PAID is a public authority incorporated by the City of Philadelphia pursuant to the Economic Development Financing Law (the "EDF Law") in December 1967. PAID was organized for the purpose of acquiring, holding, constructing, improving, maintaining, operating, owning, financing, and leasing industrial, commercial or specialized development projects all as permitted under the EDF Law.

PAID has the power to issue tax-exempt bonds to finance the capital needs of non-profit organizations and eligible commercial and industrial businesses and, in addition, to finance certain other economic development projects permitted by the Internal Revenue Code and EDF Law. PAID is also responsible for the economic redevelopment of the former Philadelphia Naval Shipyard and Naval Station, now collectively known as the Navy Yard.

Meetings will be held at 4:30 p.m. on the following dates:

January		17th & 31st
February		14th & 28th
March		13th, 27th
April		10th & 24th
May		8th & 22nd
June		5th & 19th
July		17th
August		14th
September		11th & 25th
October		9th & 23rd
November		6th & 20th
December		4th & 18th