The Philadelphia Industrial Development Corporation (PIDC) helped preserve urban manufacturing jobs as part of an industrial renewal effort during 1953-76. The PIDC, a nonprofit, quasi-public authority, was created in 1958 in a joint effort between Mayor Richardson H. Dilworth and the chamber of commerce to implement an industrial renewal project. Using industrial mortgages, funds were raised for the construction and renovation of small to medium-sized manufacturing plants on undeveloped land in and around Philadelphia. The PIDC is credited with having moderated the loss of industrial jobs in Philadelphia.<ref> Guian McKee, "Urban Deindustrialization and Local Public Policy: Industrial Renewal in Philadelphia, 1953-1976," ''Journal of Policy History'' 2004 16(1): 66-98, </ref> | The Philadelphia Industrial Development Corporation (PIDC) helped preserve urban manufacturing jobs as part of an industrial renewal effort during 1953-76. The PIDC, a nonprofit, quasi-public authority, was created in 1958 in a joint effort between Mayor Richardson H. Dilworth and the chamber of commerce to implement an industrial renewal project. Using industrial mortgages, funds were raised for the construction and renovation of small to medium-sized manufacturing plants on undeveloped land in and around Philadelphia. The PIDC is credited with having moderated the loss of industrial jobs in Philadelphia.<ref> Guian McKee, "Urban Deindustrialization and Local Public Policy: Industrial Renewal in Philadelphia, 1953-1976," ''Journal of Policy History'' 2004 16(1): 66-98, </ref> |