Corporate & Commercial Development
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.
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CONTACT
Available Properties
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
PRODUCTS
Neighborhood Development Loan
The Neighborhood Development Loan, provides affordable financing to fill funding gaps for developers of mixed-use, commercial and industrial projects located throughout Philadelphia’s neighborhoods.LEARN MORE
Subordinate Term Loan
Financing for experienced developers of commercial and industrial projects to fill a hole in the capital stack for a specific project.LEARN MORE
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.LEARN MORE
Bridge Loan
Bridge financing available to companies' projects that have been awarded a public grant and are in need of short-term financing.LEARN MORE
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.LEARN MORE
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.LEARN MORE
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.LEARN MORE
Redevelopment Assistance Capital Program (RACP)
This Commonwealth-funded grant program supports the acquisition and construction of regional economic, cultural, civic and historical improvement projects.LEARN MORE
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.LEARN MORE
Soak It Up Adoption Program
Grant funding administered by the Philadelphia Water Department (PWD) for communities to help implement and maintain green stormwater infrastructure (GSI).LEARN MORE
We are Philadelphia’s public-private economic development corporation. PIDC spurs investments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia. PIDC is a non-profit founded by the City of Philadelphia and the Greater Philadelphia Chamber of Commerce in 1958.
CONTACT
1500 Market StreetSuite 3500 West
Philadelphia, PA 19102
info@PIDCphila.com
215-496-8020
215-977-9618
CLIENT RELATIONS
215-496-8020
