PIDC BLOG

October 26, 2018

OPENING OF TROLLEY PORTAL GARDENS

[av_textblock size=” font_color=” color=” av-desktop-hide=” av-medium-hide=” av-small-hide=” av-mini-hide=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=”] Hundreds of stakeholders, community leaders, and residents attended last month’s ribbon cutting for Trolley Portal Gardens. Featured speakers included Mayor Jim Kenney, PIDC Board Member and Councilwoman Jannie Blackwell, Trolley Car Station Owner, Ken Weinstein, and PIDC President John Grady. Through a unique public-private

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October 26, 2018

PA GRANTS OPEN!

[av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] Small Business Advantage Grant Funds are still available for the Pennsylvania Department of Environmental Protection’s Small Business Advantage Grant. The grant provides 50% matching grants, up to a maximum of $9,500, to enable Pennsylvania small businesses to purchase energy efficient or pollution prevention equipment, or adopt

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MED Week

October 26, 2018

MINORITY ENTERPRISE DEVELOPMENT WEEK WRAP-UP

Presented by the City of Philadelphia, Minority Enterprise Development (MED) Week highlights minority businesses and resources to help them grow. Throughout the first week of October, organizations from across the region hosted events focused on this year’s theme, Elevating Equity. A week before MED Week festivities kicked off, PIDC served as one of many vendors

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October 26, 2018

OPPORTUNITY ZONES & PHILADELPHIA

[av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] At the end of December 2017, the United States Congress added a new economic development tool called Opportunity Zones to the tax code through the Tax Cut and Jobs Act of 2017. Opportunity Zones provide federal tax benefits to investors who make equity investments from realized

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60 Stories

October 5, 2018

STARTUPPHL SEED FUND

The StartupPHL Seed Fund was created to increase the availability of investment capital for Philadelphia-based startups. In support of the effort to improve access to capital for early stage startups in 2013, PIDC made a $3M investment to launch the StartupPHL Seed Fund and brought on First Round Capital, as the fund managers. First Round

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60 Stories

October 5, 2018

FRINGEARTS

FringeArts is Philadelphia’s home for contemporary performance, presenting progressive, world-class art that expands the imagination and boldly defies expectation. Founded in 1997 as the Philadelphia Fringe Festival, the program moved in 2013 into its first permanent home with help from PIDC — renovating a historic pumping station for the city’s fire trucks into a state-of-the-art

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60 Stories

October 5, 2018

LINCOLN SQUARE

Lincoln Square is a transformative mixed-use development featuring the adaptive reuse of the historic Philadelphia, Wilmington & Baltimore train shed. The site is where Abraham Lincoln’s funeral train arrived prior to a circuitous procession up South Broad Street culminating in an Independence Hall memorial service that followed the president’s assassination in 1865. The site, which

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60 Stories

October 4, 2018

TEMPLE UNIVERSITY HOSPITAL

Since 1892, Temple University Hospital (formerly the Samaritan Hospital) has served the Philadelphia community and beyond as a lead healthcare provider. Located just 2 miles north up Broad Street from Temple University’s main campus, the hospital is located on the corner of Ontario Street. Temple University Hospital currently has 593-beds and more than 80,000 emergency

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60 Stories

October 4, 2018

FORMER NAVAL & ARMY PROPERTIES

After Congress passed the Base Realignment and Closure Act (BRAC) in 1988, the Department of Defense (DOD) began the process of shutting down most of its facilities in South Philadelphia and turning them over to the City for redevelopment. The City designated PIDC to manage this redevelopment process. These former DOD properties are now home

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September 25, 2018

PIDC STAFF RECEIVES MAJOR RECOGNITION

[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 and a few of our staff members recently received major recognition. We’re extremely grateful and proud of our staff’s hard work. Read below to see what

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September 25, 2018

REAL ESTATE FROM PIDC PARTNERS

[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 is glad to share three available opportunities from our partners: Strategic East Coast Industrial Distribution Site, Fire Logistics Hub, and 3230-38 Diamond Street. [/av_textblock] [av_heading heading=’Strategic

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September 25, 2018

LINCOLN SQUARE OPENS IN SOUTH PHILADELPHIA

[av_one_half 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 recently celebrated the grand opening of Lincoln Square – a transformative mixed-use development featuring the adaptive reuse of the historic Philadelphia, Wilmington & Baltimore train shed.

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September 25, 2018

JOHN RAIS STUDIOS BUYS NEW BUILDING WITH THE HELP OF PIDC

[av_one_half 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=”] Since 1998, John Rais has operated his business, John Rais Studios, where he designs and creates one of a kind furniture, sculpture and architectural metal art. Since

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September 25, 2018

PIDC GIVES BACK TO JOSEPH W. CATHARINE SCHOOL

[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_image src=’https://pidcphilablog.com/wp-content/uploads/2018/09/pidc-group-catherine-school-1100×456.jpg’ attachment=’5906′ attachment_size=’full’ align=’center’ styling=” hover=” link=” target=” caption=” font_size=” appearance=” overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’ custom_class=” admin_preview_bg=”][/av_image] [/av_one_full][av_one_half 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=”

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60 Stories

September 5, 2018

W PHILADELPHIA & ELEMENT PHILADELPHIA

In a seamless dual-branded fashion, W Philadelphia and Element Philadelphia Hotel, are housed under one roof in a brand new towering building on 15th and Chestnut Streets in Center City. The 51-story, 773,500 square foot project offers hotel guests panoramic city views, 25,000 sq. ft.meeting space, banquet facilities, food and beverage venues, prime retail space,

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60 Stories

September 5, 2018

KIMPTON HOTELS

When it came to expanding territory to accommodate the increasing tourists in the city, Kimpton Hotels & Restaurants called on PIDC. Our Welcome Fund provided capital for two hotels – the Kimpton Hotel Palomar in Center City and the Kimpton Hotel Monaco in Old City. Extensive renovations of the historic buildings made room for posh

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60 Stories

September 5, 2018

HOMEWOOD SUITES UNIVERSITY CITY

In 2010, PIDC begin working with Campus Apartments for Homewood Suites by Hilton University City to provide a space needed for those visiting Philadelphia for educational pursuits, medical reasons, or tourism. The 10 story, 136 guest room extended stay hotel is located at 4109 Walnut Street, adjacent to the University of Pennsylvania campus, and this

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60 Stories

September 5, 2018

PENNSYLVANIA CONVENTION CENTER

Since its construction in 1993, the Pennsylvania Convention Center (PCC) has consistently hosted successful, record-breaking meetings and conventions. Now, in its 25th year, the PCC has welcomed 27.2 million visitors, hosted over 7,000 events, and generated $13.3 billion in regional economic impact. Its location makes it one of Philadelphia’s prime spots to host events with

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