Impact Development Fund

After the successful investment of the initial round of $6M from the Impact Development Fund, PIDC launched a second round of $5M to support commercial, industrial, and mixed-use development on commercial corridors in Philadelphia’s low-income neighborhoods. PIDC’s Impact Development Fund provides new capital for neighborhood-based development, driving revitalization in communities that can often be overlooked

GROUNDBREAKING CEREMONY FOR $16M PLAZA ALLEGHENY SHOPPING CENTER

State and city officials and community members today joined Mayor Jim Kenney, project developer David Groverman, and PIDC for a groundbreaking ceremony at Plaza Allegheny, an 85,000 square foot mixed-use, retail shopping center in North Philadelphia’s Fairhill neighborhood.