by Navy Yard
May 8, 2025
The Navy Yard will take a major leap forward in its ambitious redevelopment plan, thanks to a $30 million investment from the Commonwealth of Pennsylvania — the largest award given in the inaugural round of the state’s new PA SITES program.
The grant will accelerate development of the Greenway District, paving the way for up to 700,000 square feet of new advanced life science and manufacturing space.
Unlocking Opportunity with PA SITES
The PA SITES (Pennsylvania Strategic Investments to Enhance Sites) program is a forward-thinking economic development initiative designed to make Pennsylvania more competitive by preparing shovel-ready locations for business investment. Developed after extensive input from national site selectors, the program is a cornerstone of Governor Shapiro’s 2024–25 economic strategy, backed by $500 million in state funding.
The Navy Yard’s $30 million grant represents nearly half of the $64 million distributed statewide in the program’s first round, making it a powerful vote of confidence in the Navy Yard’s role as a regional and national economic engine.
What This Means for the Navy Yard
The Navy Yard will use the $30 million grant to develop the Greenway District — a 54-acre area with 700,000 square feet of space for advanced life sciences and manufacturing. The funding will support key infrastructure like roads, utilities, grading, and stormwater systems to prepare the land for new employers.
Located just minutes from Center City and key transportation hubs, the Greenway District is expected to attract businesses in life sciences, research, and high-tech industries.
“This transformative investment strengthens the Navy Yard’s role as a powerful engine of job creation and economic growth throughout Philadelphia and Pennsylvania,” said Jodie Harris, President of PIDC. “It will help attract new businesses, support the expansion of our life sciences and advanced manufacturing industries, and create hundreds of good-paying jobs across a wide range of skill and educational levels. This is about building opportunity — for workers, for small businesses, and for the long-term prosperity of Philadelphia and the region.”
Looking Ahead
The Greenway District is part of a larger vision to transform the Navy Yard into a dynamic mixed-use neighborhood. Since 2000, PIDC has led this transformation, turning the former naval base into a thriving business campus with more than 150 companies and 16,000 jobs.
With master developers Ensemble/Mosaic and global partner Oxford Properties, the next phase of development includes over 8 million square feet of new LEED-certified buildings — including 3 million square feet dedicated to life sciences.
This new funding will help the Navy Yard continue to grow as a hub of innovation, job creation, and economic development, with a long-term goal of supporting over 30,000 jobs in Philadelphia.
Learn more about the $30 million grant from this article in The Philadelphia Inquirer.