The Department of Commerce provides access to financial support for area businesses. These are programs, organizations, and services that can help Philadelphia business owners get financial support to start or improve their business.
Business financial support programs
Fair Chance Hiring InitiativeReimbursing local employers who hire individuals returning from incarceration.
Quality Jobs ProgramInvesting in businesses that create new jobs with living wages and health insurance benefits for Philadelphia residents.
Philadelphia Industrial Development Corporation (PIDC)
Commerce works with PIDC to manage public and private resources that encourage economic growth. PIDC offers financing incentives to Philadelphia for-profit and nonprofit businesses.
These opportunities include:
- Below-market loans.
- Tax-exempt financing.
Visit the PIDC website to learn more.
Partner Community Development Financial Institutions
The Department of Commerce provides funding to local Community Development Financial Institutions. These organizations provide lending opportunities to businesses.