PAID is a public authority incorporated by the City of Philadelphia and organized to undertake three main activities. PAID is a vehicle through which PIDC manages properties and industrial sites on behalf of the City including property acquisition, improvement, environmental remediation and/or sale. PAID also issues taxable and tax-exempt bonds on behalf of non-profit organizations, qualified manufacturers, other exempt organizations, and the City of Philadelphia. PAID serves as a conduit for governmental contract and grant program funding for economic development projects throughout the City.
Governance
The day-to-day affairs of PAID are managed by the PIDC under the direction and governance of the five-member PAID Board appointed by the Mayor of Philadelphia.
BOARD MEMBERS
Chairperson
Evelyn F. Smalls
United Bank of PhiladelphiaTreasurer
Thomas A. K. Queenan
PIDCVice Chairman
David L. Hyman, Esq.
Kleinbard Bell & Brecker LLPSecretary
Kate Hagedorn
PAID is a public authority organized to manage industrial and commercial real estate; issue taxable and tax-exempt bonds; and deliver governmental grant funding for economic development projects throughout the city.
CONTACT