PIDC BLOG

Scholarship

September 18, 2023

PIDC Announces Recipients of the 2023 PIDC-D’Alessio Scholarship for Urban Development

PIDC is proud to announce the fifth-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

Read More

September 17, 2023

2022 Annual Review

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots To develop this Theory of Change, we used three intersecting lenses through which we, should view our work: Racial Equity Progressing toward a fair and just

Read More

September 17, 2023

2022 ANNUAL REVIEW: SUPPORT

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots BUSINESS LENDING & COMMERCIAL REAL ESTATE In 2022, PIDC originated $35.3 million in new loans to 76 small and mid-sized businesses, nonprofits, and developers through catalytic

Read More

September 17, 2023

2022 ANNUAL REVIEW: INVEST

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots FACILITATING TAX-EXEMPT BONDS PAID, which is managed by PIDC, is a public authority created by the City of Philadelphia. PAID issues tax-exempt bonds for projects undertaken

Read More

September 17, 2023

2022 ANNUAL REVIEW: CATALYZE

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots INDUSTRIAL LAND DEVELOPMENT While land sales were limited this year, it was an active year for commercial and industrial land sales as PIDC continued to position

Read More

Black-Owned

August 29, 2023

Firms Selected to Transform Historic Family Court Building & Adjacent Parking Lot on Philadelphia’s Iconic Benjamin Franklin Parkway

For Immediate Release: August 29, 2023Contacts: Firms Selected to Transform Historic Family Court Building & Adjacent Parking Lot on Philadelphia’s Iconic Benjamin Franklin Parkway National Real Estate Development and Frontier Development and Hospitality Group’s winning proposal places the African American Museum of Philadelphia in a brand-new building in a marquee location on the Parkway, provides

Read More

SHOP PHL

August 22, 2023

SHOP PHL: SUMMER 2023 EDITION

This summer, relax and recharge by supporting local businesses in the retail and hospitality markets. Start by checking out this curated list of some of our PIDC clients that can keep you cool in this hot weather. GRAB A COLD BEVERAGE Two Local’s Brewing Company Two Locals Brewing Company is Philadelphia’s first Black-owned brewing company

Read More

Team Members

August 22, 2023

Get to Know PIDC’s Summer 2023 Interns

This summer, a few talented interns 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. Ella Travis she/herSouth Philadelphia EDUCATION:Temple University, finance

Read More

Team Members

July 12, 2023

Getting To Know PIDC’s New President: Q&A With Jodie Harris

On June 1, 2023, Jodie Harris officially assumed the role of president of PIDC after serving nearly five years as the director of the Community Development Financial Institutions Fund (CDFI Fund) with the U.S. Department of the Treasury in Washington, D.C. Jodie made history as the 12th chief executive and the first African American woman

Read More

Lower Schuylkill River

July 6, 2023

New Grant Funding to Enhance Southwest Philadelphia

New federal grants will help SEPTA implement a major trolley modernization and complete streets project and help PHA revitalize Bartram Village, building on PIDC’s efforts to enhance quality of life in Southwest Philadelphia NOTE: This post has been updated to reflect a new Neighborhood Choice Grant announced on July 26, 2023. New Neighborhood Choice Grant:

Read More

Press Release

July 6, 2023

PIDC Launches Redesigned & Reimagined Websites

For Immediate Release: July 6, 2023Contacts: Kevin Lessard, PIDC Launches Redesigned and Reimagined Websites The economic development corporation’s two flagship websites, PIDCphila.com and NavyYard.org, aim to better serve businesses, nonprofits, and developers PHILADELPHIA — Today, the Philadelphia Industrial Development Corporation (PIDC) announced the overhaul of the organization’s two flagship websites – PIDCphila.com and NavyYard.org

Read More

Funding Update

June 29, 2023

Applications Are Now Open for New Round of Comcast RISE Grants

Comcast RISE is supporting the growth of all small businesses and entrepreneurs committed to uplifting their local communities. The program is built to help businesses and their communities thrive with a focus on economic growth. This year, Comcast RISE will award 500 recipients in five cities, including Philadelphia, with a grant package that includes business

Read More

SHOP PHL

June 28, 2023

Shining a Spotlight on Local Immigrant-owned Businesses

This Immigrant Heritage Month, we honor the diverse cultures and contributions brought forth by immigrants to Philadelphia’s communities by featuring some of our PIDC client businesses that are immigrant-owned. From one of Philadelphia’s first all-grain brew-pubs to a manufacturing company producing 100% nutritional vegan foods, these businesses weave their heritage into the fabric of their

Read More

LGBTQ

June 28, 2023

Resources for LGBTQ+ Business Owners

PIDC is committed to helping businesses and nonprofits in every corner of Philadelphia grow, including those that are LGBTQ+-owned and/or operated. In recognition of Pride Month, we compiled a list of resources designed to empower LGBTQ+ business owners and nonprofit leaders. These resources are tailored to help those in need navigate challenges and seize opportunities

Read More

AAPI

May 30, 2023

Support Asian American & Pacific Islander-owned Businesses

PIDC is proud to support diverse businesses in Philadelphia. This AAPI Month and beyond, we’re celebrating Asian American and Pacific Islander-owned businesses by highlighting a few of our PIDC clients, including restaurants, retail stores, dental services, and more. Please join us in showing your support and shop local.  Nom Noms Chabaa Thai Bistro Intimate Thai

Read More

Partner Spotlight

May 30, 2023

Advisory Network for Small Business

PIDC partner Advisory Network for Small Business (ANSB) is a volunteer nonprofit organization that helps new and experienced businesses grow and thrive. ANSB provides a dedicated advisory team including experienced owners, entrepreneurs, and corporate executives with proven expertise in critical business disciplines—human resources, marketing, finance, strategic planning, and operations—who will partner with business owners to

Read More

Real Estate Initiatives

April 20, 2023

Earth Day Spotlight: PIDC Projects Contributing to Sustainability

This year’s theme for the environmental movement, Earth Day, is “Invest in Our Planet.” PIDC has been doing just that by investing in sustainable projects that are working to protect the environment in many ways. PIDC invests in both sustainable and equitable projects by supporting job growth, economic growth, and preservation of natural resources. PIDC’s sustainable

Read More

March 18, 2023

Three Years of COVID-19: How PIDC Responded & How Our Clients Succeeded

March 10, 2023 marks three years since Philadelphia confirmed its first case of COVID-19. Philadelphians and people around the globe faced an unprecedented situation with devastating impacts on our health and our economy.  We at PIDC have been on the front line of the economic side of this crisis, acting with urgency and empathy to

Read More