The Department of Commerce provides access to financial support for area businesses. Business owners can get funding to start or improve their businesses.
Below are a list of programs, organizations, and services that help Philadelphia businesses get financial support.
Business financial support programs
Philadelphia COVID-19 Small Business Relief FundProviding some small businesses impacted by the COVID-19 pandemic with immediate relief through a mix of grants and loans.
Fair Chance Hiring InitiativeReimbursing local employers who hire individuals returning from incarceration.
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.
- Entrepreneur Works
- The Enterprise Center
- Women’s Opportunities Resource Center