PIDC’s economic development programs offer a wide range of custom financing options and business incentives for companies. Selected incentives available for businesses locating at The Navy Yard:

Direct Lending Programs: On behalf of the Federal, State and City governments, PIDC manages numerous loan programs, most offering subordinated financing and below-market interest rates. A specific fund for The Navy Yard development is also available with favorable loan terms.

The Navy Yard Keystone Innovation Zone (KIZ): The Navy Yard Keystone Innovation Zone (KIZ) is a technology commercialization initiative that promotes collaborative technological innovation between academic institutions, economic developers, and private industry. The Navy Yard KIZ supports the growth of technology firms focused on the following technology sectors:

Power and Energy	Advanced Manufacturing	Communications and IT
Nanotechnology	Homeland Security	Life Sciences

Keystone Opportunity Improvement Zone: Much of The Navy Yard is designated by the Commonwealth and City of Philadelphia as a Keystone Opportunity Improvement Zone (KOIZ). Qualified companies locating within KOIZ areas are exempt from many state and city business taxes for up to 15 years.

Investment Tax Credits: The Navy Yard is a nationally certified historic district on the National Register of Historic Places. As a result, investment tax credits up to 20% of renovation costs may be available for qualified building restorations.

 Workforce Development: The Collegiate Consortium for Workforce Development, located at The Navy Yard, assists businesses with customized workforce training retraining, retention and skill development programs.

For More Information, Please Contact Mark Seltzer at PIDC. 215-THE-YARD (215-843-9273) or email mseltzer@pidc-pa.org