November 18, 2016
by PIDCphila
Comments Off on PIDC ANNOUNCES A $60 MILLION ALLOCATION IN U.S. TREASURY NEW MARKETS TAX CREDITS

PIDC ANNOUNCES A $60 MILLION ALLOCATION IN U.S. TREASURY NEW MARKETS TAX CREDITS

 

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PIDC ANNOUNCES A $60 MILLION ALLOCATION IN

U.S. TREASURY NEW MARKETS TAX CREDITS

PIDC Community Capital is the only Philadelphia organization

to receive allocation in current round of awards

PIDC today 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 Institutions (CDFI) Fund. Continue Reading →

October 21, 2016
by PIDCphila
Comments Off on THE LOWER SCHUYLKILL CONTINUES TO ADVANCE

THE LOWER SCHUYLKILL CONTINUES TO ADVANCE

The Lower Schuylkill is continuing its transformation into a great revitalization story for Philadelphia.  In 2013 a long-term plan was introduced to reposition the 3,700-acre, historically industrial corridor as a modern, integrated network of three distinct business campuses. Continue Reading →

September 28, 2016
by PIDCphila
Comments Off on EPA, PIDC, AND UNIVERSITY OF PENNSYLVANIA CELEBRATE PENNOVATION CENTER AS THE FIRST DEVELOPMENT IN LOWER SCHUYLKILL RIVER’S INNOVATION DISTRICT

EPA, PIDC, AND UNIVERSITY OF PENNSYLVANIA CELEBRATE PENNOVATION CENTER AS THE FIRST DEVELOPMENT IN LOWER SCHUYLKILL RIVER’S INNOVATION DISTRICT

PHILADELPHIA– PIDC, Philadelphia’s public-private economic development corporation, today gathered with the Environmental Protection Agency (EPA) and University of Pennsylvania at the Pennovation Works on the banks of the Lower Schuylkill River to announce completion of a $600,000 investment by PIDC and the EPA which has helped in realizing the first major development in the Lower Schuylkill River Innovation District. Continue Reading →

September 26, 2016
by PIDCphila
Comments Off on PRA INVITES PROPOSALS FOR PURCHASE AND DEVELOPMENT OF 800-30 VINE STREET

PRA INVITES PROPOSALS FOR PURCHASE AND DEVELOPMENT OF 800-30 VINE STREET

philadelphia-redevelopment-authority-logoThe Philadelphia Redevelopment Authority invites competitive proposals from developers to purchase and develop the PRA-owned Parcel located at 800-30 Vine Street in Center City Philadelphia. The Parcel is 140,000 square feet and generally bounded by 8th, 9th, Race and Vine Streets. Continue Reading →