PIDC

What PIDC does

PIDC (Philadelphia Industrial Development Corporation) is Philadelphia's public-private economic development corporation, founded in 1958 and operating as a non-profit corporation headquartered at 1500 Market Street with 51-100 employees. Its mandate is to provide financing and real estate products to businesses, nonprofits, and real estate developers across Philadelphia neighborhoods, serving clients who face barriers to traditional bank financing through below-market loans, tax-exempt bonds, New Markets Tax Credits, EB-5 financing, and grants administration.

PIDC's product surface spans five revenue streams: business and commercial real estate lending (active loan portfolio of $510M+ across 584 loans at year-end 2025, with 297 transactions and 262 loans closed in 2024); tax-exempt bond issuance for industrial, commercial, and nonprofit projects; New Markets Tax Credit allocation and deployment through its wholly-owned CDFI subsidiary PIDC Community Capital (cumulative $473M over 16 years, $55M award in 2024); real estate development services as master developer of the 1,200-acre Philadelphia Navy Yard on behalf of the Philadelphia Authority for Industrial Development (8M sq ft, 150 employers, 15,000+ employees); and grants administration for federal/state programs including a $500K EPA Brownfields Assessment Grant. The organization has facilitated $21B in cumulative financing and closed 13,000+ transactions since inception.

Its go-to-market is relationship-led and direct-to-client, supported by a 50+ partner referral network (CDFIs, chambers of commerce, SCORE, Philadelphia Works, major bank investors including Bank of America, WSFS, and Truist) and by Business Builder Workshops delivered in English and Spanish. Pricing is quote-based on loan terms, with Navy Yard office leasing at $24-$27.50/sq ft and select KOZ/KIZ-incentivized properties at $1/sq ft. The organization does not rely on proprietary technology platforms; its differentiation rests on quasi-governmental authority, exclusive access to public land and federal program allocations, and 65+ years of institutional credibility with the City of Philadelphia, PAID, the CDFI Fund, SBA, and EPA.

Name

PIDC

Legal name

Philadelphia Industrial Development Corporation

Website

https://pidcphila.com

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

51–100 employees

Short description

PIDC is Philadelphia's public-private economic development corporation, founded in 1958, that provides financing (loans, bonds, NMTC) and real estate products to businesses, nonprofits, and developers, and serves as master developer of the 1,200-acre Philadelphia Navy Yard.

Ownership category

akta.pro rank

Product category

Economic Development Financing

NAICS

Administration of Housing Programs, Urban Planning, and Community Development (9251), Administration of Urban Planning and Community and Rural Development (92512), Grantmaking and Giving Services (81321), Portfolio Management and Investment Advice (523940)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Investment Advice (6282)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industry

Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)

Keywords

• Economic development financing
• Commercial lending services
• Community development finance
• Tax-exempt bond issuance
• Real estate master development

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Business Lending: PIDC provides various loan products including Business Loans, Commercial Real Estate financing, and restart programs for small businesses. Revenue is generated through interest income and fees on loan transactions.
2. Tax-Exempt Bonds: PIDC issues tax-exempt bonds for qualifying projects, generating issuance fees and ongoing relationship income from bond administration.
3. New Markets Tax Credits (NMTC): PIDC Community Capital has received multiple NMTC allocations ($55M in 2024, $50M in prior years) to spur private investment in targeted neighborhoods. This program generates credits that support community development projects.
4. Real Estate Development Services: PIDC serves as master developer of the Philadelphia Navy Yard, managing property sales, leases, and development projects. Revenue is derived from property transactions and development fees.
5. Grants Administration: PIDC administers grants on behalf of public partners including EPA Brownfields grants and other federal/state programs, generating administrative fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

PIDC is Philadelphia's public-private economic development corporation that provides financing products (business loans, commercial real estate loans, tax-exempt bonds, New Markets Tax Credits, EB-5 Welcome Fund, grants administration) and real estate services to businesses, nonprofits, and developers across Philadelphia. It also serves as master developer of the 1,200-acre Philadelphia Navy Yard, managing property leasing and development on behalf of the Philadelphia Authority for Industrial Development (PAID).

