PIDC Regional Center > Overview
PIDC, Philadelphia's public-private economic development corporation, in conjunction with CanAm Enterprises, LLC, prepared and submitted an application to have the County of Philadelphia designated as a Regional Center under the U.S. immigrant investor program.
The immigration and Naturalization Service (INS)—now the U.S. Citizenship and Immigration Services (USCIS)—formally designated the PIDC Regional Center on February 28, 2003 to participate in the Immigrant Investor Visa Pilot Program under Section 203(b)(5) of the Immigration and Nationality Act.
In 2010, the PIDC Regional Center was amended to include four additional adjacent counties to the designation, including the counties of Bucks, Chester, Delaware and Montgomery, all of which make up the Greater Philadelphia Region.
To view a complete list of PIDC Regional Center projects and track record, please click here.
We offer flexible financing tools, a targeted portfolio of industrial and commercial real estate, and decades of Philadelphia-based knowledge to help our clients invest, develop, and grow. We also structure and invest in public-private partnerships for key City policy areas and development priorities.
PIDC promotes large-scale neighborhood economic development through partnerships with established community organizations on neighborhood revitalization projects. Clients range from commercial and industrial businesses to the developers of large, public purpose facilities, in all neighborhoods of Philadelphia. PIDC offers a wide variety of loan and grant programs. Although specific terms and conditions vary, many programs offer subordinated financing and below-market interest rates to encourage investment in Philadelphia. Use of loan funds is determined by the circumstances and may include real estate acquisition, construction, or machinery/equipment purchase. PIDC loan funds are usually leveraged with private debt and equity.
For more information, please visit PIDC's website at www.PIDCphila.com.
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