Pidc Community Capital

PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.

CDFI RAPID RESPONSE PROGRAM AWARD

FINANCIAL ASSISTANCE AWARD

FINANCIAL ASSISTANCE AWARD

FINANCIAL ASSISTANCE AWARD

PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.

RECIPIENT NAME PIDC COMMUNITY CAPITALPROJECT TITLE THE NAVY YARD SKILLS INITIATIVE (NYSI)S BIOMEDICAL TECHNICIAN TRAINING PROGRAM ASEPTIC MANUFACTURINGFUNDING REQUEST 525,000CONGRESSIONAL SPONSOR REP. MARY GAY SCANLONREQUESTED PERIOD OF PERFORMANCE 24 MONTHSPROJECT LOCATION PHILADELPHIAPROJECT PURPOSE AND GOALS FUNDING WILL SUPPORT A WORKFORCE DEVELOPMENT AND TRAINING PROGRAM OPERATED BY NAVY YARD SKILLS INITIATIVE (NYSI), A PARTNERSHIP OF PIDC (LEAD ORGANIZATION ON BEHALF OF APPLICANT, PIDC COMMUNITY CAPITAL) AND WEST PHILADELPHIA SKILLS INITIATIVE (WPSI). NYSI WILL EXTEND ITS BIOMEDICAL TECHNICIAN TRAINING PROGRAM ASEPTIC MANUFACTURING (BIOMED TECH TRAINING) FOR A SECOND COHORT OF 20 PARTICIPANTS. WITH EMPLOYER PARTNER, IOVANCE BIOTHERAPEUTICS, AND EDUCATIONAL PARTNER, THE WISTAR INSTITUTE, THE BIOMED TECH TRAINING OFFERS PROGRAM GRADUATES A DIRECT PATH TO FULL TIME, CAREER LADDER EMPLOYMENT AS ASSOCIATE ASEPTIC MANUFACTURING TECHNICIANS AT IOVANCE.ACTIVITIES TO BE PERFORMED 1. PROGRAM PREPARATION AND PLANNING, TO INCLUDE JOB ROLE ANALYSIS AND SKILLS ASSESSMENT, CUSTOMIZED SOLUTION DESIGN AND PROGRAM RECRUITMENT AND APPLICANT SCREENING2. 22 WEEK PAID TRAINING FOR PARTICIPANTS, INCLUDING WISTAR INSTITUTES LIFE SCIENCES FOUNDATIONS COURSE AND HANDS ON LABORATORY ORIENTATION, FOLLOWED BY A PAID EXTERNSHIP AT IOVANCE.3. POST PROGRAM COACHING AND ONGOING CAREER SUPPORTS2ACTIVITIES TO BE PERFORMED (CONTINUED) 2. 22 WEEK PAID TRAINING FOR PARTICIPANTS, INCLUDING WISTAR INSTITUTES LIFE SCIENCES FOUNDATIONS COURSE AND HANDS ON LABORATORY ORIENTATION, FOLLOWED BY A PAID EXTERNSHIP AT IOVANCE 3. POST PROGRAM COACHING AND ONGOING CAREER SUPPORTSEXPECTED OUTCOMES PIDC EXPECTS THE FOLLOWING OUTCOMES FOR THE SECOND COHORT OF THE NYSIS BIOMED TECH TRAINING RECRUIT A SECOND COHORT WITH 20 PARTICIPANTS 80 OF PARTICIPANTS WILL GRADUATE 96 OF GRADUATES WILL RETAIN POSITIONS AT IOVANCE 100 OF HIRED GRADUATES WILL RECEIVE MIN. WAGE OF 23 HR MORE 83 OF HIRED GRADUATES WILL REMAIN IN POSITION FOR 12 MONTHSINTENDED BENEFICIARIES PHILADELPHIA RESIDENTS, 18 YEARS WHO POSSESS A H.S. DIPLOMA OR GED. APPLICANTS WHO ARE UNDER OR UNEMPLOYED, AND OR FACING OTHER BARRIERS TO LABOR MARKET PARTICIPATION WILL BE PRIORITIZED.KEY PARTNER ACTIVITIES SUBRECIPIENT WEST PHILADELPHIA SKILLS INITIATIVE (WPSI)S ROLE WITHIN THIS COMMUNITY PROJECT IS TO COORDINATE ALL PLANNING AND EXECUTE ALL COMPONENTS OF THE WORKFORCE TRAINING PROGRAMS ASSOCIATED WITH NYSI. SPECIFICALLY, WPSI WILL WORK WITH NAVY YARD EMPLOYERS TO ASSESS NEEDS, DEVELOP SOLUTIONS, AND DELIVER RESPONSIVE PROGRAMMING. FOR EACH TRAINING COHORT, WPSI WILL DELIVER CUSTOMIZED CONTENT, ROBUST RECRUITING AND SCREENING, HIGH QUALITY TRAINING, AND JOB INTERVIEWS FOR PROGRAM GRADUATES. PIDC WILL SUPPORT WPSI IN THIS WORK, AS NEEDED.

TECHNICAL ASSISTANCE AWARD