September 12, 2013
by PIDCphila
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DREXEL UNIVERSITY, PIDC AND US BANK CLOSE ON NEW MARKETS TAX CREDIT FINANCING FOR DANA AND DAVID DORNSIFE CENTER

On August 21, 2013, Drexel University, PIDC and US Bank closed on $10.25 million of New Markets Tax Credit (NMTC) financing to develop the Dana and David Dornsife Center for Neighborhood Partnerships located at 3509 Spring Garden Street in the … Continue reading

May 2, 2013
by PIDCphila
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PIDC 2012 ANNUAL REVIEW

PIDC is thrilled to share its 2012 Annual Review, which highlights many of the exciting client projects that PIDC supported throughout the year.

March 7, 2013
by PIDCphila
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GOLDMAN SACHS 10,000 SMALL BUSINESSES INITIATIVE

PIDC is a proud partner of Goldman Sachs 10,000 Small Businesses in Philadelphia. Goldman Sachs 10,000 Small Businesses is a $500 million initiative designed to help small businesses create jobs and economic growth by providing entrepreneurs with access to capital, … Continue reading

March 7, 2013
by PIDCphila
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FRINGEARTS LAUNCHES NEW NAME AND NEW HEADQUARTERS

On February 25th, the Philadelphia Live Arts Festival and Philly Fringe marked the beginning of a new era: The 17-year-old contemporary arts organization officially changed its name to FringeArts and broke ground on a versatile permanent home along Philadelphia’s burgeoning … Continue reading

March 7, 2013
by PIDCphila
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NEW MARKET TAX CREDIT PROJECT OXFORD MILLS, WELL UNDER WAY

In October 2012, PIDC closed on a New Markets Tax Credit (NMTC) financing for the adaptive reuse of a former factory complex in the South Kensington neighborhood of Philadelphia.  Oxford Mills is a $37.8 million mixed-use project that will develop … Continue reading

March 7, 2013
by PIDCphila
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THE NAVY YARD – 2012 REVIEW AND 2013 PREVIEW

The Navy Yard had a very busy and successful 2012, including numerous groundbreaking and grand opening ceremonies, the launch of new shuttle services, and fun events like the first Lunch Truck Lineup. With 2013 well underway, The Navy Yard already … Continue reading

February 7, 2013
by PIDCphila
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PIDC HOSTS CHARTER SCHOOL FACILITIES FINANCING: BONDS 101 EVENT

On January 25th, PIDC hosted more than 25 charter school administrators, principals, and board members, as well as representatives from Community Development Corporations (CDCs) who are working for or with Philadelphia Charter Schools.

December 6, 2012
by PIDCphila
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2012 GROUNDBREAKINGS AND RIBBON CUTTINGS IN REVIEW

As 2012 comes to an end, it’s the perfect opportunity to look back on the highlights of the year. Philadelphia was bustling with groundbreaking and ribbon cutting activity and PIDC was proud to be involved with several of the projects.

November 8, 2012
by PIDCphila
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PIDC NONPROFIT CLIENTS FIND NEW BOARD MEMBERS THROUGH SUCCESSFUL BUSINESS ON BOARD PROGRAM

The Arts & Business Council of Greater Philadelphia (ABC), an affiliate of the Greater Philadelphia Chamber of Commerce (GPCC) works to strengthen the region’s creative sector, including arts, culture and for-profit creative businesses.