We are Philadelphia’s public-private economic development corporation.
PIDC is a nonprofit organization founded by the City of Philadelphia and the Chamber of Commerce for Greater Philadelphia in 1958.
Mission & Values
Our mission is to grow a global economy through inclusive economic development that ultimately achieves a high quality of life for all who live and work in Philadelphia. PIDC works with companies of all sizes driving growth to every corner of Philadelphia. We work on projects that are big and small with businesses, developers, and nonprofits in every sector.
PIDC is committed to driving transformative growth for Philadelphians with a human-centered approach by directing our financial and real estate services, knowledge, and networks toward creating a vibrant and sustainable Philadelphia. To achieve this mission, PIDC focuses on five areas:
CAPACITY: Create and sustain internal capacity and external partnerships to scale the availability and breadth of economic development resources and solutions to clients.
CAPITAL ACCESS AND SERVICES: Expand financing and business support services to benefit under-resourced communities and marginalized populations.
LAND USE: Catalyze development of projects that create quality jobs, advance equity, and promote sustainability.
KNOWLEDGE & NETWORKS: Share knowledge and networks to respond to client, partner, and market needs.
EMPLOYEE WELL-BEING: Elevate the physical, mental, and financial well-being of PIDC employees and provide opportunity for each to thrive and grow professionally.
HOW WE DO IT
We offer flexible financing tools, a targeted portfolio of industrial and commercial real estate, and decades of Philadelphia-based knowledge to help our clients invest, develop, and grow. We also structure and invest in public-private partnerships for key City policy areas and development priorities.
PIDC is the management company for all the real estate, finance, and other economic development transactions undertaken in pursuit of its mission. PIDC manages a family of organizations to attract and deliver resources throughout Philadelphia.
PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT (PAID)
PAID is a public authority supporting broadly defined economic development objectives, including the ability to own, lease, and sell real estate, serve as a conduit for government-based loans, grants, and real estate programs, and issue tax exempt debt to qualified nonprofit and industrial borrowers.
PIDC is the management company for all the real estate, finance, and other economic development transactions undertaken in pursuit of its mission. PIDC manages a family of organizations to attract and deliver resources throughout Philadelphia.Learn More
PIDC COMMUNITY CAPITAL
PIDC CC is a private, nonprofit 501(c)(3) subsidiary of PIDC, established to focus specifically on attracting resources from public, private, and philanthropic sources to develop and implement community investment, business lending, and real estate finance programs for underserved populations and distressed areas in Philadelphia.Learn More
PIDC REGIONAL CENTER
The PIDC Regional Center is a partnership that was established in 2001 between PIDC and CanAm Enterprises, LLC (CanAm) to sponsor investment opportunities in qualifying projects that meet the requirements of the U.S. Immigration Investor Program (EB-5 Program), which is overseen by the U.S. Citizenship & Immigration Services (USCIS).Learn More
BRINGING ECONOMIC GROWTH TO PHILADELPHIA
In the last 64 years of PIDC’s history, its public-private track record is impressive, with more than 13,000 transactions settled (including nearly $18.5 billion of financing and more than 3,350 acres of land sales). PIDC’s activities have leveraged over $45 billion in total investment and impacted the retention and creation of hundreds of thousands of jobs in Philadelphia.
A thirty-member Board of Directors, appointed by the Mayor of Philadelphia and the President of the Greater Philadelphia Chamber of Commerce, governs PIDC. The Staff includes approximately 55 full-time employees, and the annual operating budget is funded by a combination of fees generated by PIDC’s transaction activities, service and management contracts, and contributed revenue.Meet Our Board
WHO WE SERVE
PIDC supports businesses, developers, and nonprofits of all sizes and in every sector to grow and thrive.Learn More
“…PIDC was not only instrumental in helping me to purchase the building, but also in helping me get my credit straight, evaluate my situation, and helping me to clear up judgements [on my credit report]…”