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PRESIDENT

Req Number: VRB10V Location: Phildelphia Posted: 22.09.2022 Category:
Government/Not-For-Profit : Not-For-Profit Job Type: Permanent

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APPLY NOW
 Position President  
Organization Philadelphia Industrial Development Corporation (PIDC) 
Location Philadelphia, PA 
Reporting Relationship Reports to the Board of Directors 
Website www.pidcphila.com    
 
THE OPPORTUNITY  
Philadelphia Industrial Development Corporation (PIDC) is Philadelphia’s
public-private economic development corporation. As a private, non-profit
organization founded in 1958 as a partnership of the City of Philadelphia and
the Chamber of Commerce for Greater Philadelphia, our mission is to grow a
global economy through inclusive economic development that ultimately achieves a
high quality of life for all who live and work in Philadelphia. PIDC works with
companies of all sizes driving growth to every corner of Philadelphia. We work
on projects big and small with businesses, developers, and non-profits in every
sector. 
PIDC is committed to driving transformative growth for Philadelphians with a
human-centered approach by directing our financial and real estate services,
knowledge, and networks toward creating a vibrant and sustainable Philadelphia.
To achieve this mission, PIDC focuses on five areas: 
 
• CAPACITY: Create and sustain internal capacity and external partnerships to
scale the availability and breadth of economic development resources and
solutions. to scale the availability t resources 
• CAPITAL ACCESS AND SERVICES: Expand financing and business support services to
benefit under-resourced communities and marginalized populations. services to
benefit under-resourced c 
• LAND USE: Catalyze development of projects that create quality jobs, advance
equity, and promote sustainability. Vance equity, and mote sustainability. 
• KNOWLEDGE AND NETWORKS: Share knowledge and networks to respond to clients,
partners, and market needs. knowledge and networks to respond to client,
partner, and market needs.  
• EMPLOYEE WELL-BEING: Elevate the physical, mental, and financial well-being of
PIDC employees and provide opportunity for each to thrive and grow
professionally. 
 
PIDC is governed by a thirty-member Board of Directors, appointed by the Mayor
of Philadelphia and the President of the Greater Philadelphia Chamber of
Commerce. The staff includes approximately 60 full-time employees, and PIDC’s
current 9-member Senior Leadership Team has a combined 140+ years of experience
at PIDC. The organization’s annual budget of approximately $12M is funded by a
combination of fees generated by PIDC’s transaction activities, service and
management contracts, and contributed revenue.  PIDC manages a family of
organizations to further its mission that includes the Philadelphia Authority
for Industrial Development (PAID) and PIDC Community Capital (PIDC-CC).  PAID is
a public authority through which PIDC manages a portfolio of industrial and
commercial real estate, including industrial parks and the Navy Yard; issues
taxable and tax-exempt bonds on behalf of government, non-profits, and
manufacturers; facilitates conduit financing and real estate transactions on
behalf of the City and other public sector partners; and delivers governmental
grant funding for projects throughout Philadelphia.  


PIDC manages all of PAID’s business activity through a management contract
between the entities.  PAID is governed by a five-member Board of Directors
appointed by the Mayor of Philadelphia. PIDC-CC is a 501(c)(3) non-profit
subsidiary of PIDC.  PIDC-CC is certified as a Community Development Financing
Institution (CDFI) and a Community Development Entity (CDE) by the United States
Treasury and attracts resources specifically to expand PIDC’s mission of
investing in growing small businesses, developing and delivering business
support services, and investing in high-impact community and economic
development projects in Philadelphia’s most underserved, low-income
communities.  The President of PIDC serves simultaneously as President of
PIDC-CC, and PIDC staff also manages PIDC-CC’s business affairs via a management
contract.  PIDC-CC is governed by a five-member Board of Directors appointed by
the Chairperson of PIDC Board of Directors. The PIDC-CC board is supported by an
advisory committee that advises PIDC-CC on the impact its programs have on
low-income people, BIPOC communities, and the city of Philadelphia. Their
decision to fund projects is based on the impact on the community of each New
Market Tax Credit (NMTC) deal. 


Over the past 62 years, PIDC has settled over 7,500 transactions with a diverse
range of clients – including more than $17 billion of financing and more than
3,200 acres of land sales – which have leveraged over $30 billion in total
investment and assisted in retaining and creating hundreds of thousands of jobs
in Philadelphia. For more information, please visit: www.PIDCphila.com. 


