Announcing The Impact Due Diligence Initiative

Patrick DugganImpact Investing, InSight, PCV News

Impact Due Diligence Initiative

PCV, in partnership with Bridges Fund Management and the Impact Management Project, are excited to announce the launch of the Impact Due Diligence Initiative. This project will identify best practices in impact due diligence, which we’ll build into a free, practical toolkit for investors across sectors – including foundations, faith-based organizations, CDFIs, equity fund managers, institutional investors, and others – seeking to assess the expected social impact of their investments but who may not know where to start. The impact investing industry has been focused primarily on assessing the social and environmental impacts of investments after capital has been deployed. Through PCV’s research and consulting engagements with numerous investors across geographies, asset classes, and impact themes over the past 10+ years, we’ve learned that the social and environmental performance reported by financed companies to investors has, in many cases, little to no influence on investment decisions. Why? First, it’s difficult for … Read More

We’ve Won A 2017 CDFI Fund Award

Patrick DugganPCV News, Small Business Loans

CDFI Fund award

Great news! We’re excited to announce that Pacific Community Ventures has been awarded a 2017 CDFI Fund award, to support our programs delivering capital to small businesses across California that create good jobs for working people and build community wealth from the bottom up. In 2016, the small businesses in our lending program grew revenues by 20% on average (vs. 8% for comparable businesses) and saw 73% job growth (vs. 2% for comparable businesses).   We’re a nonprofit lender that provides fair and affordable small business loans from $10,000 to $200,000 to California businesses. Our loans help small business owners like thrive and be successful. In addition to quarterly meetings with a pro bono financial advisor, PCV small business loan borrowers  also get free tailored business advice from our BusinessAdvising.org program’s pool of 500+ experts in any area they need, like marketing, business strategy, or sales.  If you’re a California company … Read More

We’ve Been Awarded An Aspen Institute Quality Jobs Fellowship!

Patrick DugganPCV News, Quality Jobs

Quality Jobs fellowship

We’re thrilled to announce that Pacific Community Ventures and our President and CEO — Mary Jo Cook — were chosen as one of 15 fellows by the Aspen Institute Economic Opportunities Program to more deeply engage in work that expands the availability of better quality jobs in our economy.  Americans place a high value on work, and believe hard work should offer a pathway to economic security. But decades of lagging wages, eroding benefits, and declining employment security means too many jobs do not match that vision of work as a pathway to a better life. To restore the ideal of work as the pathway to the American Dream, our economy needs more quality jobs. “Now is the time to focus on making better quality jobs,” said Maureen Conway, vice president for policy programs and executive director of the Economic Opportunities Program at the Aspen Institute. “That’s why we’re launching the Job Quality Fellowship. It … Read More

Small Business Resources Roundup

Patrick DugganSmall Business Advising And Mentoring, Small Business Resources

Black-owned small business

Each month, we bring you the latest roundup of resources for small business owners bootstrapping their businesses and creating quality jobs in their communities. Don’t forget to follow us on Twitter at @PCVtweets. Every Monday we post a new collection of new must-read small business resources, articles, and news. Are there any specific areas your business needs advice in? Let us know, and we’ll search for what you need to add to our monthly roundup.

An Economy For Everyone: August Good Jobs Recap

Patrick DugganQuality Jobs

quality jobs manufacturing

In order to build wealth and create opportunities in and across America’s underserved communities, and reverse the troubling trends we’re seeing in our economy, we no longer find it defensible to focus on job creation alone. It’s clear that job creation does not itself equate to lasting economic change. And so, we must shift our focus to the creation of higher quality jobs — jobs that are good for workers and their families, good for businesses, and good for communities — enabling us to build an economy that works for everyone. Each month, we bring you the latest roundup of news from the fight for quality jobs for working people. Since 2010, the Brookings Institution has been calculating and tracking something they call the “jobs gap,” which is the number of jobs the economy needs to return to pre-recession levels. With August’s better-than-expected jobs report, the jobs gap is now … Read More

