PIDC BLOG

February 27, 2024

New Reporting Requirements for Businesses under the Corporate Transparency Act

New Reporting Requirements for Businesses under the Corporate Transparency Act The Corporate Transparency Act (CTA) went into effect on January 1, 2024. Under the CTA, you may be required to report information about your business and its owners to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Here’s the must-know information to

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Black-Owned

February 23, 2024

Spotlighting Black-owned Businesses During Black History Month—and all year long

This Black History Month, we’re honoring the achievements of Black business owners throughout Philadelphia, who help power our city’s economy and provide anchors for our neighborhoods. PIDC works every day to provide business owners the tools, knowledge, connections, and financing they need to reach – and exceed – their business goals.  As a celebration of

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Scholarship

January 26, 2024

Applications Open: 2024 PIDC-D’Alessio Scholarship

Walt D’Alessio committed more than 46 years to PIDC as its chief executive and Chairman. He embodies the core principles of the PIDC partnership—dedication, integrity, and an unwavering commitment to supporting growth throughout Philadelphia.  As part of PIDC’s 60th Anniversary in 2018, and in recognition of Walt’s decades of commitment and leadership at PIDC; his

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December 7, 2023

REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM (RACP) OPENING DEC 8

The Pennsylvania Redevelopment Assistance Capital Program (RACP) offers matching grants funded by the Pennsylvania Office of the Budget for the acquisition and construction of economic development, cultural, civic, recreational, and historical improvement projects.  RACP will open for grant applications on December 8, 2023 and close on January 12, 2024.   Grants generally range from $1,000,000 to

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November 21, 2023

2023 CDFA National Development Finance Summit Recap

On November 9, PIDC had the pleasure of welcoming—and sponsoring— the Council of Development Finance Agencies (CDFA) to Philadelphia for its National Development Finance Summit. PIDC President Jodie Harris helped kick off the summit by sharing how we help grow our local economy and drive growth to every corner of our city through inclusive economic

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SHOP PHL

November 21, 2023

SHOP PHL: Support Local

As we gear up for the busy holiday shopping season, PIDC clients across the city have unique foods, beverages, and services available to support your every need.  Also, on Saturday, November 25, commercial corridors across the city are participating in the annual Small Business Saturday. Come out and shop at your favorite local small businesses—or

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October 26, 2023

EPA Cleanup Grant

Public Meeting NOTICE IS HEREBY GIVEN that a public meeting will be held remotely by the Philadelphia Authority for Industrial Development (the “Authority”) on Wednesday November 8, 2023, at 4:00 pm via online web conference with an option to call in via phone. The meeting’s purpose is to solicit public comments regarding the Authority’s draft

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SHOP PHL

October 20, 2023

SHOP PHL: FALL 2023 EDITION

Fall is here and what better way to celebrate this cozy season than with beverages, foods and events? PIDC is proud to highlight a variety of our unique client businesses that offer beverages, food and events to help you enjoy the new season. As you enjoy this spooky holiday season with your loved ones, we

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AAPI

October 20, 2023

MED Week 2023 Recap

PIDC joined our partners, including the City of Philadelphia, in hosting several events to celebrate Minority Enterprise Development (MED) Week and provide local businesses and entrepreneurs resources to help them start, grow, and expand. Unlocking the Path: A More Equitable Philadelphia The Philadelphia Navy Yard, managed by PIDC, was proud to host Councilmember Katherine Gilmore

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Team Members

October 20, 2023

Meet PIDC’s New Team Members – Fall 2023

PIDC continues to grow, drawing from Philadelphia’s top talent. We recently hired an excellent group of hardworking, talented, and experienced employees in various fields. It is our pleasure to introduce you to our new additions to the PIDC team! Holly Alsentzer Hometown: Flourtown, PA Role at PIDC: Executive Assistant at the Navy Yard What role

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Scholarship

September 18, 2023

PIDC Announces Recipients of the 2023 PIDC-D’Alessio Scholarship for Urban Development

PIDC is proud to announce the fifth-round recipients of the PIDC-D’Alessio Scholarship for Urban Development. The scholarship was launched in 2019 to support graduate students at Philadelphia schools seeking to pursue a career in urban development and finance. The scholarship was created by PIDC in recognition of M. Walt D’Alessio’s decades of commitment and leadership

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September 17, 2023

2022 Annual Review

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots To develop this Theory of Change, we used three intersecting lenses through which we, should view our work: Racial Equity Progressing toward a fair and just

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September 17, 2023

2022 ANNUAL REVIEW: SUPPORT

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots BUSINESS LENDING & COMMERCIAL REAL ESTATE In 2022, PIDC originated $35.3 million in new loans to 76 small and mid-sized businesses, nonprofits, and developers through catalytic

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September 17, 2023

2022 ANNUAL REVIEW: INVEST

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots FACILITATING TAX-EXEMPT BONDS PAID, which is managed by PIDC, is a public authority created by the City of Philadelphia. PAID issues tax-exempt bonds for projects undertaken

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September 17, 2023

2022 ANNUAL REVIEW: CATALYZE

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots INDUSTRIAL LAND DEVELOPMENT While land sales were limited this year, it was an active year for commercial and industrial land sales as PIDC continued to position

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Black-Owned

August 29, 2023

Firms Selected to Transform Historic Family Court Building & Adjacent Parking Lot on Philadelphia’s Iconic Benjamin Franklin Parkway

For Immediate Release: August 29, 2023Contacts: Firms Selected to Transform Historic Family Court Building & Adjacent Parking Lot on Philadelphia’s Iconic Benjamin Franklin Parkway National Real Estate Development and Frontier Development and Hospitality Group’s winning proposal places the African American Museum of Philadelphia in a brand-new building in a marquee location on the Parkway, provides

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SHOP PHL

August 22, 2023

SHOP PHL: SUMMER 2023 EDITION

This summer, relax and recharge by supporting local businesses in the retail and hospitality markets. Start by checking out this curated list of some of our PIDC clients that can keep you cool in this hot weather. GRAB A COLD BEVERAGE Two Local’s Brewing Company Two Locals Brewing Company is Philadelphia’s first Black-owned brewing company

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Team Members

August 22, 2023

Get to Know PIDC’s Summer 2023 Interns

This summer, a few talented interns joined PIDC virtually to learn and assist us in driving growth to every corner of Philadelphia. Get to know our interns and the PIDC departments they assist. Plus, see why they think Philadelphia is a great place to study, work, and play. Ella Travis she/herSouth Philadelphia EDUCATION:Temple University, finance

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