PCV News
CDFIs Exist To Align Capital With Justice
Childcare – and the struggles of daycare owners to stay open, daycare workers to get the pay and benefits they deserve, and working parents to afford the cost of childcare with no help from the Federal government – has come to define the last two years. La Plazita preschool in Oakland is a true Spanish […]
Mar 11, 2022 – PCV News •
The Alliance and Pacific Community Ventures Join Forces to Advance Racial Justice in the CDFI Industry
The African American Alliance of CDFI CEOs (“The Alliance”), and Pacific Community Ventures (“PCV”) announced today they entered a partnership to recenter Civil Rights within the CDFI industry and elevate industry practice, through policy changes, to ensure CDFIs work toward racial equity and economic justice with greater intentionality, transparency, and accountability to their communities, meeting […]
Mar 04, 2022 – PCV News •
Starbucks Invests In Pacific Community Ventures as Part of The Community Resilience Fund
Today Starbucks invested $3 Million in Pacific Community Ventures as one of the first seven Community Development Financial Institutions (CDFIs) to receive funding as part of the company’s Community Resilience Fund. With this first round, Starbucks is investing $21 million across these organizations to support equity and economic growth in the communities it serves. Pacific […]
Jan 11, 2022 – PCV News •
PCV’s 2021 Holiday Gift Guide
It is with profound gratitude and humility that we present PCV’s largest ever Small Business Gift Guide. With over 200 contributors from our vast network of business clients, you’ll be able to search for exactly what you need and purchase it from the communities you want to support. We encourage each and every one of you to support our […]
Nov 24, 2021 – PCV News •
Pacific Community Ventures Awards “Good Jobs Grants” To 37 Small Businesses
Pacific Community Ventures has issued $112,500 in “Good Jobs Grants” to 37 California small business owners who worked with the organization to retain their employees and improve job quality even during the last two difficult years. PCV doubled the size of their good jobs rebates this year in order to acknowledge the progress their borrowers […]
Oct 29, 2021 – Good Jobs • PCV News • Small Business Advising And Mentoring • Small Business Clients And Success Stories • Small Business Loans •
Spurring Inclusive Economic Recovery Through Donor-Advised Funds
COVID-19 has drawn attention to systemic racial and economic injustice in the United States of America, yet over this unprecedented year, the racial wealth gap has widened even further. Too many BIPOC-owned small businesses have permanently shut down after being denied or simply not qualifying for sustaining capital and Federal stimulus. Now is the time […]
Oct 25, 2021 – Blog and News • Impact Investing • PCV News •
$56.5 Million in New Funding Available to Help California’s Smallest Businesses Build Back from COVID-19 Pandemic
California’s smallest businesses now have access to an additional $56.5 million through the California Rebuilding Fund, which offers flexible, low-cost loans to support long-term recovery from the COVID-19 pandemic. First announced by Gov. Gavin Newsom in November 2020, the California Rebuilding Fund is a public-private partnership that blends capital from private, philanthropic and public sector […]
Sep 20, 2021 – PCV News • Small Business Loans •
Policy Brief: An Impact Investing Policy Agenda for Growing Employee Ownership to Support COVID-19 Recovery
By: Brenna McCallick, Sanjana Seth, Jacqulyn Washington, and Tom Woelfel PCV is excited to announce the release of a new Policy Brief: An Impact Investing Policy Agenda for Growing Employee Ownership to Support COVID-19 Recovery. With support from the Tipping Point Fund on Impact Investing (TPF), PCV conducted in-depth research and interviews with experts from […]
Sep 17, 2021 – Blog and News • Good Jobs • Impact Investing • PCV News •
PCV Awarded $500,000 From Citi Foundation
We’re excited to announce that we’ve been awarded $500,000 in unrestricted funding by the Citi Foundation to scale our work serving small businesses owned by people of color across California. The small businesses that line our streets, employ our neighbors, provide the goods and services we rely on everyday, and generally serve as the foundation […]
Jul 21, 2021 – PCV News •
0% Loans Now Available in San Francisco
San Francisco’s small business climate is symbolic of what many cities are facing — as COVID forced many office buildings and business and financial districts to shut down as workers went remote, small businesses reliant on office workers and tourism were hit especially hard. We’ve seen this play out through the eyes of hundreds of […]
Jul 08, 2021 – PCV News • Small Business Loans •
PCV Receives $1.8 Million From CDFI Fund To Support CA Small Businesses
The U.S. Department of the Treasury today awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs). The awards were announced today by Vice President Kamala Harris at the White House with Treasury Secretary Janet L. Yellen. The grants will be made through Treasury’s CDFI Rapid Response Program (CDFI RRP) and […]
Jun 15, 2021 – PCV News • Small Business Loans •
The State of Small Business: PCV’s 2020 Impact Report
Times of crisis force us to dig deep in so many ways, and test us in new ways. The COVID-19 pandemic has been a magnifying glass over structural inequity that is generations’ old, and the fallout threatens yet another generation of businesses owned by entrepreneurs of color. The same entrepreneurs that have always had the […]