Since acquiring 1,200 acres of land from the federal government at the site of
the former Philadelphia Naval Shipyard in 2000, PIDC has been the master
developer of the Navy Yard, managing its transition from a closed shipyard to a
growing and thriving riverfront neighborhood located along the Delaware River
featuring a mix of historic buildings and new high-performance and LEED
certified construction oriented around world-class open space. Dubbed “America’s
Coolest Shipyard” by Politico, the Navy Yard is now home to more than 170
employers and more than 15,000 people who come to work every day and there is
enormous capacity for growth.  PIDC’s Navy Yard team is responsible for making
the Navy Yard a great place to work, visit, invest, and develop and works with
partners and stakeholders to guide the property’s overall management and
development, including marketing, leasing, social programming, development,
planning, transit connections, infrastructure development, utility operations
and property management.  You can learn more about the Navy Yard, its history,
current activity and plans for growth at www.NavyYard.org. 
 
KEY RESPONSIBILITIES 
The President is elected by the Board of Directors as its Chief Executive
Officer and has general charge and supervisory authority over the business and
affairs of PIDC, subject to control and direction of the Board. The President
leads PIDC’s strategies, resources, products, transactions, and partnerships,
promoting investment and development that drives inclusive economic and job
growth to every part of Philadelphia.   
The President develops and manages relationships with business, governmental,
civic, and philanthropic leaders and organizations throughout the City and
region to advance job growth and development throughout the City; and is
responsible for the management of all strategic and operational activities of
the organization and its related and affiliated entities.     


The President shall accomplish the following responsibilities directly, or
through oversight of an Executive Management Team, as appropriate. 


Mission and Strategic Direction 
• Develop and communicate PIDC’s mission, vision, values, and strategy, in
collaboration with the Board of Directors, staff, and stakeholders, and
translate into strategic plans with pragmatic tactics and activities, including
measurable annual goals and objectives. 
• Identify key gaps in the marketplace and develop products and services
required to achieve PIDC’s mission and strategic direction. 
• Ensure ongoing commitment to excellence through regular evaluation of the
impact and effectiveness of products, services, and programs. 
 
Financial Performance and Capitalization 
• Oversee the financial management and fiscal integrity of PIDC. 
• Submit a proposed budget for approval annually and provide regular periodic
performance statements to the Board of Directors to ensure that PIDC operates
within the approved budget, maximizes resource utilization, and maintains a
positive financial position.  
• Ensure completion of annual audits, tax filings and compliance required by
regulatory agencies and investors.   
• Oversee capitalization and play a leading external role in fundraising
activities necessary to support PIDC’s operations and mission, including
capitalization of real estate and financing products and services and overall
organizational capacity. 
• Drive earned revenue growth and financial sustainability of the organization
through the development of new client relationships, products and services, and
partnerships with appropriate fee structures. 


Operations and Management 
• Provide executive leadership for the entire operation of PIDC including
strategy, communications, public affairs and government relations, business
development, capitalization and fundraising, business operations, hiring and
personnel decisions, and the delivery of real estate and financial products and
services. 
• Identify key operating risks and develop and execute strategies to
appropriately mitigate those risks. 
• Engage with staff, clients, and stakeholders to identify new business
opportunities, structures, and facilitate transactions, products, services,
strategies, and policies that promote inclusive growth and development,
especially to people, businesses and areas that need it most. 
• Attract, retain, and develop a diverse and experienced team. 
• Embed an organization-wide commitment to diversity, equity, and inclusion
ensuring consistency from leadership to all staff and throughout the overall
employee experience.  
• Adopt human capital policies, practices, and training that incorporate the
needs, consider the viewpoints, and value the assets of the diverse communities
that PIDC serves.  
• Evaluate and adopt strategies to respond to shifts in workforce trends and the
evolving nature of the future of work. 
• Evolve internal policies, with engagement from team members across the
organization, to promote environmental sustainability and mitigate environmental
impacts of PIDC’s operational activities 
• Support the executive and senior leadership team while also cultivating and
developing diverse talent for future leadership opportunities. 
• Develop, establish, and utilize organizational performance measurement
standards and report results to the Board of Directors and staff. 
 
Business Development and Public Engagement 
• Demonstrate knowledge and mastery of PIDC’s history, current activities and
strategies, and future objectives. 
• Represent PIDC to external audiences, foster strong positive relationships and
image, and communicate PIDC’s mission, strategic initiatives, and operational
activities among the organization’s clients, investors, and public and private
sector stakeholders and constituents. 
• Initiate and build strong relationships with clients, investors, stakeholders
and all constituencies around job growth and development throughout Philadelphia
and the region. 
• Identify and pursue new business and revenue opportunities with clients and
partners. 

• Participate and drive government relations and public policy initiatives
directly on behalf of PIDC and in partnership with key City and Chamber of
Commerce economic growth priorities, including outreach and engagement with
City, State, and Federal legislators.   
• Act as chief spokesperson for the organization. 
 
