News
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
Read MoreNews
March 18, 2023
Three Years of COVID-19: How PIDC Responded & How Our Clients Succeeded
March 10, 2023 marks three years since Philadelphia confirmed its first case of COVID-19. Philadelphians and people around the globe faced an unprecedented situation with devastating impacts on our health and our economy. We at PIDC have been on the front line of the economic side of this crisis, acting with urgency and empathy to
Read MoreBlack-Owned
February 21, 2023
PIDC Clients You Need to Know in 2023 – Black Business Owners
Honoring the legacy and great contributions of Black-owned businesses in Philadelphia, this Black History Month and beyond, we’re highlighting a few of our awesome PIDC clients. We’re proud to support local, diverse businesses through funding, workshops, and other services for business growth. Check out their success stories and what they consider the most rewarding part
Read MoreNews
February 21, 2023
Apply Now for Working Capital to Fund Rebuild Contracts
One major hurdle for small but growing contractors is maintaining a positive cash flow to fund upfront project costs and payroll, especially as they take on bigger projects and grow their operations. Larger contracts can have payment terms of up to 60, 90, or 120 days, which may not work for smaller businesses experiencing a
Read MoreNews
January 26, 2023
Introducing Our New PIDC Board Members
We are thrilled to welcome three new members to our PIDC Board of Directors. Meet our new members, Miguel Alban of Multicultural Banking Group, Jovan Goldstein of JT Goldstein, LLC, and Thomas A. K. Queenan of Mission First Housing Group. MIGUEL ALBAN Senior Vice President & National DirectorMulticultural Banking Group, Customers Bank Miguel Alban is
Read MoreNews
January 26, 2023
Meet PIDC’s New Team Members – Winter 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! Alicia Santiago Wallkill, NYNavy Yard Analyst & Project Manager What role will you play in helping
Read MoreNews
January 26, 2023
Shop PHL: New Year, New You
Whether you want to do home improvements, get in shape, implement healthier eating habits, grow your business, or improve your finances, there’s a local business for that, so we rounded up various PIDC client businesses that can help you jumpstart your new year goals. Use this new year as new motivation to support small businesses.
Read MoreNews
January 25, 2023
Applications Open: 2023 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
Read MoreNews
January 25, 2023
PIDC Celebrates Employee Milestones for Q4 of 2022
All of our employees are such a significant part of our team and we couldn’t imagine our workplace without them. Recently, a few of our employees reached their anniversary milestones and/or received a promotion. Please join us in congratulating them on their achievements. Our employees have all worked hard for their accomplishments and we truly
Read MoreNews
December 22, 2022
2022 PIDC Highlights
It was another high-impact year for the PIDC team! We continued to focus on our strategic priorities, including our leadership role in Philadelphia’s inclusive and equitable economic recovery from the impacts of the COVID-19 pandemic. With a strong foundation and 64-year track record, last year, PIDC identified the need to build upon the organization’s recent
Read MoreLower Schuylkill River
December 22, 2022
Three Firms Shortlisted Biotech Campus
The Lower Schuylkill Biotech Campus is where Philadelphia’s ecosystem of discovery will grow into life altering outcomes for all and on June 14, 2022, PIDC issued an RFQ looking for the right partner for this unprecedented cell and gene therapy development opportunity. The developer selection process is designed to identify a partner to help us
Read MoreNews
November 17, 2022
Meet PIDC’s New Team Members – Fall 2022
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! Luke Antonello Media, PA PIDC:Financial Services, Conduit Finance TITLE:Grants Administrator Q: What role will you play
Read MoreNews
November 17, 2022
Shop PHL: 2022 Holiday Edition
Oh, the joy of the holiday season! If you’re looking for gifts and places to help you spread the holiday cheer, we have you covered! PIDC is proud to highlight a variety of our unique client businesses that offer gifts and services to help you check off your lists. As you enjoy this holiday season
Read MoreNews
November 10, 2022
PIDC’S New Strategic Framework
The Theory of Change builds the basis for PIDC’s new strategic framework. The PIDC Strategic Framework is intended to serve as a roadmap for PIDC to achieve its mission and strive toward a more inclusive, equitable, and sustainable Philadelphia where all residents benefit from economic development and a growing global economy. The Framework provides PIDC
Read MoreNews
October 28, 2022
PIDC ANNOUNCES A $45 MILLION ALLOCATION IN U.S. TREASURY NEW MARKETS TAX CREDITS
CONTACT: Jazmund Walker, PIDC Marketing Communications Manager 215.496.8199 The 8th award for PIDC Community Capital for a total of $418 million in New Markets Tax Credit allocations over 14 years PHILADELPHIA (October 28, 2022) – Today, PIDC announced its CDFI subsidiary, PIDC Community Capital, was awarded $45 million in New Markets Tax Credit (NMTC)
Read MoreNews
October 27, 2022
Meet Our New Board Members & Officers
Recently, we added new members to our PAID and PIDC Boards of Directors. Jim Engler, Esq, chief of staff and executive director of the office of the president for ChristianaCare Health System has joined the board of PAID and Emily Bittenbender, owner of Bittenbender Construction, LP has joined the PIDC board. Meet our new members
Read MoreNews
October 27, 2022
Lewis C. Cassidy Academics Plus School Hosts a Groundbreaking Ceremony
This month the Lewis C. Cassidy Academics Plus School hosted a groundbreaking ceremony at 6523 Lansdowne Ave. Superintendent Tony Watlington, representatives from Senator Vincent Hughes’ office, Rep. Morgan B. Cephas, Councilmember Curtis Jones Jr., and 10 students from the first graduating class of the new Lewis C. Cassidy Academic Plus School were among the honored
Read MoreNews
September 26, 2022
PIDC Introduces New Theory of Change To Drive Growth to Every Corner of Philadelphia
PIDC continued to drive growth to every corner of Philadelphia—closing 2,035 transactions in 100% of the city’s zip codes in 2021. We delivered and supported $725.5M in financing and $29.5M in COVID-19 relief grants and loans. In addition, PIDC sold 40 acres of land city-wide for job-creating projects. With a strong foundation and 64-year track
Read More