Established in 1958 by the city of Philadelphia and the Greater Philadelphia Chamber of Commerce, the Philadelphia Industrial Development Corporation (PIDC) aims to spur investment, support business growth, and foster development that creates jobs, revitalizes neighborhoods, and drives growth across Philadelphia. To do so, the nonprofit offers a wide range of loans, tax-exempt financing, and technical assistance to businesses, developers, and nonprofits, and acquires, improves, plans, manages, leases, and sells industrial and commercial real estate. To date, PIDC and its affiliates have settled 6,700 transactions, including $14 billion in financing credited with leveraging over $25 billion in total investment dollars, and helping to create or retain hundreds of thousands of area jobs.