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We are Philadelphia’s public-private economic development corporation. We provide financing and real estate products to businesses, nonprofits, and developers in all neighborhoods of Philadelphia.

Financing

PIDC has financing resources to serve the unique needs of businesses, nonprofits, and real estate developers. Learn how we can connect you to the capital or information you need to grow.

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Real Estate

With a robust diverse selection of land, properties, and financing tools, PIDC provides a full range of resources to support impactful real estate development projects in Philadelphia that create quality jobs, advance equity and promote sustainability.

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Client Success Stories & News Updates

View stories from PIDC’s diverse partners and clients, highlighting the impact of our work. Plus, check out the latest news and updates on PIDC.

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Our Impact at a Glance

The numbers speak volumes. See the facts and figures on PIDC's activities. Since its inception, PIDC has had a transformative impact across Philadelphia:

13K+

Transactions supporting a diverse range of clients

$19.4B+

Financing, helping retain and create hundreds of thousands of jobs

3K+

Acres of land sales, spurring transformative projects

$427M+

Loan portfolio at year-end 2022, representing 521 loans

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“PIDC supported me as a founder in building my credit and connecting me to resources and financial coaches. I can’t speak highly enough of what PIDC’s support means to us.”

Will Toms
Co-Founder & Chief Creative Officer @ REC Philly

PIDC Theory of Change & Strategic Framework

With a strong foundation and a 65-year track record, PIDC identified the need to develop a new Theory of Change with three intersecting lenses – racial equity, future of work, and resilience and sustainability.  This plan builds the basis for the PIDC Strategic Framework which is intended to serve as 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.

View PIDC's Strategic Framework

Reinventing the Navy Yard

Since acquiring the 1,200-acre site from the Federal Government in 2000, PIDC serves as the master developer of the Philadelphia Navy Yard by leading the planning, development, and operation of the Navy Yard on behalf of the Philadelphia Authority for Industrial Development (PAID).  Dubbed the “the coolest shipyard in America” by POLITICO, today, the Navy Yard is an expanding community of 15,000 employees and 150 employers who occupy 8M square feet of facilities across a mix of property types, including office, retail, industrial, research and development, and institutional.

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Latest News

March 20, 2024

Move, Breathe, Thrive — The Growth of Monarch Yoga

Amid the uncertainty of COVID-19, while many businesses were pausing operations, one small business dared to defy the odds and  set up shop. Monarch Yoga emerged as a respite from the stress and loneliness many of us felt during the pandemic. Michelle Dillon opened Monarch Yoga in June of 2020 to answer the call for

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March 20, 2024

Mixing Business with Family: Cathryn’s Cake Salon Finds Recipe for Sweet Success

In Philadelphia’s West Oak Lane neighborhood, there’s a bakery that’s about more than fresh cakes, pastries, and desserts; it’s about family. Cathryn’s Cake Salon is a testament to the power of family-owned businesses.  Inspired by Fluellen family matriarch Cathryn, the bakery is a true family affair. Cathryn’s Cake Salon is powered by mother Cheryl Foat

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March 20, 2024

7 Tips for You to Succeed in Your Internship With PIDC

As the 2023-2024 school year comes to an end, it is time to start applying for internships. Landing an internship in your desired field of work can help you decide what will be the right fit, improve your skill sets with hands-on experience, expand your network, and gain critical experience in working with a team.

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