We envision a dynamic city with a thriving economy that benefits everyone.
If we manage economic growth well, together we can create opportunities and help reduce inequality. — Mayor Jim Kenney
The City of Philadelphia works with its partners, local businesses, community members, and investors to drive inclusive, equitable growth in our neighborhoods.
Philadelphia is a city of neighborhoods—and the diversity of the city’s neighborhoods is one our greatest assets. They offer spaces and places where people come together and learn from each other.
New investments, when developed in partnership with residents, create deeper connections between residents and industry—inviting a cross-section of residents and workers to participate in making our communities more livable.
Philadelphia is committed to prioritizing its investments in struggling and middle neighborhoods. Our aim is to reverse the impacts of decades of disinvestment—bringing much needed revitalization, while preserving affordability.
Many areas in Philadelphia that could benefit from new investment are also designated as federal Opportunity Zones (OZ). Philadelphia has 82 of the 8,700 census tracts around the country designated as Opportunity Zones.
We encourage investors to align with our inclusive growth goals by:
- Creating new jobs with opportunities for advancement.
- Providing training for Philadelphians to advance into family-sustaining jobs.
- Developing mixed-income and affordable residential projects that incorporate sustainable design elements.
- Expanding access to new goods, services, and facilities lacking in some neighborhoods today.
This website provides tools to learn our neighborhoods’ needs and the ways that socially-conscience investors can collaborate with Philadelphia to build in Opportunity Zones. Our highlighted areas alone have by-right capacity to absorb 27.5 million in gross square footage for commercial, industrial, or residential uses.
Philadelphia’s Developer Services Team is ready to help:
- Guide you through local regulatory processes.
- Explain local incentives.
- Connect you with local planners and financing tools to advance your projects.
Our team can also discuss the potential for your proposed project to become a signature one—under the intent of the federal OZ incentive.
Contact the City of Philadelphia’s Department of Planning Development, Division of Development Services, at firstname.lastname@example.org or 215-683-4686.
Learn more about federal Opportunity Zones and investment requirements from the Pennsylvania Department of Community and Economic Development or IRS.
Note: Opportunity Zone maps are not accessible on mobile devices.