Philadelphia Industrial Development Corporation (PIDC) is Philadelphia’s public-private economic development corporation. Our mission is to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia. You can learn more about PIDC at www.pidcphila.com.
The Real Estate Financial Services team is responsible for business development, credit and regulatory analysis, structuring, negotiation, documentation, and initial compliance associated with procuring and delivering a variety of creative and flexible financing products to real estate development projects throughout the City of Philadelphia. Financing products include New Markets Tax Credits, EB5 Immigrant Investor Financing, HUD 108, Community Development Block Grant (CDBG), EPA, and other public and private resources to non- and for-profit developers and businesses. Over the past three years, PIDC’s Real Estate Financial Services team has invested over $200M in more than 50 transactions.
The New Markets Tax Credits (NMTC) program is a federal tax credit program designed to generate private-sector capital investments in low-income areas. Projects funded through NMTC must provide substantial benefits to low-income communities and people, such as quality job creation, health care, or critical goods and services.
PIDC promotes a culture of inclusion and prohibits discrimination in any employment or promotional practices on the basis of race, color, sex (including gender identity, sexual orientation, and pregnancy), religion, national or ethnic origin, age, disability, veteran status, or any other legally protected factor.
Philadelphia Industrial Development Corporation (PIDC) is Philadelphia’s public-private economic development corporation. Our mission is to spur investment, support business growth, and foster developments that create jobs…