March 7, 2013
by PIDCphila
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PIDC AND PHFA HOSTS AFFORDABLE HOUSING FINANCING: TAX-EXEMPT FUNDING OPPORTUNITIES WORKSHOP

On March 6th, the Philadelphia Industrial Development Corporation (PIDC) and the Pennsylvania Housing Finance Agency (PHFA) hosted more than 100 developers, bankers, realtors, City representatives and Community Development Corporations (CDCs) at the offices of the Greater Philadelphia Chamber of Commerce.  … 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 2012 YEAR-END REVIEW

Philadelphia’s economic strength lies in the diversity and innovation of its people, its institutions, and its business community.