Philadelphia Industrial Development Corporation

Philadelphia Industrial Development Corporation

Philadelphia Industrial Development Corporation was established in 1958 as a joint venture between the City of Philadelphia and the Chamber of Commerce for Greater Philadelphia. Jodie Harris serves as president. The entity operates without disclosed family wealth origin and focuses on municipal economic development mandates. PIDC deploys capital through direct loans, joint-venture real estate projects, and co-investments. Asset classes include industrial land, mixed-use redevelopment, and commercial properties. Confirmed holdings encompass The Navy Yard, the Industrial Land Portfolio, One Crescent Drive, and The Civic. Activity spans North America with primary concentration in Philadelphia and secondary exposure through EB-5 partnerships. The firm maintains a portfolio of over 580 loans to businesses and developers. The organization employs 201 professionals and maintains one headquarters location. It controls PIDC Community Capital, a certified CDFI subsidiary established in 2012. Recent activity includes sponsorship of the ULI Philadelphia Real Estate Forecast in January 2025 and participation as speaker at the CDFA National Summit in November 2024. Adjacent vehicles include the My Best Teacher Endowed Scholarship Fund and the Temple University CPCA Endowed Deanship. PIDC's architecture rests on a statutory management agreement with the Philadelphia Authority for Industrial Development that grants it operational control over public industrial assets without direct municipal staffing. This hybrid grants access to tax-exempt bond capacity and land banks while preserving private-sector execution speed.