PIDC BLOG

January 10, 2013

DCED LOWERS INTEREST RATES TO 1.5%

The Department of Community and Economic Development (DCED) has announced it is lowering the interest rates for the Machinery and Equipment Loan Fund (MELF), the Small Business First Program (SBF), the Pollution Prevention Assistance Program (PPAA), and the Export Financing Program (EFP) from 2.75 percent to 1.50 percent.  Additionally, the Pennsylvania Industrial Development Authority (PIDA)

Read More

January 10, 2013

PHILADELPHIA PARTNERSHIP RECEIVES GRANT FOR ADVANCED MANUFACTURING ACCELERATOR

This past October, a Philadelphia-based partnership led by the Delaware Valley Industrial Resource Center (DVIRC) with participation and support from PIDC was successfully awarded a $1,892,000 grant from the federal government for the creation of an Advanced Manufacturing Accelerator focused on transportation equipment.

Read More

December 19, 2012

SHOP PHL WIN IT WEDNESDAY

Today is a special #ShopPHL Win It Wednesday!

Read More

December 6, 2012

PWD AND PIDC LAUNCH SECOND ROUND OF STORMWATER MANAGEMENT INCENTIVES PROGRAM (SMIP) GRANT

Contact: Laura Copeland, 215-685-4902 For Immediate Release: November 30, 2012 PWD and PIDC Announce $5 Million in Grants to Promote Green Stormwater Management Practices in Philadelphia PHILADELPHIA: The Philadelphia Water Department (PWD) and the Philadelphia Industrial Development Corporation (PIDC) launched the second round of the Stormwater Management Incentives Program (SMIP) Grant on Monday, December 3,

Read More

October 10, 2012

WIN IT WEDNESDAY!

Question:  Can you guess what PIDC client this picture is from?

Read More

September 9, 2012

MARK GROUP’S NEW HEADQUARTERS AT THE NAVY YARD

Less than two years ago, Mark Group, a U.K. based company, selected The Navy Yard in Philadelphia as the home for their U.S. headquarters following a coordinated business attraction effort between the City of Philadelphia, the Commonwealth of Pennsylvania, Select Greater Philadelphia and PIDC.

Read More

September 8, 2012

STATE EXTENDS PERMITS AND APPROVALS TO JULY 1, 2016

 *Guest column provided by the City of Philadelphia: This summer, the Pennsylvania Legislature passed legislation extending local permits and approvals set to expire between January 1, 2009 and July 1, 2013 until July 1, 2016.

Read More

September 8, 2012

PIDC ANNOUNCES WEEKLY SOCIAL MEDIA CAMPAIGN

PIDC is excited to announce the start of a new social media weekly campaign to engage our audience and be accessible online as a resource in economic development.

Read More

August 8, 2012

SPECTRUM HEALTH SERVICES BREAKS GROUND ON NEW WEST PHILADELPHIA SITE

On July 12, 2012 Spectrum Health Services (SHS) celebrated the groundbreaking of a $14 million health facility in West Philadelphia. The 36,000 square foot facility located at 52nd and Haverford Avenue will be the new Haddington Health Center, and is expected to be completed in July 2013.

Read More

August 8, 2012

US CONFERENCE OF MAYORS (USCM) DISCUSSES URBAN MANUFACTURING

On July 20, 2012 Philadelphia Mayor Michael A. Nutter, in his role as President of the US Conference of Mayors (USCM), presided over the organization’s annual summer meeting in Philadelphia. 

Read More

August 8, 2012

VINCERA INSTITUTE MOVING TO BUILDING 489 IN THE NAVY YARD

Vincera Core Physicians, a Navy Yard tenant currently located in Building M-1, will expand and become part of Vincera Institute when their new home at Building 489 is complete in spring 2013. 

Read More

August 8, 2012

INTERNSHIPS PROMOTE PHILADELPHIA AS A SMART CHOICE

Over the past three months, 10 undergraduate and graduate-level students have had the opportunity to intern in PIDC’s real estate, financing, market development and operational departments including The Navy Yard.

Read More

August 8, 2012

PENNSYLVANIA PASSES STATE HISTORIC TAX CREDIT PROGRAM

On July 2, 2012, Pennsylvania became the 30th state in the country to offer a state historic tax credit when Governor Tom Corbett signed the FY 2013 Commonwealth Budget and established the Historic Preservation Incentive Act.

Read More

July 11, 2012

PIDC 2012 MID-YEAR REVIEW

Philadelphia’s economic strength lies in the diversity and innovation of its people, its institutions, and its business community.  That’s why PIDC works with businesses, non-profits, and developers in all market sectors and neighborhoods to provide financing and real estate resources resulting in job creation and economic growth. 

Read More

Real Estate Initiatives

July 11, 2012

PIDC AWARDED $1.4 MILLION IN COMPETITIVE EPA FUNDING

The Environmental Protection Agency (EPA) recently awarded the Philadelphia Authority for Industrial Development (PAID) three grants totaling $1,400,000. 

Read More

July 11, 2012

NEW REPORT MEASURES IMPORTANCE OF THE CREATIVE SECTOR TO PHILADELPHIA’S ECONOMY

The Mayor’s Office of Arts, Culture and the Creative Economy (OACCE) recently released a new research report which shows that Philadelphia’s creative sector employment totals 48,900 jobs, representing 6.5% of the City’s employment base or one-in-fifteen jobs.

Read More

June 10, 2012

EMERGING BUSINESS SUITE OF PROGRAMS AVAILABLE FOR SMALL BUSINESSES

PIDC offers a suite of programs that support small and emerging businesses.  The Emerging Business Loan and Guarantee Programs ensure that small, minority, woman, and disabled-owned businesses have access to the working capital they need to grow.  Designed to fund your company’s outstanding receivables, the Emerging Business Loan Program is a working capital line-of-credit that

Read More

June 10, 2012

FOLLOW PIDC THROUGH SOCIAL MEDIA

For more than 50 years, PIDC has been helping small and large businesses grow throughout all of Philadelphia’s diverse neighborhoods.  Now PIDC is ready to ask the big questions of our times – “Will you like us on Facebook?” and “Can we get a Retweet?”! PIDC is delighted to announce the launch of its social

Read More