October 4, 2013
by PIDCphila
0 comments

SPECTRUM HEALTH SERVICES, INC. OPENS NEW COMMUNITY HEALTH CENTER

On September 27, 2013 Spectrum Health Services, Inc. held a ribbon cutting ceremony and open house for its new community health center in West Philadelphia.

September 12, 2013
by PIDCphila
0 comments

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

July 11, 2013
by PIDCphila
0 comments

PIDC INVESTS IN THE CENTER FOR THE URBAN CHILD

On June 20, 2013, St. Christopher’s Hospital for Children, PIDC and Bank of America Community Development Corporation closed on $15 million of New Markets Tax Credit financing to develop the Center for the Urban Child (the “Center”) in the Feltonville/Juniata … Continue reading

February 7, 2013
by PIDCphila
0 comments

PIDC 2012 YEAR-END REVIEW

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

October 4, 2012
by PIDCphila
0 comments

PIDC CLOSES ON NEW MARKETS TAX CREDIT PROJECT WITH NEWCOURTLAND ELDER SERVICES

PIDC has closed on another New Markets Tax Credit transaction to create the NewCourtland Senior Health Center in North Philadelphia.  This transaction will utilize $10 million of the $50 million in New Markets Tax Credit (NMTC) allocation PIDC received in … Continue reading

May 20, 2012
by PIDCphila
0 comments

PIDC AWARDED $50 MILLION IN NEW MARKETS TAX CREDITS

Mayor Michael A. Nutter and PIDC president John Grady recently announced that PIDC received $50 million in New Market Tax Credits (NMTC) through the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund. These federal tax credits are utilized to … Continue reading