2023 CDFA National Development Finance Summit Recap

On November 9, PIDC had the pleasure of welcoming—and sponsoring— the Council of Development Finance Agencies (CDFA) to Philadelphia for its National Development Finance Summit. PIDC President Jodie Harris helped kick off the summit by sharing how we help grow our local economy and drive growth to every corner of our city through inclusive economic

2022 Annual Review

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots To develop this Theory of Change, we used three intersecting lenses through which we, should view our work: Racial Equity Progressing toward a fair and just

2022 ANNUAL REVIEW: SUPPORT

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots BUSINESS LENDING & COMMERCIAL REAL ESTATE In 2022, PIDC originated $35.3 million in new loans to 76 small and mid-sized businesses, nonprofits, and developers through catalytic

2022 ANNUAL REVIEW: INVEST

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots FACILITATING TAX-EXEMPT BONDS PAID, which is managed by PIDC, is a public authority created by the City of Philadelphia. PAID issues tax-exempt bonds for projects undertaken

2022 ANNUAL REVIEW: CATALYZE

*Photo Header Above: Boricua Restaurant, Navy Yard: Alpha Sacred Being, Poth Brewery Lofts, ACANA: African Cultural Alliance of North America, Lil’ Pop Shop’s & Weckerly’s Popalong, & Rae’s Roots INDUSTRIAL LAND DEVELOPMENT While land sales were limited this year, it was an active year for commercial and industrial land sales as PIDC continued to position

Advisory Network for Small Business

PIDC partner Advisory Network for Small Business (ANSB) is a volunteer nonprofit organization that helps new and experienced businesses grow and thrive. ANSB provides a dedicated advisory team including experienced owners, entrepreneurs, and corporate executives with proven expertise in critical business disciplines—human resources, marketing, finance, strategic planning, and operations—who will partner with business owners to

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

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

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