Board Governance 
• Work with the Board of Directors to fulfill PIDC’s mission. 
• Serve as the principal liaison to the Board of Directors and key committees.  
• Implement the policies established by the Board of Directors through the
administration of PIDC and its activities.  
• Support the Chairman in preparation and execution of Board agendas and
meetings, providing input, information, and feedback between PIDC and the Board
of Directors. 
• Communicate effectively with the Board of Directors and provide, in a timely
and accurate manner, all information necessary for the Board to function
properly and to make informed decisions. 
• Develop, maintain, and support a strong Board of Directors and related
Committees. 
 
PROFESSIONAL EXPERIENCE AND QUALIFICATIONS 
• At least five years of executive leadership experience at the C-level of a
non-profit or economic development organization of similar size and complexity
to PIDC, with prior experience as chief executive officer preferred. 
• At least fifteen years of work experience in economic and community
development, real estate development, financial services, non-profit management,
public-private partnerships, philanthropy, community investment, or a field
related directly to PIDC’s work, demonstrating progressive management and
leadership responsibilities. 
• Strong technical skills and experience in real estate and finance. 
• Demonstrated track record of success in initiating and managing business
relationships and driving new business and revenue opportunities.  
• Demonstrated experience in developing and implementing innovative strategies,
products, transactions, and public-private partnerships to advance economic
development or community investment goals.  
• Clearly demonstrated experience and ability to convey a vision of PIDC’s
impact and strategic future to staff, board, investors, stakeholders, and
public-private partners. 
• Strong leadership skills, with experience developing and managing staff;
developing and advancing organizational priorities; and being visible both
internally and externally as a senior leader. 
• Strong relationships in the Philadelphia market or the demonstrated ability to
quickly establish and develop relationships to support PIDC’s staff, clients,
partners, and work, particularly in the business community, government,
philanthropy, and the civic sector. 
• Demonstrated experience working with diverse staff, clients, and stakeholders,
and a strong commitment to diversity, equity, and inclusion. 
• Strong written and verbal communication skills; a persuasive and passionate
communicator with exceptional interpersonal and multidisciplinary project
management abilities. 
• Appropriate computer skills, including Outlook, Word, Excel, and PowerPoint. 
• Passion for the city of Philadelphia and enthusiasm for PIDC’s mission. 
• Commitment to, and enthusiasm for, PIDC’s public policy mission to attract
investment, jobs, and tax ratables to help improve the quality of life in
Philadelphia.   
• Ability to travel throughout the entire city of Philadelphia, as well as
occasional travel for meetings and conferences. Must possess a valid driver’s
license. 
• Proof of COVID-19 vaccination is required. 
• A Philadelphia resident at the time of hire or relocation is required, as is
continued residency within six (6) months.  
 

KEY ATTRIBUTES 

• A strong leader, both internally and externally.  More of a servant leader
that doesn’t need credit or attention and sees their role as supporting others. 
Needs to be able to be/become a civic leader around growing the pie.  
• Direct experience working in a political environment and the temperament and
skills to manage through that to be successful.   
• An appreciation for and experience with how decisions get made in government
and how to build successful coalitions within and across government and private
industry.
• Experience in managing and developing an organization, particularly staff
growth and development, as well as direct P&L responsibility in driving growth
and profitably. 
• Leading “Delivery Transformation” of new digital platforms.  
• Experience in managing loan portfolios with goals centered around minimal loan
loss and reserve requirements. 
• Committed to achieving positive Operating Leverage. 
• Maintaining and improving our Aeris Rating. 
• Capital Stack/Investor attraction and Diversification.  
• Fintech Structure Adoption. 
 
EDUCATION 
An advanced degree in finance, economics, business, real estate, law, public
administration, planning, or a field directly related to PIDC’s work preferred. 


COMPENSATION 
A competitive compensation package will be made available to the qualified
candidate 
 
KORN FERRY CONTACTS 
 
Lorraine Lavet 
Senior Client Partner 
National Association Practice Leader 
(703) 919-6540 
Lorraine.Lavet@kornferry.com 


Charlie Ingersoll 
Senior Client Partner 
Nonprofit Practice Co-Leader 
(202) 955-0947 
Charles.Ingersoll@kornferry.com 


Cristina Fisher 
Senior Associate 
(301) 648-3398 
Cristina.Fisher@KornFerry.com  


Emily Lynch            
Senior Project Coordinator  
(703) 498-7227 
Emily.Lynch@kornferry.com 
 



******

Korn Ferry shall provide equal employment opportunity to all qualified
candidates, and will refer candidates without regard to race, color, religion,
national origin, sex, age, disability, veteran status or any other legally
protected basis.

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