PIDC February Newsletter
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FEBRUARY 2025 NEWSLETTER
FEATURED STORIES
Called to Serve Breaks Ground on the Reverend Leon H. Sullivan Community Impact Center with Help from PIDC
Called to Serve (CTS) recently celebrated the groundbreaking of the Reverend Leon H. Sullivan Community Impact Center with an event featuring remarks from PIDC, government officials, and the project development team. They highlighted how this transformative project builds on past achievements and sets a vision for the future of the community.
The redevelopment of the historic Zion Baptist Church Annex into The Reverend Leon Sullivan Community Impact Center will create a powerful hub for essential healthcare services, workforce training, and community programming, and serves as a critical investment in the future of the Nicetown-Tioga neighborhood, creating jobs and revitalizing a cornerstone of this vibrant neighborhood. PIDC is proud to be a key financing partner for this project.
Shop PHL: Black-Owned BusinessesShopping at Black-owned businesses is a powerful way to support economic equality in your own neighborhood. At PIDC, we are committed to increasing opportunities for Black entrepreneurs by providing access to flexible financing and business resources to help fill funding gaps and drive long-term success. Check out some of our incredible Black-owned business clients and treat yourself to a shopping spree that uplifts our community. |
New Reporting Requirement for Pennsylvania BusinessesNew Annual Reporting Requirements for Pennsylvania businesses went into effect on January 1, 2025, after the Commonwealth of Pennsylvania passed Act 122 in 2022. This Act requires Pennsylvania-based businesses and those registered to do business in Pennsylvania to file an Annual Report with the Pennsylvania Department of State. Here’s the must-know information to make sure you are in compliance. |
Sending Love to Our PIDC Clients
At PIDC, we believe in reflecting on the relationships that matter most—both personally and professionally—and we want to express our heartfelt appreciation to our clients. Whether you’ve attended one of our Business Builder workshops in English or Spanish, worked with our real estate team to find the perfect location for your business, or have gotten help with funding, we are grateful for the many clients that we have across Philadelphia.
To show our gratitude, we asked our team members to share personal messages of love and appreciation for our clients. We’re excited to share those messages and celebrate all of our PIDC clients that continue to drive growth to every corner of Philadelphia.
PIDC's D’Alessio Scholarship for Urban DevelopmentPIDC launched the D’Alessio Scholarship for Urban Development in 2018 in recognition of Walt D’Alessio’s decades of commitment and leadership at PIDC; his many years of service to Philadelphia’s business, civic, and governmental communities; and his support for people across the profession. This year, the scholarship carries a deeper meaning as we honor the memory of Walt and the more than 46 years he dedicated to PIDC as its chief executive and chairman. Though no longer with us, his unwavering commitment to supporting growth through Philadelphia lives on through the opportunities this scholarship provides, empowering the next generation to follow in his footsteps. |
Philadelphia Diverse Emerging Leaders (PhiDEL) Scholarship & InternshipPIDC is proud to announce the launch of the Philadelphia Diverse Emerging Leaders (PhiDEL) Scholarship & Internship. This new initiative builds on our commitment to fostering the next generation of economic development leaders by providing financial support and real-world experience to students. With the support of Crow Holdings and Colliers, the PhiDEL program will provide up to two $5,000 scholarships and paid internships tailored to students’ academic and career goals. Apply now or share this opportunity to shape the next generation of economic development leaders! |
Business Builder WorkshopsGrow your business with PIDC Business Builder Workshops, which provide critical business education to businesses and organizations from every market sector. Presented by subject matter experts, these workshops are foundational in building skills, making connections, and providing components needed to reach strategic growth goals. Business Builder Workshops are free and specifically targeted to established businesses only. |
CreativeMornings at the Navy YardCreativeMornings is a monthly breakfast lecture series for the creative community in the City of Brotherly Love. All events are free of charge and include a 20-minute talk, plus coffee! This month’s event will be held in the Acid Room at URBN and will feature guest speaker Wilde & Lovely, a multifaceted brand known for its unique blend of aesthetic design, creative direction, floral artistry, and millinery. |
Elevating Every Occasion—How Martha Santos Makes Events Shine
M Santos Interiors LLC turns moments into memories. Founded in 2018 by Martha Santos, this interior design and event planning company specializes in cohesive and visually stunning events. What began as a teenage passion for decorating has blossomed into a successful business that’s redefining Greater Philadelphia’s events industry.
The event planning industry is fast-paced, with best-practices and trends always evolving. But Santos is always one step ahead, by regularly attending training and classes. Some of the training she relies on are PIDC’s Business Builder Workshops en Español, spanish-taught workshops which address a variety of business topics led by Hispanic and Latino(a) professionals. These classes have enabled Santos to advance her business.
FEATURED CLIENTS
We're celebrating the accomplishments of Black-owned #PIDCclients during Black History Month and all year long! From transforming historic properties to fostering community growth, these businesses are making a lasting impact in Philadelphia.
ACANA, the African Cultural Alliance of North America, is at the forefront of development in Southwest Philadelphia’s Africatown, a thriving commercial and cultural corridor for the city’s booming immigrant populations from Liberia, Senegal, and other African and Caribbean countries.
Smith + Roller, owned by business partners Tayyib Smith and Jacob Roller, was founded in 2018 as a majority Black-owned real estate development company focused on revitalizing Philadelphia’s historically significant properties into spaces that nurture the arts, commerce, and community engagement.
Eatible Delights Catering is a catering and event planning company that prepares classic cuisine and familiar favorites with a modern flare. From weddings, corporate parties, and more, Eatible Delights brings your vision to life with food that makes your event shine.
NEWS AT A GLANCE
SBA loan programs targeted for 'substantial reforms' under Trump administration | The Philadelphia Business Journal
Small-business grants you can apply for in February 2025 | The Philadelphia Business Journal
20 Greater Philadelphia projects to watch in 2025 | The Philadelphia Business Journal
Shapiro designates $30M for life sciences growth in proposed Pennsylvania budget |The Philadelphia Business Journal
NIH Cuts To Stifle Demand Driver For Life Sciences Space | Bisnow
‘Shock across the system’: How government layoffs are impacting Philadelphia’s federal workforce | The Philadelphia Inquirer
Mayor Parker launches Philly initiative to create and preserve 30,000 housing units | WHYY
New name joins Philadelphia skyline | The Philadelphia Business Journal
UArts’ Hamilton Hall will go to the Philly company that repurposed the Bok Building | The Philadelphia Inquirer
‘Tourism on steroids’: How the next 18 months will determine Philadelphia’s future as a travel destination | City & State PA
Philly small businesses are not immune to natural disasters. Are you prepared? | The Philadelphia Inquirer
Center City sees more than $1B in developments, report finds | Metro Philadelphia
With AI on the rise, the future of Philadelphia real estate is here |The Philadelphia Business Journal
What are your rights if ICE comes to your home or work? | The Philadelphia Inquirer
A new
small-business mandate is in limbo. Here's what businesses need to know. |The Philadelphia Business Journal
After the Sixers arena pivot: Philly’s Market East corridor remains a top priority and a sizable challenge | WHYY
What small businesses should know about complying with immigration law | The Philadelphia Inquirer
These Philly-area CEOs want to ‘unlock opportunities for more women’ | The Philadelphia Inquirer
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