Manufacturing and Industry
For over 50 years, PIDC has been a champion of manufacturing and industry, helping to provide financing and real estate to support the next phase of industrial growth in Philadelphia.
The industrial sector
Philadelphia’s industrial sector consists of traditional and not-so traditional manufacturing, regional and national distribution, warehousing, logistics, and transportation companies. Industrial businesses account for one in every five jobs in Philadelphia and $1.3 billion in wages annually. Industrial and manufacturing businesses benefit from the centralized location, advanced infrastructure, abundant workforce, and competitive operating costs of Philadelphia to help make, move, or mend their products.
For over 50 years, PIDC has been a champion of industry, helping to provide financing and real estate for the next phase of industrial growth. We support your business growth with flexible capital in the form of senior or subordinate term loans, and we offer real estate acquisition and development opportunities at The Navy Yard and citywide. Through our strong partnerships with government and other economic development organizations, we can also help connect you to incentives and services.
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 Industrial Properties
Working Capital & Equipment Loan
Supports small and midsize businesses and nonprofits that need term financing for working capital, equipment, or leasehold improvements to support their growth.
Capital Project Loan
For businesses or non-profit organizations undertaking capital projects such as building acquisition, renovation, leasehold improvements or equipment that need additional subordinate financing to complete the project.
Contract Line of Credit
Provides small, minority, women, and disabled-owned businesses a line of credit to fund contract-related working capital.
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.
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).
Commercial Mortgage Loan
Designed to support small businesses and nonprofits that need financing to purchase buildings that they either
currently occupy or intend to relocate to, these loans will be targeted to small businesses owned by minorities, women,
immigrants, veterans, or other disadvantaged populations as well as nonprofits and businesses located in low income
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.
Dietz & Watson
Structuring Real Estate Deals for Growth
After a fire destroyed the company’s New Jersey distribution center, Dietz & Watson turned to PIDC to help them expand their Philadelphia headquarters.
La Cucina at the Market
A Referral to Success
La Cucina at the Market is a nine year old demonstration kitchen business owned by, Anna Maria Florio, a Philadelphia native, chef, and culinary instructor who trained in the Campania region of Italy. La Cucina offers a unique, interactive culinary experience with a rotating schedule of themed classes.
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.