PIDC serves as master developer and oversees all aspects of the Navy Yard’s management and development, including master planning, leasing, property management, infrastructure development, utility operation, and the structuring of development transactions.
PIDC is Philadelphia’s public-private economic development corporation dedicated to spurring investments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia.
A non-profit founded jointly by the City of Philadelphia and the Greater Philadelphia Chamber of Commerce in 1958, PIDC offers flexible financing, a targeted portfolio of commercial and industrial land, and decades of Philadelphia-based knowledge to help our clients invest, develop, and grow. 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.
PIDC partners with leading organizations to manage and develop the Navy Yard.