On August 8th 2009, the Nicetown CDC and Comcast Corporation announced a 10-year partnership which will bring private investment to Nicetown and the surrounding communities. The partnership is part of the City of Philadelphia’s CDC Tax Credit Program, which provides tax credits to corporations and companies that contribute to community development corporations (CDC’s) engaged in economic development. The Nicetown CDC is one of 30 Philadelphia based CDC's participating with the program. The program is responsible for leveraging millions in private investment for Philadelphia’s economically distressed communities, of which the return on investment has more than doubled.