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- LoopNet Team
4601 Market St
Philadelphia, PA 19139
Provident Mutual Building · Property For Lease
PROPERTY OVERVIEW
In 1994, President Clinton designated Philadelphia as one of six Empowerment Zones (EmZone) throughout the nation. The federally mandated Empowerment Zone program is designed to revitalize distressed neighborhoods within urban areas. For the City of Philadelphia, in particular, it is a unique opportunity for tangible progress in some of the city's most impoverished neighborhoods. The three neighborhoods, West Philadelphia, North Central Philadelphia, and American Street are the selected areas that receive the many Federal, state and local incentives the program offers. With those in mind, the Philadelphia Empowerment Zone has very specific economic development goals including attracting business development and investments, creating employment opportunities, job training for residents, and embracing the entire community in the redevelopment process.
PROPERTY FACTS
