PIDC is Philadelphia’s public-private economic development corporation and the Navy Yard’s master developer.
A non-profit founded jointly by the City of Philadelphia and the Greater Philadelphia Chamber of Commerce in 1958, PIDC mission is to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia. PIDC manages a family of organizations to accomplish our mission including the Philadelphia Authority for Industrial Development (PAID). PAID is a public authority governed by an independent board, delivering real estate services and tax-exempt financing. In 2000, PIDC acquired control of the Navy Yard on behalf of the City of Philadelphia and PAID.
As master developer for the Navy Yard, PIDC manages master planning, leasing, property management, infrastructure development, utility operation, and structuring development transactions—and has created an environment where companies and their employees thrive.