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Philadelphia Industrial Development Corporation
1500 Market Street
2600 Centre Square West
Philadelphia, PA 19102

Point of Contact:
Sam Rhoades
P: 215-496-8132
F: 215-977-9618

Services Offered

• Financial Services
• Loan Packaging
• Land & site selection for relocating or expanding

About the Company

PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION (PIDC) is a private, not-for-profit Pennsylvania corporation, founded in 1958 by the City of Philadelphia and the Greater Philadelphia Chamber of Commerce to promote economic development throughout the city.

PIDC’s central strategy is to leverage financing and real estate resources to retain and to grow employment in Philadelphia. Clients range from the traditional base of commercial and industrial businesses to the developers of large, public purpose facilities, in all neighborhoods of Philadelphia.

A thirty-member Board of Directors appointed by the Mayor of Philadelphia and the President of the Greater Philadelphia Chamber of Commerce governs PIDC. The Staff includes 55 full-time employees and the annual budget is funded largely from service fees generated by PIDC’s business activities.

Throughout its long history, PIDC has closed a total of 4600 individual transactions with combined project costs of $10 billion, which have contributed to retaining and creating over 385,000 jobs in Philadelphia.

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