Over the past three months, 10 undergraduate and graduate-level students have had the opportunity to intern in PIDC’s real estate, financing, market development and operational departments including The Navy Yard.
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On July 2, 2012, Pennsylvania became the 30th state in the country to offer a state historic tax credit when Governor Tom Corbett signed the FY 2013 Commonwealth Budget and established the Historic Preservation Incentive Act.
Philadelphia’s economic strength lies in the diversity and innovation of its people, its institutions, and its business community. That’s why PIDC works with businesses, non-profits, and developers in all market sectors and neighborhoods to provide financing and real estate resources resulting in job creation and economic growth.
The Commonwealth of Pennsylvania recently announced substantial changes to the Redevelopment Assistance Capital Program (RACP) including a program name change to the Pennsylvania Economic Growth Initiative (PEGI).
The Environmental Protection Agency (EPA) recently awarded the Philadelphia Authority for Industrial Development (PAID) three grants totaling $1,400,000.
The Philadelphia Water Department (PWD) and the Philadelphia Industrial Development Corporation (PIDC) have awarded $3.2 million in grants to promote green stormwater management practices in a highly competitive selection process for private and non-profit properties resulting in the planned development of 64 green acres.
The Mayor’s Office of Arts, Culture and the Creative Economy (OACCE) recently released a new research report which shows that Philadelphia’s creative sector employment totals 48,900 jobs, representing 6.5% of the City’s employment base or one-in-fifteen jobs.
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 […]
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 […]
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 […]