Last year was an incredible year for the dedicated PIDC team. We’ve compiled some highlights in a quick look back at some of PIDC’s 2021 accomplishments.
Delivered $70M in COVID-19 relief grants & loans to more than 5,000 small biz since the start of the pandemic – including $12M Restaurant & Gym Relief program & $17M COVID-19 Hospitality Industry Recovery Program in 2021 w/ City & State partners
Re-launched the Restart PHL Loan program to provide 0% loans to help small biz get back on their feet & closed 7 Commercial Mortgage loans to support equity & wealth-building for entrepreneurs
NEW MARKETS TAX CREDIT
Sold a 9.6 acre site in West Parkside & provided one of the largest New Markets Tax Credit allocations in PIDC’s history to SUPRA EMSCO’s transformative development
DEVELOPERS OF COLOR
Invested $27M in projects led by developers of color supporting over $115M of investment since the beginning of 2020 (Mosaic Development, Philadelphia Chinatown Development Corporation, Smith & Roller, The Williams Group, and more)
ENVIRONMENTAL, SOCIAL & GOVERNANCE
New Navy Yard development partners Ensemble/Mosaic announced unprecedented commitment to ESG, including commitment of $7.5 M to 21 Certified Minority and Women, Design & Engineering Firms to Lift Off $1B Diversity, Equity & Inclusion Pledge
Completed two workforce training cohorts with Navy Yard employers Four Seasons Total Landscaping and Philly Shipyard, with 96.5% job placement rate!
CLIENT TECHNICAL SUPPORT
Supported 50 entrepreneurs in building their credit through the PIDC/Clarifi Entrepreneur Credit Boot Camp & launched Business Builder Workshops En Español to support Philadelphia’s Spanish-speaking entrepreneurs
ENTREPRENEURS IN PIDC/CLARIFI CREDIT BOOT CAMP
Made great progress in readying our development sites in the Lower Schuylkill for new job-creation opportunities
FUTURE OF WORK
Kicked off the future of our Industrial land development throughout the entire city through a new Industrial Land Use and Market Strategy (RFP open now!), with a focus on the Future of Work
Plus critical internal advancements in information technology, human resources, financial reporting and accounting, legal, and so much more!