MED Week
September 27, 2021
PIDC Fall 2021 Events You Don’t Want to Miss
PIDC has some great events in store for you. This fall will be packed with a few awesome opportunities to virtually network with others, learn from industry leaders, and get the resources needed to grow your business. Learn more about our upcoming information sessions for the SBA’s Economic Injury Disaster Loans (EIDL), the Rebuild Contract
Read MoreFunding Update
September 24, 2021
COVID-19 Relief Pennsylvania Statewide Small Business Assistance Program Impact Report
The COVID-19 Relief Pennsylvania Statewide Small Business Assistance Program was a statewide grant program targeting small businesses impacted by business closure orders due to the COVID-19 public health crisis, so these businesses could get the relief they so desperately needed. The program provided grants ranging from $5,000 to $50,000 to small businesses that have been
Read MoreHispanic & Latino
September 24, 2021
Support Hispanic and/or Latino-owned Businesses
This Hispanic Heritage Month, we are highlighting just a few of our Hispanic and/or Latino owned PIDC client businesses and PIDC clients that primarily focus on services for Hispanic and/or Latino communities. Food Boricua Restaurant An authentic, family-owned Puerto Rican food restaurant with locations in Northern Liberties and Port Richmond. Don Pedro Meats & Market
Read MoreNMTC
September 2, 2021
PIDC ANNOUNCES A $60 MILLION ALLOCATION IN U.S. TREASURY NEW MARKETS TAX CREDITS
The 7th award for PIDC Community Capital for a total of $373 million in New Markets Tax Credit allocations over 13 years PHILADELPHIA (September 2, 2021) – Today, 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
Read MoreBlack-Owned
August 24, 2021
Milligan Group
Milligan Group LLC provides a full range of electrical construction, voice, data, and fiber optics telecommunications infrastructure as well as video surveillance solutions so that businesses’ infrastructure needs are met for this ever-changing industry. It is a certified MBE, WBE, and DBE firm and a signatory of the IBEW (International Brotherhood of Electrical Workers) local
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August 23, 2021
Working Capital for Rebuild Contracts
One major hurdle for small but growing contractors is maintaining a positive cash flow to fund costs and payroll especially as they look to take on bigger projects and grow. Those larger contracts can have payment terms up to 60 or 90 days, which often does not work for smaller businesses. PIDC’s Rebuild Contract Line
Read MoreScholarship
August 23, 2021
PIDC-D’Alessio Scholarship for Urban Development
PIDC is proud to announce the third-round recipients of the PIDC-D’Alessio Scholarship for Urban Development. The scholarship was launched in 2019 to support graduate students at Philadelphia schools seeking to pursue a career in urban development and finance. The scholarship was created by PIDC in recognition of M. Walt D’Alessio’s decades of commitment and leadership
Read MoreAAPI
August 23, 2021
Shop PHL: Into the Office
Whether your company is going back to work in the office, starting a hybrid working environment, or still operating remotely, we have a few PIDC clients that can help your company make a more seamless transition. Image courtesy of Team Clean, Floss Barber & Yikes Sanitize Team Clean Team Clean is a Black-owned/woman-owned commercial, janitorial
Read MoreBlack-Owned
July 26, 2021
Custom Arts Studio
Custom Arts Studio is an award-winning, woman-owned company in Philadelphia specializing in custom art and design. It has been featured in multiple media and shopping outlets, including CBS Philly, Philly Metro, 6abc, Wooder Ice, The Philadelphia Tribune, QVC, and the Home Shopping Network (HSN). Moreover, Custom Arts Studio was recently selected as artist-in-residence for the
Read MoreTeam Members
July 26, 2021
Meet the Summer 2021 PIDC Interns
This summer, 10 talented interns from various parts of the world 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. Myron Joel
Read MoreBusiness Tips & Resources
July 22, 2021
Comprehensive Report Identifies Current Gaps & Critical Steps To Level The Playing Field For Entrepreneurs Of Color In Philadelphia
Local Entities Seek to Address Fundamental Barriers to Wealth Faced by BIPOC-Owned Businesses and Identify Concrete Course of Action Forward PHILADELPHIA, PA — In an effort initiated as one of the priorities in the City’s inclusive growth plan, “Growing with Equity,” and intensified amid widespread calls for racial justice and the COVID-19 pandemic, a team
Read MorePress Release
July 12, 2021
RFQ Issued for Prime Ben Franklin Parkway Property
CONTACTS: City, Paul Chrystie, ; PIDC, Jessica Calter, Requests for Qualifications Issued for Prime Benjamin Franklin Parkway Property Exciting opportunity for redevelopment of two key locations including the former Family Court Building and additional adjacent lot at 1901 Wood Street PHILADELPHIA —PIDC, on behalf of the City and PAID, today released an exciting RFQ
Read MoreSHOP PHL
June 28, 2021
SHOP PHL: Summer Fun Edition
Now that all Safer-at-Home restrictions have ended, more businesses are operating at full capacity, most museums and attractions are open, and some people are returning to workplaces. To assist in this transition, the city launched Ready.Set.Philly, a collaborative civic initiative to safely bring people back to their workplaces and all the things they love about
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June 28, 2021
City & PIDC Announce Awards from COVID-19 Hospitality Industry Recovery Program (CHIRP)
More than 980 Philadelphia businesses selected to receive over $17 million in grants PHILADELPHIA, PA (January 13, 2021) – The City of Philadelphia and PIDC today announced that 981 Philadelphia businesses have been selected to receive a total of over $17 million from the Pennsylvania COVID-19 Hospitality Industry Recovery Program (CHIRP), the statewide program created by
Read MoreRestart Action Plan
May 24, 2021
The Navy Yard Selects Dominion Energy for the Electric Utility Operations & Maintenance Contract
Working in partnership with the City of Philadelphia Department of Commerce, the Chamber of Commerce for Greater Philadelphia, and Philadelphia Works, we have jointly identified four phases of work to drive an equitable economic recovery in Philadelphia: 1. RESPOND 2. RESTART 3. RECHARGE 4. REIMAGINE In July 2020, we announced our full recovery plan, detailing
Read MoreClient Stories
May 24, 2021
Powel & SLA-MS
In December 2019, Drexel University and the School District of Philadelphia held a groundbreaking ceremony to celebrate the new construction of a 2-story 90,000 square foot school building in the Powelton section of Philadelphia, a federally designated Promise Zone with a poverty rate of 48%. Fast-forward to 2021, and the construction project is now complete,
Read MoreFunding Update
May 24, 2021
Fund Your Business During COVID-19: May Update
Are you in need of funding for your business or project? Check out our list of new funding programs for businesses in industries such as arts, food, nonprofit, entertainment, and more! Apply soon! The Neighborhood Equitable Recovery Fund is a newly-launched partnership between the Office of Community Empowerment and Opportunity and Bread & Roses Community
Read MoreTeam Members
May 24, 2021
PIDC Celebrates Employee Anniversary Milestones
[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=”] 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
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