The toll on our city and our country was tragic and will be felt for generations. Never before have we simultaneously faced a global public health crisis, an economic and employment disaster, and a community impacted deeply by long-standing issues of unequal justice and racism. 

And yet, never before have we seen our city and our communities respond with such resilience, reflection, innovation, and collaboration. 

I am incredibly proud of the work that the PIDC team took on in 2020 to create new programs and partnerships to steer our economy through all the challenges our city faced. Working alongside many partners, we sought to do everything in our power to drive an equitable and inclusive economic recovery in Philadelphia. 

PIDC adopted a four-phase approach to Philadelphia’s long-term economic recovery:  Respond, Restart, Recharge, and Reimagine.  And with a strong emphasis on delivering immediate relief measures and critical support to those who were seeking to reopen, we completed more transactions last year than we did in the last five years combined.

While our economic activity can be recorded in numbers, the ultimate measure of our success is in the impact our progress has on the people of our city. That’s why our COVID-19 recovery strategies put our community’s health, safety, and prosperity at the forefront.

With 2021 drawing to a close, we are already seeing many reasons to feel optimistic about our city and our shared future.  We have committed to playing a leadership role in Philadelphia’s economic recovery and to deploying PIDC’s resources – across all that we do – in ways that address racial inequity and poverty in Philadelphia.  

We look forward to a brighter future for Philadelphia and all of the incredible people and companies that bring life to our city. 

Anne Bovaird Nevins
President
PIDC