About PIDC

PIDC is Philadelphia’s public-private economic development corporation.

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. Armed with flexible financing products, a targeted portfolio of industrial and commercial real estate, and decades of Philadelphia-based knowledge, PIDC provides the resources and expertise to help our clients invest, develop, and grow.

To achieve our mission PIDC attracts, manages, and invests public and private resources in the clients, communities, and markets that energize Philadelphia’s economy. Over the past 56 years, PIDC and its affiliates have settled 6,300 transactions including $11.8 billion in financing that has leveraged over $21.7 billion in total investment and assisted in creating and retaining hundreds of thousands of jobs.  Our direct loan and managed third-party portfolio at year-end 2013 exceeded $625 million, representing almost 550 loans.