PCDC To Close

We just got an email from the Philadelphia Commercial Development Corporation saying that the agency will close today. As we reported earlier this month, the city plans to stop providing federal funds to PCDC, quasi-governmental agency that provides financial aid to minority businesses.

The email from the PCDC marketing director Lennette DeLoatch is below:

To all PCDC Clients and Friends,

I regret to inform you that PCDC will be closing its doors today, Tuesday June 30, 2009.


I have so many people to thank for their support and dedication that it is impossible to personally get to see you all with the short time that was available.

I truly am humbled to have worked with such a group of "get in and get it happening people" and I am so proud of the achievements that we have accomplished both in the operation and (for quite a lot of us) for your own personal accomplishments.

To PCDC’s team, our efforts and contributions have been outstanding. I have learnt so much from you all.

I could go on listing people and groups but in the end the message would still be: I have truly enjoyed my time here and have been well supported with the work and outcomes we have ALL achieved.

I leave this place with great confidence in the people here, knowing that they are capable of overcoming any hurdles that will come up, singularly, and more importantly, together. For thirty-five years we have managed to assemble a very competent and practical group of employees that provided excellent support to our management team and the small business communities we serviced.