Economic Development

Two key goals of equitable economic development are: (1) to help neighborhood-based small businesses, especially those that are BIPOC- and/or immigrant-owned, thrive and expand, and (2) to create the conditions for and access to successful employment in high-quality jobs for youth and Philadelphians who face a variety of barriers (such as recent immigrants, returning citizens, workers experiencing homelessness, veterans, and/or workers who are disabled). To do this effectively, Philadelphia must help small businesses that suffered during the pandemic recover along with the multicultural commercial corridors that neighborhoods depend upon to anchor their community, provide residents with both housing and job training supports simultaneously, provide Black and Latino business owners with needed technical assistance and access to capital, and expand programs to bring youth into jobs with a career path. In return, the city will have more stable businesses, workers, and business corridors that will help it prosper.