PIDC BLOG

August 26, 2019

PIDC’s Business Builder Workshops

[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=”] It’s a great time to be a business owner as PIDC kicks off the Fall 2019 season of workshops designed to provide critical business education to companies

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August 23, 2019

Olivieri & Associates

Olivieri and Associates Inc., a heavy-highway construction company based in South Philadelphia, has made major strides since its founding in 1999. Performing as a subcontractor for PennDOT on projects such as I-95 ramps and the City of Philadelphia Streets department installing curbs and sidewalks, Olivieri and Associates has established itself as a highly skilled and

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July 29, 2019

PHILADELPHIA’S SPECTACULAR HOSPITALITY & TOURISM

[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=”] Tourism and hospitality is one of the largest industries in the region. The money visitors spend supports local businesses, creates jobs, and generates taxes, helping to build

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July 29, 2019

WHAT DOES IT TAKE TO BE A QUALIFIED OPPORTUNITY ZONE BUSINESS?

In December 2017, Congress amended the Federal tax code by passing legislation commonly referred to as the “Tax Cuts and Jobs Act of 2017.” Under the Tax Cuts and Jobs Act of 2017, a program was created to incentivize investment into certain economically-distressed areas in the United States by providing preferential tax treatment to those

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July 29, 2019

PACDC EQUITABLE DEVELOPMENT CONFERENCE

[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=”] PIDC, along with community developers, small business entrepreneurs, health practitioners, researchers, artists, educators, and activists, took part in the 2019 Forward Equitable Development Conference hosted by PACDC.

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July 29, 2019

IOVANCE BIOTHERAPEUTICS FACILITY GROUNDBREAKING AT THE NAVY YARD

[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=”] Iovance Biotherapeutics, Inc., a late-stage biotechnology company developing novel cancer immunotherapies based on tumor-infiltrating lymphocyte (TIL) technology, hosted a groundbreaking ceremony to build an approximately 136,000 square

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Sustainability

July 29, 2019

BIRCHTREE CATERING

[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=”] Behind the delectable cuisine is a small, woman-owned company started by Allegra Derengowski and Rasa Stirbys Benefico, two friends who met as waitresses and began their successful

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June 28, 2019

Baby Boomers and Millennials: A New Approach to Succession Planning

[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=”] Across the United States, about 10,000 baby boomers (individuals born between 1946 and 1964) are retiring every day. Baby boomers own about half of all privately-held businesses

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June 28, 2019

2019 BIO Recap

[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 life sciences community was in full force in Philadelphia for a jam-packed BIO Conference This year. On June 3-6, Philadelphia welcomed over 18,000 attendees from around

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Sustainability

June 28, 2019

Food Co-ops are on the Rise in Philadelphia

[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=”] Philadelphia has a large co-op community made up of a variety of cooperatives. According to the Philadelphia Area Cooperative Alliance (PACA), a nonprofit dedicated to growing the

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June 28, 2019

Dock Street Brewery

[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=”] Whether you’re looking for a laid-back spot to hang out with friends and family; enjoy hand-tossed, wood-fired pizza; drink fresh beer poured direct from the tanks; or

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Client Stories

June 28, 2019

Mosaic Development Partners

Minority Business Enterprise development firm, Mosaic Development Partners, run by Leslie Smallwood-Lewis and partner, Gregory Reaves, has been a long-standing client of PIDC. As a Philadelphia-based real estate development company that identifies real estate projects with the potential to bring positive change to a community, Mosaic Development Partners has worked with PIDC on various projects

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May 30, 2019

Total Impact Philadelphia 2019

[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=”] Total Impact is a multi-city series providing practical impact education and impact strategies to individuals who are interested in aligning their investments to their values and mission.

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May 29, 2019

Adventure Alley Children’s Learning Center & Firstrust Bank

[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=”] When Matt and Heather Ragan, the owners of Adventure Alley Children’s Learning Center decided to refinance a high-interest loan and attempt to purchase the facility located in

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NMTC

May 23, 2019

PIDC Announces a $45 Million Allocation in U.S. Treasury New Markets Tax Credits

The sixth award for PIDC Community Capital for a total of $313 million in New Markets Tax Credit allocations over eleven years PHILADELPHIA (May 23, 2019) – PIDC today announced its CDFI subsidiary, PIDC Community Capital, was awarded $45 million in New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial Institutions

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May 15, 2019

City of Philadelphia and PIDC Announce $5 Million Investment to Expand Entrepreneurial Resources for People of Color, Women, and Immigrants

[av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] The City of Philadelphia and PIDC, Philadelphia’s public-private economic development corporation, today announced a $5 million investment to fund a significant expansion of resources to support entrepreneurship and business growth by people of color, women, and immigrants. The new initiative—listed as a priority in the City’s

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NMTC

April 27, 2019

PIDC IMPACT DEVELOPMENT ADVISORY COMMITTEE

For nearly two years, PIDC has been working with a 100+ member Advisory Committee on Impact Development that includes for-profit and nonprofit developers, community development organizations, bankers, investors, philanthropic leaders, and city officials. The committee plays an important role in helping PIDC to understand challenges, gaps, and opportunities for impactful real estate projects so that

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April 26, 2019

PIDC HAS MOVED!

[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=”] PIDC has moved up, literally, and we couldn’t be more excited! We’ve packed up and moved to a not-so-distant location within our same Centre Square building on

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