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
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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
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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
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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
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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
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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
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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
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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
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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:
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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
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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
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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
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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
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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
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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
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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
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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
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March 17, 2023
Client Feature: Highway Construction Company Olivieri & Associates Expands by Purchasing Available Land in Eastwick
PIDC client, Olivieri & Associates, is a woman-owned heavy-highway construction company founded in 1999 with notable projects that include the historic street reconstruction of the 300 block of South Philip Street, which won the 2019 Preservation Achievement Award from the Preservation Alliance for Greater Philadelphia. Olivieri & Associates also just completed the PennDOT Riverfront Gateway Sidewalk Design Project along
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