PIDC 2021 By the Numbers

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Last year was an incredible year for the dedicated PIDC team. We’ve compiled some highlights in a quick look back at some of PIDC’s 2021 accomplishments.

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COVID-19
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Delivered $70M in COVID-19 relief grants & loans to more than 5,000 small biz since the start of the pandemic – including $12M Restaurant & Gym Relief program & $17M COVID-19 Hospitality Industry Recovery Program in 2021 w/ City & State partners
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COVID-19 RELIEF GRANTS & LOANS
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RESTART PHL
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Re-launched the Restart PHL Loan program to provide 0% loans to help small biz get back on their feet & closed 7 Commercial Mortgage loans to support equity & wealth-building for entrepreneurs
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NEW MARKETS TAX CREDIT
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Sold a 9.6 acre site in West Parkside & provided one of the largest New Markets Tax Credit allocations in PIDC’s history to SUPRA EMSCO’s transformative development
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DEVELOPERS OF COLOR
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Invested $27M in projects led by developers of color supporting over $115M of investment since the beginning of 2020 (Mosaic Development, Philadelphia Chinatown Development Corporation, Smith & Roller, The Williams Group, and more)
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INVESTED IN PROJECTS LED BY DEVELOPERS OF COLOR
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ENVIRONMENTAL, SOCIAL & GOVERNANCE
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New Navy Yard development partners Ensemble/Mosaic announced unprecedented commitment to ESG, including commitment of $7.5 M to 21 Certified Minority and Women, Design & Engineering Firms to Lift Off $1B Diversity, Equity & Inclusion Pledge
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ESG COMMITMENT
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WORKFORCE TRAINING
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Completed two workforce training cohorts with Navy Yard employers Four Seasons Total Landscaping and Philly Shipyard, with 96.5% job placement rate!
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JOB PLACEMENT RATE
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CLIENT TECHNICAL SUPPORT
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Supported 50 entrepreneurs in building their credit through the PIDC/Clarifi Entrepreneur Credit Boot Camp & launched Business Builder Workshops En Español to support Philadelphia’s Spanish-speaking entrepreneurs
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ENTREPRENEURS IN PIDC/CLARIFI CREDIT BOOT CAMP
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LOWER SCHUYLKILL
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Made great progress in readying our development sites in the Lower Schuylkill for new job-creation opportunities
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FUTURE OF WORK
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Kicked off the future of our Industrial land development throughout the entire city through a new Industrial Land Use and Market Strategy (RFP open now!), with a focus on the Future of Work
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PIDC UPGRADE
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Plus critical internal advancements in information technology, human resources, financial reporting and accounting, legal, and so much more!
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