PIDC BLOG

Logistics & Distribution

August 26, 2019

Logistics & Distribution Update

In early 2018, PIDC released Philadelphia Delivers: A Hub for Logistics & Distribution. Since the release of that report, Philadelphia has continued to see significant real estate activity in this booming industry. Here are some updates to a small portion of the activity happening in Philadelphia. In addition to creating modern, new industrial space for

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August 26, 2019

Goldman Sachs 10,000 Small Businesses

[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=”] You built your business; Goldman Sachs 10,000 Small Businesses will help you grow it. Goldman Sachs 10,000 Small Businesses is a program for small businesses that helps

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August 26, 2019

Jobs, Internships, & Scholarships

[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=”] Here’s a roundup of two opportunities for students in Philadelphia—1) a new internship scholarship program recently launched by PIDC, and 2) an internship and job platform from

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Team Members

August 26, 2019

Meet The Summer 2019 PIDC Interns

[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=”] This summer, almost a dozen talented interns joined PIDC to learn and assist us in driving growth to every corner of Philadelphia. Get to know our interns

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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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