Germantown United CDC works with stakeholders to ensure that development in Germantown is more accessible for all people with great project ideas and an interest in creating economic and social impact. Think about adding some of these sources to your capital stack.
Location-based incentives can be found at www.philadelphiadelivers.com/opportunity-zones
Federal Opportunity Zones
GUCDC’s service area contains Federal Opportunity Zone Census Tracts 244, 241, and 246.
Learn more about federal Opportunity Zones and investment requirements from the Pennsylvania Department of Community and Economic Development or IRS. You can also contact the City of Philadelphia’s Department of Planning Development, Division of Development Services at opportunityzones@phila.gov or (215) 683-4686.
Community Reinvestment Act
East Chelten Avenue and stretches of Germantown Avenue in 19144/19138 are moderate and low-income Community Reinvestment Act-eligible tracts.
Learn more about the Community Reinvestment Act.
Storefront Improvement Program
In Partnership with the Department of Commerce, GUCDC can help get you 50% of your money spent on renovations back, up to $15,000!
In order to qualify, you must be a licensed business owner up to date with all taxes, licenses, and water fees. Property owners are eligible too. If you are a property owner, you must lease your commercial space to receive your reimbursement.
Eligible uses:
- Brick work
- Cornices
- Exterior painting
- Windows/glazing
- Exterior doors
- Exterior lighting
- See-through security grills
- Signage and awnings
Approximate time-length: 3-week turnaround from application submission to approval for construction.
