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

Comprehensive Report Identifies Current Gaps & Critical Steps To Level The Playing Field For Entrepreneurs Of Color In Philadelphia

[av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” custom_class=” admin_preview_bg=”] 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

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