Restart PHL Report: Final Impact

PIDC has a 65-year history of leading Philadelphia’s economy through periods of economic change. In March 2020, when the COVID-19 pandemic prompted the city to restrict in-person activities to curb the disease’s spread, PIDC promptly sprung into action, marshaling our capital to assist businesses in navigating an unparalleled crisis. With the end of the federal COVID-19 emergency in May 2023, it is important to highlight who PIDC served through Restart PHL and the impacts our emergency-driven investing had on small businesses in Philadelphia.

Philadelphia COVID-19 Small Business Relief Fund: Initial Findings

June 2020 – As the COVID-19 pandemic began to spread rapidly through the United States in early March 2020, cities and states began restricting business activity and enacting social distancing measures in an effort to stop the spread of the virus. As the public health and economic crisis escalated, the City of Philadelphia and PIDC quickly mobilized to establish the Philadelphia COVID-19 Small Business Relief Fund, which was one of the first local relief funds in the nation. The Fund ultimately offered $13.3 million in grants and zero-interest loans to over 2,000 Philadelphia small businesses impacted by the COVID-19 pandemic.

Philadelphia Delivers: A Hub for Logistics & Distribution Brochure

May 2018 – Location. Access. Workforce. Sites. Philadelphia has it all—from its location in the middle of the Northeast Corridor, to its superior access to consumers and
workers, the city offers a unique opportunity for build-to-suit development and industrial investors alike.