Since acquiring the 1,200-acre site from the federal government in 2000, PIDC, Philadelphia’s public-private economic development corporation and master developer of the Philadelphia Navy Yard, has led the planning, development, and operation of the Navy Yard on behalf of the Philadelphia Authority for Industrial Development (PAID). PIDC’s mission—to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia—strongly informs our strategy for the Navy Yard, which focuses on creating an environment that drives employment, innovation, and production.
POLITICO has called the Navy Yard “the coolest shipyard in America” and many industry observers, including the Urban Land Institute, have recognized the community as a leading model for repurposing military and industrial assets for a diversified modern economy. Home to reimagined shipbuilding facilities as well as new high-performance and energy-efficient construction, the Navy Yard has a variety of flexible buildings with different heights, vintages, and floorplates, powered by a nationally-recognized microgrid and oriented around iconic parks, Complete Streets, and a riverfront greenway.
Being part of the Navy Yard includes access to a diverse business community that offers opportunities not just for growth, but also initiatives to foster civic and corporate engagement in the community.. Representatives from Navy Yard businesses meet quarterly as the Navy Yard Engagement Committee to discuss and plan community events and programs.
We are focused on four key areas of engagement: education, energy, sustainability, and community.