Leading Transactions and Driving Economic Growth
John Grady at PIDC
Abstract
PIDC is Philadelphia's public-private economic development corporation created by the City of Philadelphia and the Greater Philadelphia Chamber of Commerce in 1958 to engage both the public and private resources to energize Philadelphiaâs economy. Ever since its founding, PIDC is dedicated to its mission of creating jobs, revitalizing neighborhoods, and driving growth to every corner of Philadelphia. PIDC supports the growth of businesses of all kinds that create jobs in Philadelphia by providing real estate and finance services. With only about 60 employees, PIDC is able to run an operating budget of about $ 10-11 million, engaged in about 150-200 transactions every year, and carry out $ 500 million to $ 1 billion worth of activities.
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