Philadelphia businesses that want to participate in the Community Development Corporation (CDC) Tax Credit lottery should submit an application between 8 a.m. and 4:30 p.m. on January 14, 2020. Hand deliver your applications here:

Municipal Services Building
Room 480 – TCAP Unit
1401 John F. Kennedy Blvd.
Philadelphia, PA 19102

The CDC Tax Credit program rewards local businesses that contribute to economic development efforts in distressed parts of the City. The participating businesses will receive a tax credit against their Business Income and Receipts Tax (BIRT) obligation. They receive the credit for a contribution to a qualifying CDC or Nonprofit Intermediary. A qualifying CDC or Nonprofit Intermediary is a nonprofit organization that engages in community and economic development activities, primarily within an identified geographic area in Philadelphia.

Application details:

  • Currently, the program has 4 available openings for a business seeking to partner with, and contribute $100,000 per year for 10 consecutive years to, a qualifying CDC.
  • One of the openings can be filled by a Nonprofit Intermediary.

How it works:

  • On January 14, interested businesses must submit a complete application (original, and 2 copies).
  • If Revenue receives more than four valid applications before 4:30 p.m. on January 14, the applicants enter into a lottery.
  • If necessary. the lottery will be held on January 16.
  • Chosen businesses are required to complete a Contribution Agreement with the Philadelphia Department of Revenue.
Download a CDC Tax Credit application.