The Office of Neighborhood Economic Development creates business support programs. This unit also funds local organizations to support economic growth in neighborhood commercial areas.
Small business assistance
The small business assistance team creates programs that address the challenges and needs of low-to-moderate-income entrepreneurs in Philadelphia neighborhoods.
The programs include:
- Business coach referrals.
- Technical assistance.
- In-store forgivable loans.
- Commercial real estate acquisition loans.
- The Philadelphia Business Lending Network.
The programs aim to improve access to capital, trusted guidance, and generational wealth.
Community development and resources
The community development programs and resources team works with organizations in neighborhoods around the City that help grow the economy. This includes grants for business assistance, real estate development, and public space projects.
The team also works with agencies such as the Philadelphia Association of Community Development Corporations (PACDC) and Local Initiatives Support Corporation (LISC) to provide training to neighborhood partners.
Programs to invest in local organizations include:
