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Georgia

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Community Testimonials​

PIDC invests in high-impact community revitalization projects that create good jobs, provide essential goods and services, and stimulate additional investment in our neighborhoods. The NMTC Program – a US Treasury program – incentivizes community development and economic growth through the use of federal tax credits that attract private investment in distressed communities. PIDC Community Capital has been a successful allocatee of these tax credits. PIDC has deployed more than $148 million in NMTX allocations, with 100% going to severely distressed areas across Philadelphia. NMTC Investments we’ve supported include behavioral health centers, youth development centers, and healthcare and affordable housing projects.

-Kevin Lessard, PIDC (Philadelphia Industrial Development Corp.), Philadelphia, PA

With NMTC assistance, we doubled the size of our store. Our sales have almost doubled in 18 months. We have been able to increase employee compensation, hire more employees, increase our charitable giving and better serve our community.

-Tom Shellenberg, Butte’s Ace Hardware, Livingston, Montana

Georgia Project Profiles

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2008

Cleveland, OH | 11th District

Arbor Park Place

Key Bank
The $6.2 million revitalization of the Longwood Plaza shopping center in Cleveland, Ohio, of which $1.57 million was made…
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