Jumpstart West Philly
Jumpstart West Philly empowers West Philadelphia community members to be the developers of their own communities through entrepreneurial, community-oriented real estate development. Jumpstart West Philly is modeled after PhillyOfficeRetail's Jumpstart Germantown program, with an emphasis on training, networking, mentoring, and financing.
Jumpstart West Philly was launched via a collaborative partnership between The Enterprise Center, People’s Emergency Center, Habitat for Humanity Philadelphia, the City of Philadelphia Office of Community Empowerment and Opportunity, and other West Philadelphia supporting partners, with initial funding support from Philadelphia LISC. The launch of the program stemmed from initial conversations and collaboration through the West Philadelphia Promise Zone Housing Committee.
Jumpstart West Philly training sessions provide West Philadelphia community members and novice developers with a thorough introduction to the ins and outs of local real estate development. This includes lessons on real estate business models, property sourcing, design and construction, financing and cost estimation, and leasing and selling property. Training participants are also exposed to guest speakers and given the opportunity to connect with established local developers.
Jumpstart West Philly runs several training cohorts a year, with training participants expected to commit to attending to 3-4 multi-hour class sessions held once per week over several weeks. To be notified of the next open application period for training sessions, submit your information via the Contact page.
Another key component of the Jumpstart model is to provide opportunities for established and would-be developers to connect with and learn from one another. Jumpstart West Philly hopes to foster a network of local developers who share information and think critically about the impact they have on the communities they invest in. To stay in the loop about Jumpstart West Philly networking events and resources, submit your information via the Contact page.
Jumpstart West Philly is currently collaborating with community-oriented lending partners to make alternative financing options accessible to would-be developers who may otherwise struggle to amass the capital they need to purchase and rehab properties in West Philadelphia. Jumpstart West Philly will work with its lending partners to vet financing inquiries on a case-by-case basis, and will prioritize community-conscious project proposals from West Philadelphia community members. To inquire about financing possibilities, please contact Jumpstart West Philly at the email address below.