West Philadelphia Financial Services Institution (WPFSI), a 501(c) 3 non-profit organization, was founded to provide economic development leadership and resources to the West Philadelphia Empowerment Zone (EZ). Often referred to as the “Economic Engine” for the community, WPFSI has had a significant impact on the development of the neighborhoods comprising the EZ.
WPFSI’s financial services (business loan program, loan brokering, home improvement loans) provide capital to the business community to enhance business attraction, retention, and expansion while facilitating resident’s ability to maintain their properties.
In addition, the organization provides community services (i.e. financial literacy, youth development, support to community-based organizations, etc.) that have enriches the lives of adults, children, and families.
WPFSI is committed to producing tangible results for the residents and businesses in its market area and has fulfilled this commitment through a variety of initiatives.
Its signature project, Parkwest Town Center, a 341,000 square foot shopping center, anchored by Lowe’s Home Improvement and Shop Rite Supermarket is an example of this commitment. Co-developed and co-owned by WPFSI, the Center created over 650 jobs, provided construction contracts for local businesses, totally redefined the physical appearance of the neighborhood and allows residents to shop for goods and services in their own community.