PIDC is a nonprofit partnership founded in 1958 by the City of Philadelphia and the Chamber of Commerce for Greater Philadelphia. Over the past 63 years, PIDC has settled over 10,900 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 more than $31 billion in total investment and assisted in retaining and creating hundreds of thousands of jobs in Philadelphia.
PIDC manages a family of organizations to accomplish our mission including our affiliated companies, PIDC Community Capital and Philadelphia Authority for Industrial Development (PAID). PIDC Community Capital is a 501c3 non-profit and certified CDFI created to attract resources with a particular focus on community lending and technical assistance in underserved, low-income neighborhoods. PAID is a public authority delivering real estate services and tax-exempt financing.