60 Stories
September 15, 2020
Kevin O’Brien Studio
Kevin O’Brien, owner of textile design and production company, Kevin O’Brien Studio, will open a flagship store in the most coveted square block for retail in Philadelphia. Its mission is to brighten the day for any lover of interior design who happens to cross its threshold. Once you enter the modern storefront for Philadelphia’s premier
Read MoreReal Estate Initiatives
September 15, 2020
Two EPA Grant Awards
In case you missed it, this summer, PIDC, through the Philadelphia Authority for Industrial Development (PAID), was awarded two grants from the U.S. Environmental Protection Agency (EPA) to fund assessment and cleanup of sites in Philadelphia. In May, the EPA awarded PAID $300,000 from its Brownfields Assessment Program. PAID will use these resources to conduct
Read MoreScholarship
September 15, 2020
Recipients Selected for Second Round of PIDC-D’Alessio Scholarship for Urban Development
PIDC is proud to announce the second round winners 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
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August 12, 2020
PIDC Chairperson, Salvatore Patti, Starts New Position at WSFS Bank
[av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] Sal Patti, has joined WSFS Bank as senior vice president, director of commercial banking and wealth client management for Greater Philadelphia. Sal’s primary focus is to strengthen the WSFS brand in the region and drive market share for its commercial and wealth divisions. Earlier this year,
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August 12, 2020
Funding Opportunity: August 17 Update
[av_one_full first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=”] [av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] Are you in need of funding to help your business recover? Check out our list of state, federal, and local funding resources. [/av_textblock] [/av_one_full] [av_one_full first min_height=”
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August 12, 2020
PACDC Equitable Development Conference 2020
[av_one_full first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=”] [av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] On July 29, our partner, PACDC, virtually hosted its annual Forward Equitable Development Conference which featured a session from PIDC titled Real Estate Strategies for Neighborhood Preservation.
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August 12, 2020
Client Interview: My Independence at Home
[av_one_full first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=”] [av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] Founded in 2013, My Independence at Home is a full-service home care agency that goes far beyond simply placing a compassionate caregiver in a client’s home. The
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August 12, 2020
Force Majeure Clauses in the Face of COVID-19
[av_one_full first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=”] [av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] The COVID-19 pandemic has caused business activity to grind to a screeching halt across the country. Business owners have been unable to generate revenue and some have
Read MoreRestart Action Plan
August 6, 2020
PIDC’s RESTART Action Plan Update: The Navy Yard
Working in partnership with the City of Philadelphia Department of Commerce, the Chamber of Commerce for Greater Philadelphia, and Philadelphia Works, we have jointly identified four phases of work to drive an equitable economic recovery in Philadelphia: [/av_textblock] [/av_one_full] [av_one_fourth first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’
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June 29, 2020
Redevelopment Assistance Capital Program (RACP) Now Open
The Pennsylvania Redevelopment Assistance Capital Program (RACP) offers matching grants, generally ranging from $1,000,000 to $5,000,000, funded by the Pennsylvania Office of the Budget for the acquisition and construction of economic development, cultural, civic, recreational, and historical improvement projects. RACP grant awards are issued by the Commonwealth and administered through the Philadelphia Authority for Industrial
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June 29, 2020
Funding Opportunity Updates
[av_one_full first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=” mobile_breaking=” mobile_display=”] [av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] Are you in need of funding to help your business recover? Check out our list of state, federal, and local funding resources. [/av_textblock] [/av_one_full] [av_one_full first min_height=”
Read MoreBlack-Owned
June 29, 2020
Support Black-Owned Businesses
PIDC is proud to continuously support our diverse businesses, clients, partners, neighborhoods, and communities. Here are a few of our awesome PIDC clients that are open for business and also black-owned. Join us in supporting Philadelphia businesses by shopping for local products and services from technology, healthcare, construction, hospitality, marketing, real estate, creative industries, and
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June 29, 2020
Benefits Data Trust
[av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] Benefits Data Trust (BDT) was founded by Warren Kantor in 2005 as a response to a challenging and common experience – confusion and frustration faced when applying for public benefits. As he sat down with his widowed mother to help her complete a lengthy application for
Read MoreRestart Action Plan
June 29, 2020
Racism, Equality, & Restarting our Economy
In the past few weeks, millions of people have raised a massive collective response to the ongoing issues of unequal justice and racism. PIDC stands in solidarity against racism, bigotry, and violence in any form. It is an overwhelming and extremely challenging period in our country and in our city, with both a global public
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June 2, 2020
A Message from PIDC About Current Events
To our PIDC clients, partners, and friends, In the past few days, millions of people have raised a massive collective response to the ongoing issues of unequal justice and racism sparked by the recent killings of George Floyd, Breonna Taylor, Ahmaud Arbery, and countless others over years of injustice. At PIDC, we are keenly aware
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May 28, 2020
PIDC Welcomes a New Chairperson & New Board Members
[av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] Sal Patti PIDC and PIDC Community Capital Chairperson We are thrilled to announce that longtime PIDC Board of Directors and Executive Committee member, Salvatore J. Patti, has been elected by the Board to serve as the new PIDC and PIDC Community Capital chairperson. He has also
Read MoreTribute
May 28, 2020
PIDC HONORS LONGTIME CHAIRMAN OF THE BOARD OF PIDC, M. WALTER D’ALESSIO, AS HE RETIRES
After 48 years of service to PIDC, M. Walter D’Alessio retired and chaired his last Board of PIDC meeting on April 21. Read our full Board Resolution here. You Can’t Say “PIDC” Without “WALT” Walt arrived in Philadelphia in 1960, beginning an unprecedented 60 year career in planning, developing, financing, and managing major economic development
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May 28, 2020
Walt D’Alessio: A Legacy of Impact in Philadelphia
By William Kenny It’s difficult to imagine a Philadelphia without Walt D’Alessio, a farmer’s son from rural Butler County, Pennsylvania, who ventured east in 1960 for an American Institute of Planners convention and has called the City of Brotherly Love home ever since. Had D’Alessio — the former CEO and longtime chairman of the city’s
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