PIDC BLOG

NMTC

April 30, 2018

PIDC ANNOUNCES $6M IMPACT DEVELOPMENT FUND FOR PHILADELPHIA

PIDC, Philadelphia’s public-private economic development corporation, today announced the launch of a new $6 million Impact Development Fund to support commercial, industrial, and mixed-use development in neighborhoods and commercial corridors throughout Philadelphia. PIDC’s Impact Development Fund provides new capital for neighborhood-based development, driving revitalization in communities that can often be overlooked by traditional lenders and

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60 Stories

April 25, 2018

FINANCIAL INTEGRITY RESOURCE

Led by spouses Phillip M. Harris and Jeanette Hernandez Harris, Financial Integrity Resources Management (FIRM) is a proud certified minority-owned and woman-owned business.  Sixteen years ago, the Harris’ founded FIRM with the desire to educate their communities in order to foster a new culture of savings and investment. FIRM specializes in fostering creative vehicles for preserving

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April 20, 2018

PIDC ANNOUNCES NEW PARTNERSHIP WITH YOUR OUTSOURCED CFO TO OFFER FINANCIAL GUIDANCE TO HELP SMALL BUSINESSES SUCCEED AND GROW

New partnership allows participating firms to benefit from financial intelligence, operational clarity, and key metrics for measuring growth during critical time in development PHILADELPHIA, PA (April 20, 2018) — PIDC, Philadelphia’s public-private economic development corporation, announced a new partnership with Philadelphia-based firm Your Outsourced CFO (YOCFO) to provide technical, financial, strategic assistance to select PIDC

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NMTC

March 30, 2018

NEW MARKET WEST PROJECT BREAKS GROUND

On February 16, Mission First Housing Group, Horizon House, and ACHIEVEability hosted a groundbreaking ceremony at the site of their newest development, 5901 Market Street, “New Market West”.  The ceremony was attended by both city and state officials, as well as leadership from the partnering organization.  PIDC is proud  to be one of the funding

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March 29, 2018

MERCER CAFÉ AT THE NAVY YARD ANNOUNCES EXPANDED HOURS AND NEW MENU SERVICES

Recently celebrating its two and a half year anniversary, Mercer Café at the Navy Yard just announced that it will begin to offer dinner service on Wednesday, Thursday, and Friday nights, as well as adding a long awaited breakfast/brunch service on Saturday mornings. As always, diners are welcome to “BYOB,” or bring your own bottle.

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March 29, 2018

THE WOMEN BEHIND PHILADELPHIA’S HQ2 BID

[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=”] As we continue to celebrate Women’s History Month, we want to highlight the women behind Philadelphia’s Amazon HQ2 bid!  These women are leaders in their fields and

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March 16, 2018

PIDC ANNOUNCES BEN FRANKLIN TECHNOLOGY PARTNERS AS INVESTMENT PARTNER IN STARTUPPHL SEED FUND II

The $5M Seed Fund II is next phase of StartupPHL investment fund aimed to increase availability of early-stage capital in the local startup community. PHILADELPHIA, PA (March 15, 2018) — PIDC, Philadelphia’s public-private economic development corporation and partner with the City of Philadelphia in the StartupPHL initiative, today announced Ben Franklin Technology Partners (Ben Franklin),

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March 9, 2018

PIDC ISSUES RFP FOR 35.5 ACRES AT 5501 TACONY STREET

PHILADELPHIA (March 9, 2018) – PIDC today released a request for proposals (RFP) soliciting interest in the redevelopment of the 35.5 acre property at 5501 Tacony Street in the Bridesburg section of Philadelphia. The availability of this key site offering direct access to I-95 within a strong industrial corridor provides an exciting opportunity to create

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60 Stories

February 28, 2018

OLDE CITY DAY SCHOOL

Olde City Day School is an early childhood learning and development center.  Founded in 2010 by William and Dana Casper, Olde City Day School has grown across the city, with schools in Olde City, Newbold, and Germantown.  Olde City Day School’s mission is to provide a safe, nurturing environment that facilitates the very best early

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60 Stories

February 28, 2018

REVOLUTION RECOVERY

Located in the Tacony section of the city, Revolution Recovery is a leader in construction and industrial materials recycling. Founded in 2004 with just a vision, today they boast more than 100 employees and operate at three locations. Revolution Recovery recycles more than 500 tons of waste each day at their Philadelphia location, including wood,

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60 Stories

February 28, 2018

COFCO

Founded in 1946, COFCO is a Philadelphia-made company, and proud of its roots. COFCO provides clients with premier full service office furniture. They are the oldest continuously operating commercial office furniture dealership in the Philadelphia region. When operations expanded, they needed a new space to house their team. PIDC was able to help with financing

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February 15, 2018

FIRST STEP STAFFING EXPANDING INTO PHILADELPHIA

PIDC is proud to be one of the investors in First Step Staffing’s expansion into Philadelphia. In January, First Step, an Atlanta-based social enterprise, announced its expansion. Founded in 2007, First Step works to secure sustainable income for individuals transitioning out of homelessness, including veterans, re-entering citizens, and others with significant barriers to employment. In

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NMTC

February 15, 2018

PIDC ANNOUNCES A $60 MILLION ALLOCATION IN U.S. TREASURY NEW MARKETS TAX CREDITS

PIDC announced its CDFI subsidiary, PIDC Community Capital, was awarded $60 million in New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund. PIDC Community Capital was one of 73 organizations nationally selected to receive an allocation in this current round. Today, the CDFI Fund announced a total

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60 Stories

February 1, 2018

COMMUNITY MARKETING CONCEPTS

Community Marketing Concepts (CMC) is committed to connecting their client’s messages to their targeted customers.  Founded in 1995 by Linda Chandler, President and CEO, Linda proudly leads her minority and women-owned family business located in the Overbrook section of Philadelphia. The marketing, public relations and communications agency focuses on connecting clients’ messages to their targeted

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60 Stories

February 1, 2018

WHITMAN’S CHOCOLATE

The first transaction for the newly formed partnership, PIDC helped to execute a deal that moved Whitman’s Chocolates from the original location to a new 400,000 square-foot facility in Northeast Philadelphia. Stephen F. Whitman was dedicated to Philadelphia businesses opening a small confectionery and fruiterer shop at Third and Market in 1842.  As the company

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60 Stories

February 1, 2018

SPECTRUM HEALTH SERVICES

For the past 50 years, Spectrum Health Services, Inc. has been improving the health status of our patients and of the residents living in the Philadelphia communities through an organized, comprehensive program of primary care delivery, health education and health-related social services regardless of their ability to pay. We are a 501(c)(3) non-profit organization established in 1967

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60 Stories

February 1, 2018

MAMA’S WELLNESS JOINT

Located in a historic building at 11th and Pine Streets is Mama’s Wellness Joint.  Founded by Paige Chapman, an accomplished, Philly-born Yoga instructor and Doula, Mama’s Wellness Joint  provides Philadelphia area women and families with a range of alternative wellness workshops, yoga and movement classes meant to address the holistic needs of women, men, and

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60 Stories

February 1, 2018

GRACIE PAINTING

Located in Fishtown, this husband and wife interior and exterior painting company has grown tremendously over their past 17 years.  Maude Martin and Terrence Dowd of Gracie Painting, LLC have a team of five employees, contracting work ranging from painting to power washing to concrete and masonry coating, all serving the Greater Philadelphia Area. PIDC’s

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