Partner | Fairmount CDC

Tax Credit Partner Opportunity

Partnership Opportunity

Become a tax credit partner with Fairmount CDC and directly support Philadelphia neighborhoods. Businesses can receive up to $100,000 in annual tax credits for investing in economic development projects that drive local growth.

Fairmount CDC is seeking two businesses to join our tax credit application – ideal partners are Philadelphia-based businesses that pay more than $50,000 annually in local Business Income & Receipts Tax. Contact us by May 31.

Mission & Evolution

The organization was founded in 1999 to strengthen the local economy of the Art Museum District neighborhoods. After focusing on Fairmount Avenue through its first decade, FCDC relocated to Girard Avenue to bring more resources to the 100+ businesses on Brewerytown’s primary commercial corridor. While we have a 25-year record as advocates and leaders, there is more work to do to meet our mission.

We are now rebranding to reflect our role “from Fairmount Park to Broad Street,” and ambition to see the business community and commercial corridors of Girard and Fairmount thrive as Philadelphia’s most diverse, accessible and inclusive business district. Tax credit business partners are essential for achieving this impact.

The Impact of Becoming a Tax Credit Partner

$200K Invested in Businesses

Support for businesses affected by the pandemic, closure of Girard Avenue and Storefront Improvement Program grants

Diverse Business Community

Full-time corridor management, connecting businesses with support

PhillyiHub

Twice-annual cohorts, training the next generation of entrepreneurs in our target neighborhoods

Business Alliance

Greater Art Museum Business Alliance providing networking and
promotion to businesses across Brewerytown, Fairmount, Spring Garden,
Francisville and Sharswood

Safer & Cleaner Communities

New lighting and amenities on Girard and Fairmount Avenues, and Lemon Hill , increasing neighborhood safety. Street cleaning crew removing 1,000 bags of litter annually, tree planting and clean-up days, through collaborations with police and residents several times each year

Second Saturday Stroll

Monthly events highlighting Brewerytown Businesses for neighbors and newcomers

Girard Ave Street Fest

District-wide festival bringing thousands to Brewerytown businesses

Taste of Fairmount

Highlighting the Greater Art Museum District's best restaurants, chefs and culinary experiences.

Fairmount Arts Crawl

Annual event creating opportunities for hundreds of artists and entrepreneurs

What is the cost? How does my business benefit?

Participation for many is cost-free. Businesses receive a tax credit equal to the amount they contribute - a dollar for dollar reduction in their tax liability. As long as you have BIRT liability equal to the investment, your tax credit will offset your contributions, while raising your community impact and reputation.

The tax credit creates a win-win opportunity - business partners see their taxes directly empower communities, while providing essential operating support for our mission-driven work. Partners publicize their participation alongside their community service efforts, and FCDC meets regularly with our business partners to share the impact and brainstorm additional ways to collaborate.

Business Eligibility

Businesses must have $50,000-$100,000 in Business Income and Receipts Tax (BIRT) liability annually and provide a point of contact to review and submit annual reports prepared by FCDC.

Act Now

Contact our Executive Director, Patrick Sherlock, to learn more psherlock@fairmountcdc.org - 215-232-4766

This is an exclusive opportunity – expressions of interest are due by May 31, 2024 for the 2025 partnership window. Space is limited with only one or two partnership opportunities available for a 10-year tax credit commitment starting in 2025.