• Financial Services
• Loan Packaging
• Land & site selection for relocating or expanding
PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION (PIDC) is
a private, not-for-profit Pennsylvania corporation, founded
in 1958 by the City of Philadelphia and the Greater Philadelphia
Chamber of Commerce to promote economic development throughout
the city.
PIDC’s central strategy is to leverage financing and
real estate resources to retain and to grow employment in
Philadelphia. Clients range from the traditional base of
commercial and industrial businesses to the developers of
large, public purpose facilities, in all neighborhoods of
Philadelphia.
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 55
full-time employees and the annual budget is funded largely
from service fees generated by PIDC’s business activities.
Throughout its long history, PIDC has closed a total of
4600 individual transactions with combined project costs
of $10 billion, which have contributed to retaining and
creating over 385,000 jobs in Philadelphia.
