If your company hasn’t explored skills-based volunteering, you could be missing a major employee-engagement and CSR opportunity. When you think about an employee volunteer program, what comes to mind immediately? A bunch of your staff wearing matching t-shirts and cleaning up a beach or local park? A few team members here or there volunteering once a year at a food bank or animal shelter? While all of those cause are noble – and the need for volunteer help is real – there is another major opportunity that can help your business while you’re doing good. What is skills-based volunteering? While nonprofits and charities in your community have a need for bodies to stuff boxes and envelopes or hand out supplies, they also have the same needs that your business does. Every day nonprofits struggle with marketing themselves to reach more people with their services. They have issues with their websites … Read More
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 June: This past month the global efforts to combat climate change suffered a blow in Washington. But follow the money — signals for climate action are in the capital markets, not the Rose Garden. BlackRock Investment Group —with $5 trillion in assets, is bullish on electric cars … Read More
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. There was a study this month on the effects of Seattle’s newly implemented $15 minimum wage, and it kicked off a wide-ranging discussion and a lot of criticism. The study said that raising the wage caused companies across the city … Read More
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.
You went into business because of a passion for a product or a service and built a business around that. At some point, you hired your first employee and soon discovered HR management is a necessary part of a successful business. Your success is now partially dependent upon your employees, their performance, and how they interact with your customers. Hire the Right People for the Job Hiring the right person takes time, and the right person on a small team is critical. You’ve invested in your business and it’s equally important you invest the time to do the following: Reevaluate your business – What does your business need to be truly successful? Resist the temptation to react to an immediate issue. Instead, think about the skills your business will need not only today but next quarter, and perhaps even next year. How will that affect your staffing needs, the skillsets, … Read More
The twelfth annual report examining CalPERS’ California Initiative, a $1 billion private equity, economically targeted investment (ETI). The California Initiative seeks to invest in companies located in traditionally underserved markets, primarily, but not exclusively, located in California. The California Initiative’s primary objective is to generate attractive financial returns, meeting or exceeding private equity benchmarks. As an ancillary benefit, the California Initiative was designed to focus investment in California’s underserved markets and invest in portfolio companies that: Have historically had limited access to institutional equity capital Employ workers who reside in economically disadvantaged areas Provide employment opportunities to women and minority entrepreneurs and managers
The seventh annual report documenting the California Public Employees Retirement System’s $27.3 billion of investments in California as of June 30, 2016. The report provides an examination of the broad ancillary benefits of all CalPERS investments in California across the asset classes of public equity, fixed income, private equity, real estate, and infrastructure. CalPERS is the nation’s largest public pension fund, with assets totaling $300 billion as of June 30, 2016. They have a strong track record of long-term returns, and of mobilizing financial capital in new and innovative ways. Ancillary benefits of CalPERS investments described in this report include the creation and support of jobs, infrastructure for communities and commerce, and business expansion and related economic activity.
U.S.-based public and private pension funds have been making Economically Targeted Investments (ETIs)—investments that generate societal benefits in addition to the investment return—since the 1960s. Over this time, pension funds have sought risk-adjusted returns for their plan’s participants and beneficiaries through investments in worker-friendly affordable housing, in-state businesses, infrastructure, and other projects. The practice of pension funds making ETIs has continued amidst challenges, such as the politicization of some ETIs in the 1980s and 1990s and economic downturns that significantly impacted the U.S. economy. More recently, new types of investments such as those that incorporate environmental social governance (ESG) factors and impact investments have emerged for consideration by pension funds, and the United Nations 17 Sustainable Development Goals are being utilized by some as a guide to investment. To be sure, amidst these developments pension funds must continue to invest prudently and carry out their fundamental obligation of paying their … Read More
Pacific Community Ventures is strengthening communities by empowering American small business, by championing higher-quality jobs, by fueling equity and opportunity, and by helping impact investors deploy more capital – more effectively – to economically underserved communities from coast to coast. In 2016, we made progress in all three areas. So how did we do? 2016 was another record-breaking year for our Small Business Advising program. We supported more small businesses than ever before (a 66% jump) and we’re now in all 50 states! PCV business advisors volunteered 2600 hours – that’s $520,000 worth of free advice and coaching! We expanded our small business “loan + advice” program to include microloans ($10,000–$50,000) and lent $2,000,000 to California small businesses who were turned down by the traditional financial system Our InSight team evaluated $30 billion in social impact investments across areas like climate solutions, affordable housing, gender equality, sustainable supply chains and … Read More
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 May: CDFIs were perhaps the first impact investors in America, and as an industry we’re continuing to pioneer new ways to align investors and capital with social good. This month, after the recent news that our friends at LISC had issued the first-ever CDFI bond, we’re seeing … Read More