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.
WesGold Fellows is a vigorous paid internship program. Over the course of eight weeks each summer, 15 high school students are guided through curriculum-based instruction, experiential learning opportunities, uniquely engaging field trips, and professional development training.
More Than Just A Lender
WPFSI has provided more than 5.5 million dollars in direct financing since its inception.
$90 Million in Leverage Capital
SBA MicroLender since 2017
Over $250,000 in salaries over 11 years
More than 300 jobs created by small business loans
Managed $55 Million Project
Parkwest Town Center
Created over 700 jobs in the community.
Meet Our Team
James BurnettExecutive Director
Jim Burnett has been with WPFSI since May of 2000 where he originally started as the Loan Program Officer. His determination and passion for community building soon led him to the position of Executive Director the following year, where he has served ever since.
Calvin R. TuckerLoan Officer
Calvin Tucker is a results-oriented financial management and economic development consultant with 20+ years of experience in commercial & mortgage banking, business development, credit analysis, asset disposition, contracting and much more. His knowledge and skills provide a unique value to WPFSI’s lending staff.
Cora Springer-BoydExecutive Assistant
Cora is the Executive Assistant for WPFSI. Her background is in both banking and insurance with a Bachelor’s Degree from St. Joseph’s University. Her dedication and belief in this community organization is evident as she has been here since its inception in 1997.
Jabari JonesBus. Dev. Specialist
Drexel graduate Jabari Jones started with WPFSI in 2013 when he completed a comprehensive survey of 500+ businesses in West Philadelphia. Jabari provides technical assistance/consulting to small businesses. Jabari is also the President of the West Philadelphia Corridor Collaborative.