PIDC Community Capital

Established in 1997 by PIDC, PIDC Community Capital aims to support community revitalization, improved quality of life, and business growth, particularly among Philadelphia’s African American-owned businesses.  To do so, the CDFI focuses on: 1) financing high impact projects in disadvantaged communities that create quality jobs, eliminate blight, and provide new goods and services; 2) deploying capital and technical support services to small, growing businesses; and 3) repositioning and transitioning underutilized real estate assets for productive use.  In 2016, PIDC Community Capital made 75 business loans, over 60 percent of which were made to minority or women-owned firms, and invested over $15 million in low-income communities.