Corporate & Commercial Development
With a diverse selection of land, properties and financing tools to offer, PIDC is a catalyst for commercial development throughout all neighborhoods of Philadelphia.
America’s fifth largest city and home to its third largest residential downtown
Philadelphia is a smart choice for commercial investment and development. In recent years, the city has experienced a boom in the development of hotels, mixed-use residential and commercial projects, downtown retail, and neighborhood shopping centers.
With a diverse selection of land, properties and financing tools to offer, PIDC is a catalyst for commercial development in Philadelphia. We provide direct capital in the form of senior or subordinate term loans generally based on job creation and/or environmental sustainability. We also facilitate tax-exempt financing and grants for qualifying development projects. We offer real estate acquisition and development opportunities with City and PIDC owned properties throughout Philadelphia. Finally, through our network of partnerships with City and State government and throughout the economic development community, we can help you navigate the process bring your project to fruition.
Anne Bovaird Nevins
The process for sale or leasing of individual locations differs for each property type. We invite you to search the available property listings below and contact PIDC to discuss your real estate needs.
See Available Property Listing
Neighborhood Development Loan
The Neighborhood Development Loan, currently in a pilot phase, provides affordable financing to fill funding gaps for developers of mixed-use, commercial and industrial projects located throughout Philadelphia’s neighborhoods.
Subordinate Term Loan
Financing for experienced developers of commercial and industrial projects to fill a hole in the capital stack for a specific project.
Welcome Fund (EB-5) Loan
Low-interest senior financing offered exclusively for large-scale, job-creating projects undertaken by strong governmental, corporate, or institutional entities.
Bridge financing available to companies' projects that have been awarded a public grant and are in need of short-term financing.
Tax Exempt Bond Program
Administered by PIDC, provides tax-exempt bond financing for capital projects or equipment lease/purchase by certain manufacturing or 501(c)(3) organizations.
New Markets Tax Credits (NMTC)
A federal tax credit program designed to generate private-sector capital investment in low-income areas for projects that develop communities, stimulate economic growth, and create jobs.
Tax Increment Financing (TIF)
An alternative financing tool that enables local taxing bodies to establish a district in a blighted area within which increases in taxes resulting from development of the district can be applied to project costs in the district or to project-related debt service.
Redevelopment Assistance Capital Program (RACP)
This Commonwealth-funded grant program supports the acquisition and construction of regional economic, cultural, civic and historical improvement projects.
Stormwater Grants Program
The Philadelphia Water Department (PWD) partners with PIDC to offer stormwater grants to fund the design and construction of stormwater retrofit projects on commercial, industrial, multifamily and institutional properties.
Revitalizing Commercial Corridors
In Midtown Village, the revitalization of 13th Street and its surrounding area has injected a new surge of activity into one of Center City’s most colorful commercial corridors.
Investing in Our Communities
In South Kensington, a $38 million mixed use project has transformed an abandoned factory into affordable living space for inner city teachers and an educational hub for non-profit organizations.