CDC Impact Report
As Philadelphia and the nation struggle with the economic fallout of the COVID-19 crisis, PACDC released a new report showing that over the last 28 years, Philadelphia CDCs boosted the local economy by more than $5.4 billion and the Pennsylvania economy by $9 billion.
The 5.4 Billion Dollar Local Impact of Philadelphia CDCs
The $9 Billion Statewide Impact of Philadelphia CDCs
CDC investments reach nearly all of Philadelphia’s neighborhoods.
Through good times and bad, CDCs are consistent neighborhood investors.
This comprehensive examination of the CDC industry in Philadelphia reveals the extent of the economic and social benefits of these organizations, including the profound impact of CDCs’ direct activity as well as the spillover benefits from their programs and physical investments.
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