Sustainability
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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March 17, 2023
Client Feature: H&Mcare Breaks Ground on $13M Project for Home Care Support Services
Last month, PIDC client H&Mcare – a Black- and immigrant-owned home care support services business – celebrated a groundbreaking at 71st and Woodland Streets in Southwest Philadelphia. The $13 million project will provide critical services for the community, including housing to more than 22 individuals over the age of 65, an urgent care, a pharmacy, and residential
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March 17, 2023
Client Feature: Made Institute Fashion School Celebrates 10 Years in Business
Made Institute Fashion School CEO, Rachel Ford, started teaching couture sewing classes out of her live/work loft space in the Old City neighborhood in 2012. She wanted to share techniques she had learned working 10 years at the Philadelphia Opera to this city’s growing number of makers and designers. Now, after 10 years in business, Made
Read MorePartner Spotlight
March 17, 2023
Greater Northeast Philadelphia Chamber of Commerce
PIDC partner and business organization Greater Northeast Philadelphia Chamber of Commerce (GNPCC) is dedicated to the success of professionals, business members, and the free enterprise system. GNPCC works toward representing the Greater Northeast Philadelphia business community with a single voice that strengthens the engagement among all industries to achieve a common goal – to serve the region
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February 23, 2023
Jodie Harris Named Next President of PIDC
CONTACTS: Kevin Lessard, Liz Ferry, Chamber of Sarah Peterson, City of Harris, who currently leads the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund), will be the 12th chief executive and the first African American woman to serve in the role in PIDC’s 65-year history. PHILADELPHIA (February 23,
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February 21, 2023
PIDC Clients You Need to Know in 2023 – Black Business Owners
Honoring the legacy and great contributions of Black-owned businesses in Philadelphia, this Black History Month and beyond, we’re highlighting a few of our awesome PIDC clients. We’re proud to support local, diverse businesses through funding, workshops, and other services for business growth. Check out their success stories and what they consider the most rewarding part
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February 21, 2023
PIDC Client Spotlight: Silvia’s Bakery
PIDC client Silvia’s Bakery is a Hispanic-, immigrant-, woman-owned bakery that specializes in making Dominican cake, Hispanic desserts, custom cakes, cupcakes, cookies, and cake pops from scratch. Owner Silvia Paulino grew up in a family of entrepreneurs. Her mother was a seamstress, and her father owned a grocery store in the Dominican Republic in which she often
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February 21, 2023
Apply Now for Working Capital to Fund Rebuild Contracts
One major hurdle for small but growing contractors is maintaining a positive cash flow to fund upfront project costs and payroll, especially as they take on bigger projects and grow their operations. Larger contracts can have payment terms of up to 60, 90, or 120 days, which may not work for smaller businesses experiencing a
Read MoreTeam Members
January 26, 2023
Introducing Our New PIDC Board Members
We are thrilled to welcome three new members to our PIDC Board of Directors. Meet our new members, Miguel Alban of Multicultural Banking Group, Jovan Goldstein of JT Goldstein, LLC, and Thomas A. K. Queenan of Mission First Housing Group. MIGUEL ALBAN Senior Vice President & National DirectorMulticultural Banking Group, Customers Bank Miguel Alban is
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January 26, 2023
Meet PIDC’s New Team Members – Winter 2023
PIDC continues to grow, drawing from Philadelphia’s top talent. We recently hired an excellent group of hardworking, talented, and experienced employees in various fields. It is our pleasure to introduce you to our new additions to the PIDC team! Alicia Santiago Wallkill, NYNavy Yard Analyst & Project Manager What role will you play in helping
Read MoreSHOP PHL
January 26, 2023
Shop PHL: New Year, New You
Whether you want to do home improvements, get in shape, implement healthier eating habits, grow your business, or improve your finances, there’s a local business for that, so we rounded up various PIDC client businesses that can help you jumpstart your new year goals. Use this new year as new motivation to support small businesses.
Read MoreScholarship
January 25, 2023
Applications Open: 2023 PIDC-D’Alessio Scholarship
Walt D’Alessio committed more than 46 years to PIDC as its chief executive and Chairman. He embodies the core principles of the PIDC partnership—dedication, integrity, and an unwavering commitment to supporting growth throughout Philadelphia. As part of PIDC’s 60th Anniversary in 2018, and in recognition of Walt’s decades of commitment and leadership at PIDC; his
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January 25, 2023
PIDC Celebrates Employee Milestones for Q4 of 2022
All of our employees are such a significant part of our team and we couldn’t imagine our workplace without them. Recently, a few of our employees reached their anniversary milestones and/or received a promotion. Please join us in congratulating them on their achievements. Our employees have all worked hard for their accomplishments and we truly
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December 22, 2022
2022 PIDC Highlights
It was another high-impact year for the PIDC team! We continued to focus on our strategic priorities, including our leadership role in Philadelphia’s inclusive and equitable economic recovery from the impacts of the COVID-19 pandemic. With a strong foundation and 64-year track record, last year, PIDC identified the need to build upon the organization’s recent
Read MoreLower Schuylkill River
December 22, 2022
Three Firms Shortlisted Biotech Campus
The Lower Schuylkill Biotech Campus is where Philadelphia’s ecosystem of discovery will grow into life altering outcomes for all and on June 14, 2022, PIDC issued an RFQ looking for the right partner for this unprecedented cell and gene therapy development opportunity. The developer selection process is designed to identify a partner to help us
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December 7, 2022
PIDC Announces Current Executive VP Sam Rhoads as Interim President
NEWS RELEASE FOR IMMEDIATE RELEASE CONTACTS: Jazmund Walker, PIDC Director, Marketing Communications 215.496.8199 25+ year PIDC senior executive Sam Rhoads to serve as interim president of PIDC and PIDC Community Capital until the appointment of a new permanent president in early 2023. PHILADELPHIA (December 7, 2022) – Today, PIDC announced that current Executive Vice
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November 17, 2022
Meet PIDC’s New Team Members – Fall 2022
PIDC continues to grow, drawing from Philadelphia’s top talent. We recently hired an excellent group of hardworking, talented, and experienced employees in various fields. It is our pleasure to introduce you to our new additions to the PIDC team! Luke Antonello Media, PA PIDC:Financial Services, Conduit Finance TITLE:Grants Administrator Q: What role will you play
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