Entries by PIDCphila

EMERGING BUSINESS SUITE OF PROGRAMS AVAILABLE FOR SMALL BUSINESSES

PIDC offers a suite of programs that support small and emerging businesses.  The Emerging Business Loan and Guarantee Programs ensure that small, minority, woman, and disabled-owned businesses have access to the working capital they need to grow.  Designed to fund your company’s outstanding receivables, the Emerging Business Loan Program is a working capital line-of-credit that […]

FOLLOW PIDC THROUGH SOCIAL MEDIA

For more than 50 years, PIDC has been helping small and large businesses grow throughout all of Philadelphia’s diverse neighborhoods.  Now PIDC is ready to ask the big questions of our times – “Will you like us on Facebook?” and “Can we get a Retweet?”! PIDC is delighted to announce the launch of its social […]

MUNICIPAL BOND ISSUANCE INCREASES IN 2012

As of May 1, 2012, long-term municipal bond volume has increased over 70% as compared to the same period during 2011.  One significant driver of 2012 volume is an increase of state and local governments as well as non-profits refinancing outstanding bonds for debt service savings.  Refundings constitute 65% of the year-to-date 2012 municipal issuance […]

NAVY YARD PARTNERSHIP CREATES BIO DIESEL FUEL

The Sustainability Workshop, sponsored by the Energy Efficient Buildings Hub (EEB Hub) and located at Quarters A at The Navy Yard, is a place for students to come together to learn and solve “real world” problems around sustainability and energy efficiency.  Throughout its inaugural year, students formed groups to work on a variety of projects. […]

PHILADELPHIA: SMART CITY. SMART CHOICE FOR HOTEL INVESTMENT

PIDC and the Philadelphia Convention and Visitors Bureau (PCVB) recently released an updated report on Philadelphia:  Smart City. Smart Choice for Hotel Development.   This report outlines the hotel and convention market dynamics and history in Philadelphia and provides an overview of the many ways in which the City of Philadelphia and PIDC are supporting continued investment in […]

PIDC CLEANS UP BARTRAM’S GARDEN

On May 1, PIDC staff joined local, environmentally friendly apparel company United by Blue for their monthly clean up at Bartram’s Garden. Nearly 50 PIDC volunteers trekked along the Lower Schuylkill River collecting over 25 bags of trash and large objects weighing in at a total of 773 pounds. Some fun finds included a fortune […]

PIDC THANKS OUR 2011 CLIENTS AND RELEASES ANNUAL REVIEW

PIDC is thrilled to share its 2011 Annual Review, which highlights many of the exciting client projects that PIDC supported throughout the year. This was a special project that took a lot of dedication, care, and team work – like everything PIDC does! In 2011, PIDC closed 180 transactions, investing $555 million with total project […]

PIDC IS CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI)

PIDC is happy to announce that, as of April, PIDC-Regional Development Corporation (PIDC-RDC) was certified as a community development financial institution (CDFI) by the U.S. Treasury’s Community Development Financial Institutions Fund (the CDFI Fund).  PIDC-RDC is a non-profit subsidiary created by PIDC to attract public, private, and philanthropic capital for targeted community lending and development […]

GPIC CHANGES NAME TO ENERGY EFFICIENT BUILDINGS HUB

On May 1, The Greater Philadelphia Innovation Cluster for Energy Efficient Buildings (GPIC) became the Energy Efficient Buildings Hub (EEB Hub).  The EEB Hub is focused on reducing energy consumption in the commercial building sector by 20 percent by 2020 through informed people, validated information, and proven technologies. With a more focused brand identity, the […]