philadelphia, PA 19143.

Theory of Change 2023-2026

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.

Strategic Framework 2023-2026

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.

2021 Annual Review

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.