PIDC
Driving Growth
to every corner of Philadelphia
Who We Are
 
 
 
 
We are Philadelphia’s public-private economic development corporation.
PIDC is a non-profit organization founded by the City of Philadelphia and the Chamber of Commerce for Greater Philadelphia in 1958. 

MISSION & VALUES

Our mission is to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia.

To achieve our mission we attract, manage, and invest public and private resources in the clients, communities, and markets that energize Philadelphia’s economy.

HOW WE DO IT

We offer flexible financing tools, a targeted portfolio of industrial and commercial real estate, and decades of Philadelphia-based knowledge to help our clients invest, develop, and grow. We also structure and invest in public-private partnerships for key City policy areas and development priorities.

PIDC manages a family of organizations to accomplish our mission:

Philadelphia Authority for Industrial Development (PAID)

A public authority organized to undertake three main activities in support of PIDC’s mission. PAID is a vehicle through which PIDC manages industrial and commercial real estate; issues taxable and tax-exempt bonds on behalf of non-profits and manufacturers; and delivers governmental grant funding for economic development projects throughout the city.
www.paid-pa.org

PIDC Community Capital

A 501(c)(3) non-profit and certified community development financial institution (CDFI) which supports PIDC’s mission of community investment and delivers additional resources with a particular focus on small business lending and technical assistance in underserved, low-income communities.
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PIDC Regional Center

The PIDC Regional Center is a partnership between PIDC and CanAm Enterprises, LLC to sponsor investment opportunities in projects that qualify for the U.S. Immigration Investor Program (EB-5 Program).
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BRINGING ECONOMIC GROWTH TO PHILADELPHIA

Over the past 63 years, PIDC has settled over 9,800 transactions with a diverse range of clients – including more than $17.7 billion of financing and more than 3,300 acres of land sales – which have leveraged $31 billion in total investment and assisted in retaining and creating hundreds of thousands of jobs in Philadelphia.

GOVERNANCE

A thirty-member Board of Directors, appointed by the Mayor of Philadelphia and the President of the Greater Philadelphia Chamber of Commerce, governs PIDC. The Staff includes 65 full-time employees and the annual budget is funded largely from service fees generated by PIDC's business activities.

WHO WE SERVE

PIDC works with companies of all sizes in every area of Philadelphia. We work on projects big and small with businesses, developers, and non-profits in every sector.

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"...PIDC was not only instrumental in helping me to purchase the building, but also in helping me get my credit straight, evaluate my situation, and helping me to clear up judgements [on my credit report]..."
-- Chef David Simms, Owner, Eatible Delights Catering
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"...I've always loved working with PIDC. PIDC helps a lot of small businesses, as well as larger businesses. They are very thoughtful of where they get involved."..."
-- Rosemarie Certo, Founder, Dock Street Brewery
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"...The low interest rates, commitment to economic development and job creation has always been a great appeal to me. I am so grateful for the support PIDC has provided to local businesses over the years, but especially so for PIDC’s half in the wake of COVID..."
-- Ellen Yin, Founder & Co-owner, High Street Hospitality Group
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