JULY 2026 NEWSLETTER

FEATURED STORIES

Image of people standing at the top of subyway stairs.

Meet PIDC’s New Team Members – Summer 2026

At PIDC, our work is powered by people who are passionate about creating opportunities for Philadelphia’s businesses, neighborhoods, and residents. As we continue to expand our impact across the city, we’re excited to welcome several new team members whose talents, experiences, and perspectives will help advance that mission.

From seasoned professionals to interns beginning their professional journeys, each new addition strengthens our ability to serve Philadelphia’s business and development community. Join us in welcoming these talented professionals and emerging leaders to PIDC. Together, they represent the future of our organization and the next chapter of our efforts to create opportunity and strengthen communities across Philadelphia.

See the Impact: Explore PIDC's 2025 Annual Review

In case you missed it, our 2025 Annual Review is now available! See how PIDC helped drive economic growth across Philadelphia in 2025—from supporting nearly 300 financing and real estate transactions to creating and retaining more than 1,700 jobs, investing in communities across all 10 City Council districts, and celebrating 25 years of transforming the Navy Yard.

Explore the stories, milestones, and impact behind the numbers, and see how we're continuing to create opportunity for Philadelphia's businesses, neighborhoods, and residents.

Celebrate MED Week by Investing in Your Business

Join PIDC on October 7th for a special MED Week workshop to learn about the financing products and services available to help Philadelphia businesses grow and achieve their goals.

During this session, business owners will get an overview of PIDC's services, learn what to expect throughout the application process, and dive into the steps that follow after submitting an application. Whether you're looking to expand, invest in your business, or explore new opportunities, this session will help you navigate the process with confidence.

Register Now

Mark Your Calendar: 2026 New Markets Tax Credit Conference

Join PIDC for its 5th annual New Market Tax Credits Conference, Building Blocks: Connecting Capital to Community Impact. This event will provide an in-depth exploration into the world of the New Markets Tax Credit (NMTC) program. These valuable resources will help you prepare to use New Markets Tax Credit (NMTC) financing as a funding source for your projects, whether for real estate development, construction, or operating business needs such as working capital and equipment financing. In addition, a subject matter expert will discuss strategies for utilizing NMTC financing in both for-sale housing and affordable housing developments, highlighting key opportunities, considerations, and best practices for structuring these projects.

Collage of 6 small business owners. The image says, "The Capital You Need. The Business You Love. Get a flexible small business loan." Button says, "Help me grow."

DBE Firms Must Complete Required Certification Reevaluation

The U.S. Department of Transportation has updated the eligibility standards for the DBE and ACDBE programs, and all currently certified firms are now required to complete a mandatory certification reevaluation.

Failure to complete the reevaluation process may result in removal from the DBE/ACDBE directory.

Firms are encouraged to submit their materials as soon as possible to avoid delays. Additional guidance, including submission instructions, required forms, and an informational video, is available through SEPTA's Certification Department. For questions, contact the Certification Department at 215-580-7278 or DBEProgram@septa.org.

Learn More

Applications Open for Welder Training Program at the Navy Yard

Ready to build a career in one of Philadelphia's fastest-growing industries? Applications are now open for the Welder Training Program at Hanwha Philly Shipyard through The Skills Initiative at the Navy Yard.

Designed for Philadelphia residents with at least one year of professional welding experience, this paid training program combines professional development, classroom instruction, and hands-on welding training to prepare participants for full-time careers in shipbuilding. Eligible participants can receive weekly stipends the opportunity to interview for a full-time Welder position at Hanwha Philly Shipyard.

Applications are due Friday, July 24 at 5:00 p.m. Learn more and apply today.

PIDC Community Capital Receives $6.5 Million Investment from JPMorganChase

PIDC is thrilled to share that JPMorganChase recently announced a major investment in Philadelphia's future, including a $6.5 million investment in PIDC Community Capital, PIDC's lending arm and Community Development Financial Institution (CDFI). The PIDC team is grateful for this support, as the funding will help us expand access to flexible financing for businesses in the maritime, defense, and manufacturing sectors, helping drive growth, innovation, and job creation at the Navy Yard and beyond. This investment demonstrates how cross-sector collaboration can help Philadelphia compete, attract investment and contribute to industries that are critical to America’s economic growth and prosperity.

Join our Boost Your Business Info Session & Learn How You Could Get a $50,000 Forgivable Loan

The City of Philadelphia is launching the latest round of Boost Your Business, a program to help businesses grow, obtain new contracts, increase revenue, and create jobs for Philadelphians. Through the program, 20 businesses will be selected to receive a $50,000 forgivable loan. The loan will be forgiven when the business meets its stated growth goals, with additional business support assistance provided throughout the process. Boost Your Business is a program of the Department of Commerce, in partnership with PIDC, for business owners who face unique barriers in accessing critical funding and resources that are needed to help their businesses grow.

Join PIDC and the Department of Commerce on August 10 to learn how to apply to be considered for Boost Your Business Program.

Register Now

FEATURED CLIENTS

Summer is here! Check out one of #Philadelphia's oldest surviving botanic gardens and spend a day at a recently built park!

Bartram's Garden

Bartram's Garden is the first nationally landmarked landscape and the oldest surviving botanic garden in North America, located in Southwest Philadelphia.The 50-acre public park invites visitors to experience centuries of history while enjoying a peaceful nature adventure and more.

Photo Credit: PIDC

love.fútbol

love.fútbol is a non-profit organization focused on providing safe spaces for children all around the world to live, laugh and play. One of their recent projects is Hissey Playground here in Philadelphia, which features soccer fields and basketball courts for everyone to enjoy.

Photo Credit: love.fútbol

Calder Garden

Dedicated to Alexander Calder, one of the most acclaimed and influential artists of the 20th century, Calder Garden is an indoor and outdoor art institute bringing art, architecture, nature, and programming together for community featuring more than 250 varieties of plants and art exhibits.

Photo Credit: R. Rabena