Product overview

PIDC is Philadelphia's public-private economic development corporation offering a comprehensive suite of financing products and real estate services. The core offerings include Business Loans, Commercial Real Estate Financing, Tax Exempt Bonds, New Markets Tax Credits (NMTC), Welcome Fund (EB-5), and Grants Administration. Through its PIDC Community Capital CDFI subsidiary, it provides community development financing. The organization also manages Business Support Services including Business Builder Workshops in English and Spanish, and operates as master developer of the Philadelphia Navy Yard—a 1,200-acre mixed-use development site. Available Properties are listed for lease and purchase across city-owned and Navy Yard locations. Special programs include the Restart PHL Loan (COVID-19 recovery) and Boost Your Business Program. The portfolio is completed by Contract Opportunities for vendor services at PIDC, PAID, and Navy Yard properties.

Differentiator

Problem solved

Functional benefit

Brands

• The Navy Yard: 1,200-acre mixed-use development that PIDC serves as master developer for, transforming the former Naval shipyard into an expanding business campus with office, retail, industrial, R&D, and institutional facilities.

Products and services

• Business Loans Financing products for businesses, nonprofits, and developers including term loans, lines of credit, and working capital financing to support business growth, operations, and job creation. Designed for borrowers who cannot qualify for conventional bank financing.
• Commercial Real Estate Financing Financing solutions for commercial real estate acquisition, construction, and rehabilitation projects across Philadelphia neighborhoods, including commercial mortgages.
• Tax-Exempt Bonds Tax-exempt bond financing for eligible industrial, commercial, and nonprofit development projects, generating issuance fees and ongoing relationship income from bond administration.
• New Markets Tax Credits (NMTC) Federal tax credit program administered through PIDC Community Capital that spurs private sector investment in targeted low-income neighborhoods of Philadelphia.
• Welcome Fund (EB-5) EB-5 immigrant investor program that facilitates foreign investment for job-creating projects in Philadelphia, including hospitality developments like Hotel Palomar and Hotel Monaco.
• Grants Administration Administration of grant programs on behalf of public partners including EPA Brownfields grants and other federal/state funding for development projects, generating administrative fees.
• PIDC Community Capital Community Development Financial Institution (CDFI) subsidiary providing financing and technical assistance to underserved communities, small businesses, and minority entrepreneurs.
• Business Support Services Business Builder Workshops, technical assistance, and consulting services for entrepreneurs and small business owners, including Spanish-language workshops (Business Builder En Español).
• Philadelphia Navy Yard Master development and operation of the 1,200-acre Philadelphia Navy Yard as a mixed-use campus with office, industrial, research, retail, and institutional properties, hosting 15,000+ employees across 150 employers.
• Available Properties Property listings for city-owned land, industrial sites, and Navy Yard spaces available for lease or purchase including office, manufacturing, and mixed-use spaces.

Quantifiable outcome

• 13K+ transactions closed supporting diverse range of clients
• +5 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

17 partnerships are on record, tiered founding partner - core, early-stage technology investor, business support - core, marketing philadelphia, business support - growth, business support - workforce and core - quasi-governmental.

