PIDC BLOG

Funding Update

November 22, 2021

Apply now for PIDC’s Restart PHL Loan

DETAILS Loan Amount: $25,000 – $250,000 Interest rate: 0% Term: Up to 5 years PIDC’S RESTART PHL LOAN CAN HELP… Support new revenue streams due to pivots in business models Provide working capital Purchase equipment Support payroll, rent, and mortgage expenses Increase inventory Technology upgrades Mobilization capital Re-hiring and employee training PRIORITIES Funds will be

Team Members

November 22, 2021

Meet PIDC’s 2021 New Team Members

PIDC continues to grow, drawing from Philadelphia’s top talent. This year, PIDC hired a great 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! Courtney Reymond Travis HOMETOWN:Hamilton, MA DEPARTMENT:Operations TITLE:Executive Assistant to the EVP & Chief Operating Officer

November 10, 2021

2020 Annual Review

Client Stories

October 28, 2021

PHILLY SHIPYARD HIRES 13 PIDC WORKFORCE DEVELOPMENT PROGRAM GRADUATES

Read more on the Navy Yard blog:

Lower Schuylkill River

October 27, 2021

Grays Avenue Corridor Clean-Up Day

Earlier this month, PIDC partnered with SEPTA, various City departments, and community groups to host a clean-up day for the Grays Avenue Corridor in Southwest Philadelphia. The corridor is the site of a year-long Complete Streets Concepts & Design Project (Complete Streets Project), led by SEPTA and supported by funding from a Helping Obtain Prosperity

Hispanic & Latino

October 21, 2021

PIDC LAUNCHES BUSINESS BUILDER EN ESPAÑOL SERIES OF SPANISH LANGUAGE WORKSHOPS

This November, PIDC will kick off an eight month series of workshops on various topics for the Spanish speaking business community PHILADELPHIA (October 21, 2021) – This November, PIDC, Philadelphia’s public-private economic development corporation, will kick off an eight month series of workshops in Spanish as part of its strategy to assist Spanish-speaking entrepreneurs, one

Hispanic & Latino

October 21, 2021

ARTÍCULO PARA DIARIO EN LÍNEA (BLOG) / COMUNICADO DE PRENSA

PIDC LANZA UNA SERIE DE TALLERES EN ESPAÑOL “BUSINESS BUILDER EN ESPAÑOL” FILADELFIA (21 de Octubre del 2021) – Este Noviembre, PIDC, la corporación de desarrollo económico pública-privada de Filadelfia, iniciará una serie de talleres de ocho meses en español como parte de su estrategia para ayudar a los empresarios de habla hispana, uno de

MED Week

September 27, 2021

PIDC Fall 2021 Events You Don’t Want to Miss

PIDC has some great events in store for you. This fall will be packed with a few awesome opportunities to virtually network with others, learn from industry leaders, and get the resources needed to grow your business. Learn more about our upcoming information sessions for the SBA’s Economic Injury Disaster Loans (EIDL), the Rebuild Contract

Funding Update

September 24, 2021

COVID-19 Relief Pennsylvania Statewide Small Business Assistance Program Impact Report

The COVID-19 Relief Pennsylvania Statewide Small Business Assistance Program was a statewide grant program targeting small businesses impacted by business closure orders due to the COVID-19 public health crisis, so these businesses could get the relief they so desperately needed. The program provided grants ranging from $5,000 to $50,000 to small businesses that have been

Hispanic & Latino

September 24, 2021

Support Hispanic and/or Latino-owned Businesses

This Hispanic Heritage Month, we are highlighting just a few of our Hispanic and/or Latino owned PIDC client businesses and PIDC clients that primarily focus on services for Hispanic and/or Latino communities. Food Boricua Restaurant An authentic, family-owned Puerto Rican food restaurant with locations in Northern Liberties and Port Richmond. Don Pedro Meats & Market

NMTC

September 2, 2021

PIDC ANNOUNCES A $60 MILLION ALLOCATION IN U.S. TREASURY NEW MARKETS TAX CREDITS

The 7th award for PIDC Community Capital for a total of $373 million in New Markets Tax Credit allocations over 13 years PHILADELPHIA (September 2, 2021) – Today, PIDC announced its CDFI subsidiary, PIDC Community Capital, was awarded $60 million in New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial

Black-Owned

August 24, 2021

Milligan Group

Milligan Group LLC provides a full range of electrical construction, voice, data, and fiber optics telecommunications infrastructure as well as video surveillance solutions so that businesses’ infrastructure needs are met for this ever-changing industry. It is a certified MBE, WBE, and DBE firm and a signatory of the IBEW (International Brotherhood of Electrical Workers) local

August 23, 2021

Working Capital for Rebuild Contracts

One major hurdle for small but growing contractors is maintaining a positive cash flow to fund costs and payroll especially as they look to take on bigger projects and grow. Those larger contracts can have payment terms up to 60 or 90 days, which often does not work for smaller businesses. PIDC’s Rebuild Contract Line

D'Alessio Scholarship

August 23, 2021

PIDC-D’Alessio Scholarship for Urban Development

PIDC is proud to announce the third-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

AAPI

August 23, 2021

Shop PHL: Into the Office

Whether your company is going back to work in the office, starting a hybrid working environment, or still operating remotely, we have a few PIDC clients that can help your company make a more seamless transition. Image courtesy of Team Clean, Floss Barber & Yikes Sanitize Team Clean Team Clean is a Black-owned/woman-owned commercial, janitorial

Black-Owned

July 26, 2021

Custom Arts Studio

Custom Arts Studio is an award-winning, woman-owned company in Philadelphia specializing in custom art and design. It has been featured in multiple media and shopping outlets, including CBS Philly, Philly Metro, 6abc, Wooder Ice, The Philadelphia Tribune, QVC, and the Home Shopping Network (HSN). Moreover, Custom Arts Studio was recently selected as artist-in-residence for the

Team Members

July 26, 2021

Meet the Summer 2021 PIDC Interns

This summer, 10 talented interns from various parts of the world 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. Myron Joel

Business Tips & Resources

July 22, 2021

Comprehensive Report Identifies Current Gaps & Critical Steps To Level The Playing Field For Entrepreneurs Of Color In Philadelphia

Local Entities Seek to Address Fundamental Barriers to Wealth Faced by BIPOC-Owned Businesses and Identify Concrete Course of Action Forward PHILADELPHIA, PA — In an effort initiated as one of the priorities in the City’s inclusive growth plan, “Growing with Equity,” and intensified amid widespread calls for racial justice and the COVID-19 pandemic, a team