PIDC Announces Recipients of the 2025 PIDC-D’Alessio Scholarship for Urban Development

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PIDC is proud to announce the seventh-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. Walter D’Alessio’s decades of commitment and leadership

Meet PIDC’s New Team Members – Summer 2025

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As PIDC continues to evolve and grow to meet market needs, we’re excited to introduce the newest additions to our team! These accomplished professionals bring valuable experiences and unique perspectives. Their insights and expertise will help strengthen our work citywide as we continue to support Philadelphia’s business community, drive meaningful development across the city, and

Fueling Philadelphia’s Future: PIDC’s 2024 Annual Review

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We’re proud to share PIDC’s 2024 Annual Review, reflecting on a year of progress, innovation, and investment across Philadelphia. Throughout the year, PIDC remained focused on fueling the city’s growth — supporting small businesses, advancing real estate development, expanding access to capital, and strengthening communities. In 2024, PIDC closed 297 transactions, providing financing to 262

Korea Taqueria Blends Cultures & Cuisines in Philadelphia

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Founded in 2022 by Korean Australian chef Alexander Sherack and Mexican chef Rene Lopez, Korea Taqueria has quickly become one of Philadelphia’s most exciting culinary destinations. What began as a shared dream between two food truck owners is now a growing restaurant brand that blends the vibrant flavors of Korean and Mexican cuisine. Both chefs

If Our Pets Worked at PIDC, What Paw-sitions Would They Have?

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Have you ever looked at your pet and wondered what kind of job they’d have? Us too!  In honor of National Pet Day, we imagined a world where our furry friends joined us at PIDC. From Paw-sident of Operations to Cat-italization and Impact Coordinators, we’re sure our animal companions would bring their A-game to help

New Annual Reporting Requirement for Pennsylvania Businesses

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New Annual Reporting Requirements for Pennsylvania businesses went into effect on January 1, 2025, after the Commonwealth of Pennsylvania passed Act 122 in 2022. This Act requires Pennsylvania-based businesses and those registered to do business in Pennsylvania to file an Annual Report with the Pennsylvania Department of State.  Who is required to file an Annual

Celebrating Success: PIDC Client Milestones in 2024

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As we look back on 2024, we’re thrilled to celebrate the incredible achievements of our clients across Philadelphia. From expanding their operations to celebrating major anniversaries to launching groundbreaking initiatives, these businesses and entrepreneurs have exemplified innovation, resilience, and impact in our community. At PIDC, we’re proud to support business growth and success every step

10 Ways to Support Small Businesses in Philadelphia This Holiday Season

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Supporting small businesses during the holiday season is one of the best ways to give back to your community and find unique, heartfelt gifts that stand out. When you shop local, you’re investing in your own neighborhood and helping local entrepreneurs thrive, while supporting countless local jobs. PIDC knows how important our local small businesses

PIDC Cares: Nonprofits Our Team Loves

At PIDC, we’re committed to not only growing Philadelphia’s economy but also to supporting the organizations that make our city a stronger and more inclusive place. In the spirit of the holiday season, we asked our team members to share some of their favorite nonprofits making our city better for all. Whether they’re feeding the

Meet PIDC’s New Team Members – Fall 2024

We’re excited to introduce the newest additions to PIDC’s growing team! Each of these talented professionals brings unique skills, experiences, and fresh perspectives that will help drive our mission to foster economic growth and opportunities throughout Philadelphia. As PIDC continues to support businesses, nonprofits, and developers in our vibrant city, these new team members will