The Navy Yard

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Founded in 1958, PIDC (Philadelphia Industrial Development Corporation) is a nonprofit Pennsylvania corporation, specializing in promoting economic development throughout the city. The firm offers services, such as real estate, financing, tax incentives and work force development. It serves clients ranging from commercial and industrial businesses to the developers of large, public purpose facilities to nonprofits, throughout Philadelphia. The firm manages the Philadelphia Authority for Industrial Development (PAID), which is a conduit for tax exempt debt and other economic development transactions.