What’s New In Impact Investing? August Roundup

Patrick DugganImpact Investing, InSight

impact investing 2017

Impact investing is about using markets and money for social good. Impact investing is built on the belief that private capital can play a powerful role in solving the massive global challenges of our day, and that capital markets should work for good as well as profit. This vision is realized through investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Every month, PCV will give you a roundup of what’s new in the field, what conversations are taking place, and how you can get involved. Here are some highlights from August: Earlier this month, Nuveen TIAA Investments released Responsible Investing: Delivering Competitive Performance. After assessing the leading socially-responsible investing (SRI) equity indexes over the long term, the firm “found no statistical difference in returns compared to broad market benchmarks, suggesting the absence of any systematic performance penalty. … Read More

Meet Our Latest Borrower: Tadu Ethiopian Kitchen

Patrick DugganSmall Business Clients And Success Stories, Small Business Loans

Tadu Ethiopian Kitchen is an Ethiopian restaurant located in downtown San Francisco. The owners, Selamawet (Nani) Tsegaye and Elias Shawel, are immigrants from Ethiopia and opened their first location in the Tenderloin District in 2014. Their dishes range from vegan chickpeas (kik alicha wot) to lamb and injera (firfir – lamb alicha banatu). Prices for dishes are between $9 and $15 and the restaurant is open for lunch and dinner seven days a week. A true embodiment of entrepreneurial spirit, the couple has spent the past two and a half years working feverishly to grow their 10-table restaurant, expanding into catering and bringing on four employees. In this time, they’ve seen their revenues grow dramatically, and have become something of an institution within their local community. After seeing steady profits from Tadu Ethiopian Kitchen, Nani and Elias made the decision to grow their business by opening a second location, House … Read More

What’s New In Impact Investing? July Roundup

Patrick DugganImpact Investing, InSight

impact investing esg

Impact investing is about using markets and money for social good. Impact investing is built on the belief that private capital can play a powerful role in solving the massive global challenges of our day, and that capital markets should work for good as well as profit. This vision is realized through investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Every month, PCV will give you a roundup of what’s new in the field, what conversations are taking place, and how you can get involved. Here are some highlights from July: The United Nations estimates that achieving its 17 Sustainable Development Goals by 2030 will require trillions of dollars. The global goals aren’t the only way to measure our challenges, but they do paint a clear picture: given the scale of the problems the world faces, it’s … Read More

So Many Resources To Find New Hires

bwhiteSmall Business Advising And Mentoring, Small Business Resources

Work for Warriors is a state and federally-funded, free, direct placement program within California. The intent of the initiative is aimed at reducing the unemployment rate among California Service Members in the Guard and Reserve by directly placing them into gainful fulltime employment. WFW is open to all currently serving National Guard and DoD Reserve personnel, Post 9/11 Veterans, as well as Spouses and Gold Star Families. If you’re outside of California, check out the U.S. Department of Labor’s site for hiring qualified Vets. They provide employers with assistance in finding qualified transitioning service members and veterans in your area, and also check out Swords to Ploughshares’ successful employment programs with a reputation of producing qualified veteran talent in all job sectors. Defy Ventures operate as a free search firm placing veterans in companies. They’ll take the job description, screen the candidates, and present them to you, the business owner. … Read More

An Economy For Everyone: July Good Jobs Recap

Patrick DugganQuality Jobs

small business bakery

In order to build wealth and create opportunities in and across America’s underserved communities, and reverse the troubling trends we’re seeing in our economy, we no longer find it defensible to focus on job creation alone. It’s clear that job creation does not itself equate to lasting economic change. And so, we must shift our focus to the creation of higher quality jobs — jobs that are good for workers and their families, good for businesses, and good for communities — enabling us to build an economy that works for everyone. Each month, we bring you the latest roundup of news from the fight for quality jobs for working people. June was the eighth anniversary of the end of the recession, when the jobless rate more than double what it is today. The economy has completely recovered over that time, at least in terms of the number of jobs on … Read More