Great news! The City of Philadelphia launches the latest round of Boost Your Business, a program to help businesses grow, obtain new contracts, increase revenue, and create jobs for Philadelphians. Eligible businesses that are seeking City contracts are encouraged to apply.
An eligible business must have annual revenue of $350,000 or more. Each application will be evaluated based on the impact and feasibility of their growth plan.
Boost Your Business is a program of the Department of Commerce — in partnership with PIDC, for businesses owners, who face unique barriers in accessing critical funding and resources that are needed to help their businesses grow.
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.
Join upcoming information sessions
We encourage business owners to join one of two upcoming information sessions, held in partnership with PIDC. At these sessions, you can learn more about when and how to apply to be considered for Boost Your Business funding.
Business owners must register separately for each information session if they wish to attend both sessions, though the same information will be shared in each session.
The information sessions are hybrid and will be located at PIDC (1500 Market Street, Suite 3500 West).
Eligibility
To be eligible for funding through Boost Your Business, a business must:
- Be located in Philadelphia.
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Have annual revenue of $350,000 or more.
- Be in compliance with all local, state, and federal taxes (or on an approved payment plan or in the process of getting on an approved tax payment agreement).
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Have a clear budget and growth plan that will lead to increased contracts, revenue and/or employees.
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Be in operation for 2 or more years.
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Have Commercial Activity License (CAL), through the City of Philadelphia.
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Be independently owned; franchises are eligible only if independently owned.
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Have all required federal, state, and local licenses and permits to legally operate.
Is your business not eligible for this funding source through Boost Your Business program? Click here to view additional grants, loans and programs.
Required documents
- Business Growth Plan
- 2026 and 2027 operating projections for the business.
- Year-to-date 2026 management prepared profit & loss statement and balance sheet.
- 2 years of most recent federal business tax returns (2024 & 2025).
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Debt Schedule for the business.
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Credit Authorization form for all owners with 20% or greater interest in the business.
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Copy of government issued photo ID.
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Philadelphia Commercial Activity License (CAL).
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Copy of certificate of organization, articles of incorporation, or other similar entity formation documents filed with the Secretary of State of the Commonwealth of Pennsylvania for Borrower. If applicable, a copy of borrower’s operating agreement, bylaws or other similar governing document, fully executed by the appropriate representatives of Borrower.
How to apply
The application will open on July 1, 2026. The application deadline is August 31, 2026.
Businesses are encouraged to begin preparing documents before applying.
If you have any questions, email Boost@Phila.gov.
