Business Resources

Financing and incentives from government and non-profit organizations are available to companies looking to move, expand or grow jobs in Philadelphia.

Financing

PIDC Programs

  • Business Loans
    PIDC has an array of financing products available for qualifying businesses and non-profits looking to expand in Philadelphia. To learn more, click here
  • Project Development Finance
    For developers and others seeking funding to start or finish a project in Philadelphia, PIDC provides a range of adaptable financing solutions. To learn more, click here.
  • Tax Advantaged Financing
    PIDC can structure a variety of tax-advantaged financing to fund development projects. To learn more, click here.
  • Grants Administration
    PIDC administers several Federal, State, and City grant programs. To learn more about the application and administration process of these grants, click here.
  • Startup PHL Funds
    For early stage, technology-focused companies, PIDC has partnered with First Round Capital to create the Startup PHL Seed + Angel Funds to increase the availability of investment capital for Philadelphia-based entrepreneurs. To learn more, click here.
     

State Programs

  • Pennsylvania Department of Community & Economic Development
    The Commonwealth of Pennsylvania offers a variety of financing, grants and incentives for businesses starting-up or relocating to Pennsylvania. To search through the various programs available, click here.
  • Benjamin Franklin Technology Partners of Southeastern Pennsylvania
    This organization provides access to capital, knowledge and networks that foster innovation, growth and success for both early-stage and established companies in Southeastern Pennsylvania. To learn more, click here.
     

Federal Programs

  • Small Business Administration (SBA) Loans
    The federal government offers a number of loans for small businesses through the SBA or private-sector lenders. To learn more, click here.
     

Alternative Programs and Microlending

Entrepreneur Works
FINANTA
Women’s Opportunities Resource Center (WORC)
The Reinvestment Fund
Kiva Zip [PDF]
The Merchants Fund

Incentives

  • Gateway Philly
    A rent reimbursement incentive offering up to $30,000 to any qualifying company setting up shop with 20 or more employees. To learn more, click here.
  • Jump Start Philly
    This City of Philadelphia initiative exempts qualifying new businesses from paying the Business Income and Receipts Tax (BIRT) during the first two years of operation. To learn more, click here.
  • Job Creation Tax Credits
    These incentives are available at both the State and City (PDF) level.
  • Keystone Innovation Zones (KIZs)
    This initiative from the Commonwealth of Pennsylvania offers salable tax credits to qualifying companies in targeted life science and technology sectors within special geographic districts. A large area of Center City is included within the University City KIZ. To learn more and see a map of the geographic boundaries, click here.
  • Workforce Development Grants
    Philadelphia Works invests federal funds to provide on-the-job classroom training for the prospective employees of qualifying companies. To learn more, click here.
     

Resources

City of Philadelphia Business Services website
City of Philadelphia Business Tax Basics (PDF)
Philadelphia Department of Commerce
PIDC
Select Greater Philadelphia
Startup PHL
Pennsylvania Small Business Development Centers
Business USA Funding Tool
Philadelphia Startup Leaders – Philly Tech Guide
Technical.ly Philly - Philadelphia Startup Community
Philadelphia Works
Wharton Small Business Development Center
Women’s Business Development Center
Goldman Sachs 10,000 Small Businesses
Greater Philadelphia Chamber of Commerce
African American Chamber of Commerce of PA, NJ and DE
Greater Philadelphia Hispanic Chamber of Commerce