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PIDC - Regional Development Corporation
Philadelphia PACDFI Awards for PIDC - Regional Development Corporation
TA (2008) - $100,000
NMTC (2007) - $60,000,000
PIDC-RDC will provide capital in the form of equity and debt to qualified businesses and to real estate projects in disadvantaged areas throughout the City of Philadelphia. These investments are intended to physically reintegrate underutilized assets and disenfranchised groups back into the City’s economy. NMTC benefits will primarily be used to reduce borrowers" overall cost of capital through a reduction in interest rates. Other features will include: debt with equity features, subordinated-debt, extended interest-only periods, higher loan-to-value ratios, longer amortizations, more flexible credit standards, non-traditional collateral requirements, lower debt service coverage ratios and loan loss reserve waivers.
Other Community Development Financial Institutions in Pennsylvania
American Street Financial Services Center
Philadelphia
Beech Capital Venture Corporation
Philadelphia
Berean Federal Savings Bank
Philadelphia
Borinquen Federal Credit Union
Philadelphia
Commonwealth Cornerstone Group
Harrisburg
Community First Fund
Lancaster
economic opportunities fund
philadelphia
Enterprise Center Capital Corporation, The
Philadelphia
Housing Opportunities, Inc.
Homestead
Impact Loan Fund, Inc.
Philadelphia
Landmarks Community Capital Corporation
Pittsburgh
MetroAction Inc.
Scranton
Mon Valley Initiatives
Homestead
Murex Investments, Inc.
Philadelphia
National Community Capital Association
Philadelphia
New Horizons Community Federal Credit Union
Philadelphia
New Life Credit Union
Philadelphia
Northside Community Development Fund
Pittsburgh
Philadelphia Commercial Development Corp
Philadelphia
PIDC - Regional Development Corporation
Philadelphia
PNC Community Partners, Inc.
Pittsburgh
Progress Fund, The
Dawson
Reading"s Future, LLC
Reading
Reinvestment Fund, Inc., The
Philadelphia
Rising Tide Community Loan Fund
Bethlehem
Rural Enterprise Development Corporation
Bloomsburg
Technical Resources, Inc.
Philadelphia
Tri County Community Loan Fund
Uniontown
United Bank of Philadelphia
Philadelphia
Universal Capital Investment Fund, Inc.
Philadelphia
West Philadelphia Financial Service Institution
Philadelphia
Women and Families Facilities Fund
Philadelphia
Women"s Opportunities Resource Center
Philadelphia
Featured Government Grant Resources
Department of Agriculture: Value Added Producer Grants
The Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.
Small Business Administration Background
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
Social Entrepreneurship
Spotlight
Ashoka Unveils Gulf Program to Promote Social Entrepreneurship
Ashoka, a global platform for social innovation, introduced the Arab World Social Entrepreneurship Programme (ASEP) to support local social entrepreneurs in scaling up their operations in three key areas – healthcare, environment and women participation for inclusive growth.
