________________PROFILE_____________________________
Since 1974, PCDC has played a vital role in assisting low-income individuals as well as socially and economically disadvantaged neighborhood firms to establish or expand their business through the provision of financial and technical assistance
Moreover, our wealth of experience in dealing with problems encountered by neighborhood businesses provides us with the skills and resources necessary to successfully address the issues of concerns and proposed plan of action presented herein
During the past thirty-two (32) years, PCDC has arranged financing through its Loan Programs in excess of $280,782,000 for more than 2,650 businesses. Of this total, PCDC has approved over $96,226,700 in direct loans. The firms that received assistance were mostly small, disadvantaged neighborhood-based businesses that have created and/or retained jobs for low-to moderate-income individuals
PCDC opens doors for economic advancement by building partnerships and fostering viable development projects and enterprises. Through PCDC’s
Neighborhood Commercial Revitalization (NCR) Department business owners, business associations, developers, community residents, financial institutions and City Government are brought together to create an attractive atmosphere for public and private investment in neighborhood commercial areas. The NCR Department services 44 targeted commercial areas which comprise of more than 5,250 businesses. Services to these areas encompass one-on-one technical assistance to business proprietors and associations, channeling of City Capital Improvement dollars to the area, and the provision of special Storefront Facade and Security Rebate programs for NCR merchants throughout the city of Philadelphia through the Small Business Community Improvement Program (SBCIP)
In previous years, PCDC has successfully operated a training incubator the Olde Philadelphia Company Store (OPCS), which included programs in management, entrepreneurial development and employment. During its tenure, OPCS trained over 112 individuals in management and independent entrepreneurship. These trainees representing low income, unemployed, displaced workers and welfare recipients have been placed in positions with such companies as Sun Oil, Mobil Oil, Party City, Burger King, McDonald’s and Denny restaurants. In addition, several promising graduates started their own businesses
|