• City of Philadelphiafounding partner - coreStrategic or Co-development PartnerPrimary public-sector partner and founding member of PIDC. City government collaborates on economic development initiatives, provides city-owned land and properties, and coordinates on business development programs.
• Greater Philadelphia Chamber of Commercefounding partner - coreStrategic or Co-development PartnerFounding partner organization representing the regional business community. Collaborates on business attraction, retention initiatives, and economic development policy.
• Ben Franklin Technology Partnersearly-stage technology investorStrategic or Co-development PartnerRegional technology investment organization supporting early-stage companies. Partner in providing resources to technology entrepreneurs and startup ecosystem development.
• DreamIt Venturesearly-stage technology investorStrategic or Co-development PartnerTechnology accelerator and venture firm. Partnership supports startup ecosystem and connects emerging companies to PIDC resources.
• University City Science Centerearly-stage technology investorStrategic or Co-development PartnerPhiladelphia's oldest business incubator and research park operator. Supports technology commercialization and provides resources for emerging companies.
• African American Chamber of Commerce – PA, NJ, DEbusiness support - coreGTM or Marketing PartnerRegional chamber representing Black-owned businesses. Collaborates on advocacy, education, and connections for minority entrepreneurs.
• Asian-American Chamber of Commerce of Greater Philadelphiabusiness support - coreGTM or Marketing PartnerRepresents and supports Asian-American business community. Partnership provides outreach and resources for AAPI entrepreneurs.
• Greater Philadelphia Hispanic Chamber of Commercebusiness support - coreGTM or Marketing PartnerSupports Hispanic/Latino business community. Partner in PIDC's Business Builder En Español initiative for Spanish-speaking entrepreneurs.
• Greenline Access Capitalbusiness support - coreGTM or Marketing PartnerCommunity development financial institution. Co-develops Business Builder En Español workshops and provides financial resources to Hispanic/Latino entrepreneurs.
• Philadelphia Convention & Visitors Bureau (PHLCVB)marketing philadelphiaStrategic or Co-development PartnerRegional tourism and convention marketing organization. Collaborates on promoting Philadelphia as a destination for business and tourism.
• Independence Business Alliance (IBA)business support - coreGTM or Marketing PartnerPhiladelphia's LGBTQ+ chamber of commerce and business resource hub. Provides networking and resources for LGBTQ entrepreneurs.
• SCORE Philadelphiabusiness support - coreGTM or Marketing PartnerMentorship organization providing free business advice through volunteer mentors. Refers clients to PIDC financing programs.
• Goldman Sachs 10,000 Small Businessesbusiness support - growthGTM or Marketing PartnerEntrepreneurship program providing education and networking. Collaborates on supporting small business growth in Philadelphia.
• Philadelphia Worksbusiness support - workforceStrategic or Co-development PartnerWorkforce development board connecting employers with job seekers. Supports PIDC's workforce training initiatives and employer connections.
• Urban League of Philadelphiabusiness support - coreGTM or Marketing PartnerCivil rights organization providing economic empowerment programs. Supports Black entrepreneurs and workforce development.
• The Enterprise Centerbusiness support - growthGTM or Marketing PartnerBusiness development organization supporting minority entrepreneurs. Provides incubator space and mentorship programs.
• Philadelphia Authority for Industrial Development (PAID)core - quasi-governmentalStrategic or Co-development PartnerMunicipal authority through which PIDC manages land and buildings for the City of Philadelphia. PIDC serves as operator and developer for PAID-owned properties including the Navy Yard.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• New York City Economic Development Corporation (NYCEDC): NYCEDC is New York City's public-purpose economic development corporation, offering business financing, real estate development (including industrial/life-sciences campuses), and bond issuance authority - directly analogous to PIDC's Philadelphia mandate, but at a larger scale.
• MassDevelopment: Massachusetts' state-level development finance agency, offering bonds, tax-credit programs (including NMTC), brownfields financing, and real estate development services. Operates a similar quasi-public toolkit to PIDC but at a state scale.
• The Reinvestment Fund (TRF): TRF is a Philadelphia-based CDFI that deploys capital, policy research, and place-based lending to underserved communities. Directly comparable as a fellow Philadelphia CDFI and a listed PIDC financial partner.
• Capital Impact Partners: Capital Impact Partners is a national nonprofit CDFI providing loans, equity investments, and development services to underserved communities, broadly comparable to PIDC Community Capital's community-development financing mandate.
• Baltimore Development Corporation (BDC): BDC is Baltimore's public-private economic development agency providing business lending, real estate development, and incentive negotiation - a comparable city-level EDC mandate with a similar mix of financing products and urban redevelopment focus.
• Pittsburgh Urban Redevelopment Authority (URA): URA is Pittsburgh's municipal economic development and redevelopment authority, combining lending, real estate development, and grants administration for an industrial-revitalization mandate that closely mirrors PIDC's portfolio approach.
• New York City Industrial Development Agency (NYCIDA): NYCIDA is the NYC-municipal bond-issuance authority for industrial and commercial development, performing the tax-exempt bond and incentive-administration function that PIDC's PAID relationship performs in Philadelphia.
• Detroit Economic Growth Corporation (DEGC): DEGC is Detroit's public-private economic development corporation providing business lending, real estate development (including industrial campuses), and incentive administration - directly analogous to PIDC's role in Philadelphia.

Broad incumbents

• Local Initiatives Support Corporation (LISC): LISC is one of the largest national CDFIs, providing financing, grants, and technical assistance through local offices (including LISC Philadelphia). Comparable as a multi-channel community-development financier and a stated PIDC partner.
• Opportunity Finance Network (OFN): OFN is the national CDFI industry association and intermediary financier, channeling capital and capacity to community-development lenders including CDFIs like PIDC Community Capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/pidcphila
• YouTubeyoutube.com/user/PIDCPhila
• Facebookfacebook.com/pidcphila
• LinkedInlinkedin.com/company/60156
• Instagraminstagram.com/pidcphila

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PIDC