Pittsburgh Economic & Industrial Development Corporation
The Pittsburgh Economic & Industrial Development Corporation (PEIDC) serves as Pittsburgh’s industrial development corporation for real estate development.
The Pittsburgh Economic & Industrial Development Corporation (PEIDC) was established in 1995 to serve as the City of Pittsburgh’s industrial development corporation for real estate development. It is a member-based organization with its membership consisting of private real estate developers, community development organizations, lenders and development professionals.
With Internal Revenue Service 501 (c) (3) nonprofit corporation status and certification from the Pennsylvania Industrial Development Authority (PIDA), the PEIDC is able to purchase real estate for development, obtain private and public financing, and sell or lease real estate; all for projects where private real estate developers will not or cannot undertake industrial or commercial development projects.
Board of Directors
Glenn Groninger, Chair
Senior Vice President
Malik G. Bankston, Treasurer
The Kingsley Association
Palo Alto Partners
Lindsay A. Powell, Vice Chair
Director of Workforce Strategies, Local Government Affairs and Advocacy
Greater Pittsburgh Chamber of Commerce
Casa San Jose
Vice President, Local
Ice House Studios
Larimer III & Larimer IV
PEIDC is proud to play a role in the redevelopment of the Larimer School as the Master Leaseholder. Originally built in 1896, this school sat dormant for the last forty years. Now, it will contain 35 mixed-income apartment units, a community space, and a commercial kitchen.
On what was once vacant land adjacent to the Larimer School now sits Cornerstone Village. The product of this partnership between PEIDC, The Housing Authority of the City of Pittsburgh, and McCormack Baron Salazar, this development will include 42 mixed-income housing units, retail space, parking, green space, and community and fitness centers. PEIDC is currently seeking retail tenants for this space. If interested in learning more about the space, please reach out to Donita Thomas firstname.lastname@example.org.
In the News
Annual Membership Meeting
Want to get in touch? Contact Donita Thomas at 412.255.6415 or email@example.com.