AAPI
September 23, 2024
How Queen & Rook Mastered the Game of Small Business Success
In the age of smartphones, streaming services, and video games, it’s easy to forget the charm of face-to-face interactions and the simple joy of sitting down to play a board game. But there’s a place in Philadelphia that is keeping the beauty of board games alive: Queen & Rook Game Cafe. Queen & Rook opened
Read MoreBusiness Tips & Resources
September 20, 2024
How to Protect Your Philly Small Business from Predatory Lending Practices
Funding is critical to the success and scalability of small businesses. Business owners need access to adequate funding for a variety of needs, including payroll, utilities, inventory purchases, and technology to name a few. Because financing is necessary for business growth, bad actors use predatory lending practices to take advantage of hard working small business
Read MoreNMTC
September 19, 2024
PIDC Announces It Has Received A $55 Million Allocation In Federal New Markets Tax Credits
The 9th award for PIDC Community Capital for a total of $473 million in New Markets Tax Credit allocations over 16 years For Immediate Release: September 19, 2024 Contact: Kevin Lessard, PIDCSVP, Marketing Communications & Government Today, PIDC—Philadelphia’s public-private economic development corporation—announced its CDFI subsidiary, PIDC Community Capital, was awarded $55 million in New
Read MoreFunding Update
August 29, 2024
Looking Back At PIDC’s COVID-19 Response
PIDC has a 65-year history of leading Philadelphia’s economy through periods of economic change. In March 2020, when the COVID-19 pandemic prompted the city to restrict in-person activities to curb the disease’s spread, PIDC promptly sprung into action, marshaling our capital to assist businesses in navigating an unparalleled crisis. PIDC developed the Restart PHL Loan
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August 29, 2024
How to Build an Effective Advisory Board for Small Businesses
Small businesses are becoming the world’s most growing type of business whether people are selling digital products, services, sweet treats, or clothing. The journey of starting and operating a small business is exciting yet challenging. You wear many hats, acting as CEO, accountant, marketer, sales representative, customer service agent—the list goes on. As a business
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August 29, 2024
Succession Planning Strategies for Philadelphia Small Business Owners
Philadelphia’s small businesses are the backbone of the city’s economy, providing jobs, contributing to local culture, and driving community development. However, as business owners approach retirement or consider stepping away from their day-to-day roles, the question of what comes next becomes critical. Without a clear succession plan, even the most successful business can face challenges
Read MoreBlack-Owned
August 29, 2024
Shop PHL: Black-Owned Businesses
Shopping at Black-owned businesses is a powerful way to support economic equality in your own neighborhood. Approximately 40 percent of Philadelphians are Black or African American, according to the 2020 census, yet they only account for 5.4 percent of businesses in the city. At PIDC, we’re continually working with our partners to increase that number
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July 18, 2024
How to register as a minority-, woman-, or disabled-owned business in Philadelphia
Obtaining your certifications as a woman, minority, or disabled business enterprise (M/W/DSBE) can help grow your business and open new opportunities including government contracts, procurement programs, and networking opportunities. PIDC supports entrepreneurs and fosters a community that benefits Philadelphians from all backgrounds. That’s why we put together this guide to help you understand and navigate
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July 18, 2024
11 Low-Cost Marketing Ideas for Small Business Owners
Marketing is critical to the success of your small business. It is often a prospective customer’s first impression and helps your business build awareness, attract customers, and drive sales. Effective marketing allows you to contend with competitors by establishing a strong brand and displaying what makes you unique. Small business owners often neglect marketing because
Read MoreWalt Tribute
July 3, 2024
Remembering Walt D’Alessio: A Legacy of Vision, Dedication and Partnership
Updated 8/29/24 Celebrate the wonderful life of Walter D’Alessio. A memorial service honoring the life, legacy, and impact of Walt will take place on September 26th at 4pm. More information can be found here. Dear PIDC Stakeholders, It is with a heavy heart that we share the sad news of the passing of Walter D’Alessio,
Read MoreLGBTQ
June 26, 2024
Get to Know IBA, Philadelphia’s LGBTQ+ Chamber of Commerce
The population of LGBTQ+-owned businesses and organizations in the Greater Philadelphia area continues to grow, and resources for businesses and organizations are needed more than ever. PIDC partner Independence Business Alliance (IBA) serves as Philadelphia’s LGBTQ+ business resource hub, helping bring to life the dreams and aspirations of entrepreneurs in the LGBTQ+ community. We asked
Read MoreTeam Members
June 26, 2024
Elevating PIDC’s Queer Employees & Allies During Pride Month
June is Pride Month, a celebration and commemoration of lesbian, gay, bisexual, transgender, and queer pride. PIDC is committed to fostering a workplace culture where diverse talent can flourish and employees, regardless of background, identity, or circumstance, feel valued, accepted, and supported to succeed at work. With a team that mirrors the city we support,
Read MoreLGBTQ
June 26, 2024
Shop PHL: LGBTQ-owned
Looking for ways to celebrate and support the LGBTQ+ community in Philadelphia? One of the best ways to do that is by shopping at LGBTQ-owned businesses. By choosing to support LGBTQ+-owned businesses, you are contributing to a more equitable and vibrant city. PIDC is proud to highlight some of our clients offering products and services
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June 25, 2024
Driving Growth Throughout Philadelphia: PIDC’s 2023 Annual Review
We’re pleased to present PIDC’s 2023 Annual Review, highlighting our commitment to driving economic growth and fostering equitable development across Philadelphia last year. Despite the challenges posed by the global landscape, we have remained resilient, adaptive, and proactive in our efforts to support small businesses, spur real estate developments, facilitate lending, and administer grants for
Read MoreTeam Members
June 21, 2024
Meet PIDC’s New Team Members – Summer 2024
PIDC keeps growing! We’re excited to announce the addition of several talented individuals to our team. They bring with them decades of experience across a wide range of industries and organizations, including economic development, energy management, and finance. Their diverse backgrounds and expertise will help us continue to drive economic growth and foster development all
Read MoreBusiness Tips & Resources
May 29, 2024
Mental Health Matters — Self-Care Tips for Small Business Owners
Running a small business can be demanding. You’re often working long hours and handling a multitude of responsibilities. With so much going on, it can be difficult to prioritize your mental wellbeing. But if you place your mental health on the back burner, it can have damaging effects. A study from Small Biz Silver Lining
Read MoreAAPI
May 29, 2024
Resources for AAPI Business Owners
PIDC is committed to helping businesses and nonprofits in every corner of Philadelphia grow, including those that are Asian American- and Pacific Islander-owned or operated. In recognition of AAPI Heritage Month, we compiled a list of resources designed to empower AAPI business owners and nonprofit leaders. These resources are tailored to help you navigate challenges
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May 29, 2024
Optimal Physical Therapy Gym Brings High-Quality Healthcare to Underserved Communities
If you’ve ever suffered from chronic pain or faced a difficult road to recovery following an injury or surgery, you understand just how important a good physical therapist can be. Unfortunately, everyone does not have the same access to high-quality healthcare and Dr. Binh Nguyen, DPT, COMT, FAAOMPT made it his top priority to change
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