Save The Date! Our Annual Luncheon Is Coming April 14

Patrick DugganPCV News

pacific community ventures small business impact investing quality jobs

We want you to invest in quality jobs. Imagine what life is like when you don’t know where your next paycheck is coming from — or if your current paycheck doesn’t pay the bills. We have both a moral and an economic imperative to fuel economic equality and mobility in this country. Join us and make an impact in the lives of working Americans. Pacific Community Ventures is hosting our 2016 annual event on Thursday, April 14, 2016 in downtown San Francisco. We’ll be asking the question: What are quality jobs and how do we create them? Plus, our new President and CEO — Mary Jo Cook — will lay out our vision for the future of Pacific Community Ventures. The event includes lunch, networking opportunities with economic development professionals, impact investors, and Bay Area small business owners, and a panel discussion on “How Do We Create Quality Jobs For Working … Read More

Pacific Community Ventures Working To Make Super Bowl 50 A Bay Area Business Success

Patrick DugganPCV News, Small Business Advising And Mentoring, Small Business Clients And Success Stories

super bowl 50

In the past year, there’s been a lot of reporting around the costs of hosting a major sporting event. The city of Boston rejected a potential bid to host the Olympics, and the city of Glendale has lost millions of dollars in hosting its games. The Super Bowl 50 host committee here in San Francisco is keenly aware of that history, and working to change it. Super Bowl 50 is more than the NFL’s marquee game of the year – it’s a chance for the region’s diverse business community to tap into opportunities for new contracts, work and business growth. To drive that, the Super Bowl 50 Host Committee has launched the Business Connect program to work with businesses located in the nine-county San Francisco Bay Area region that are certified as minority-owned, women-owned, or disabled veteran-owned. A Super Bowl can have an impact of $200 million to $500 million on … Read More

Create A Job This Holiday Season

Patrick DugganPCV News

pacific community ventures small business impact investing quality jobs

#GivingTuesday 2015 is happening on December 1st— and we want to get you involved! We have a day for giving thanks. We have Small Business Saturday for shopping local. Now, we have #GivingTuesday, a global day dedicated to giving back. On Tuesday, December 1, 2015, charities, individuals, families, businesses, community centers, and students around the world will come together for one common purpose: to celebrate generosity and to give. It’s a simple idea. Just find a way for your family, your community, your company or your organization to come together to give something more. Then tell everyone you can about how you are giving. Join us and be a part of a global celebration of a new tradition of generosity. The Great Recession destroyed almost 3 million jobs at small businesses, and devastated America’s working people and low-income communities. Pacific Community Ventures has fueled the recovery since the end of the … Read More

Small Business Saturday 2015 Is Fast Approaching

Patrick DugganPCV News, Small Business Advising And Mentoring, Small Business Loans, Small Business Resources

Now in its sixth year, Small Business Saturday serves as the ceremonial kickoff to the holiday shopping season for small businesses across the United States. Each year, shoppers spend tens of billions at small businesses on the Saturday after Thanksgiving. The day was also championed by elected officials in all 50 states and Washington D.C., including President Obama who took his daughters shopping at local stores last year. Focusing on small businesses and local jobs directly combats income inequality. Small businesses create jobs — 70% of the jobs created since the end of the recession came from small business. But simply creating jobs won’t stem the tide of income inequality. The kinds of jobs being created, and where those jobs drive their wealth, matters just as much. “Mom and pop” businesses and entrepreneurial ventures bring stability and renewed energy to deteriorating neighborhoods, and help revitalize poor inner city, suburban and rural areas. And, studies … Read More

PCV Has Signed The Small Business Borrowers’ Bill Of Rights

Patrick DugganPCV News, Small Business Loans

Like many of our CDFI colleagues, Pacific Community Ventures is alarmed at the rise of predatory small business lending. Small business owners are struggling through many of the problems we saw in the subprime mortgage and payday lending crises. But there’s a critical difference—predatory small business lending is still young enough that we can slow or even stop it, if we act quickly. That’s why Pacific Community Ventures has today signed the Small Business Borrowers’ Bill Of Rights. As America’s workers and small businesses start to regain some solid footing in the aftermath of the great recession, it’s important to remember that small businesses have helped create the lions’ share of the jobs during the recovery (7 million, according to the U.S. Small Business Administration). Despite 70% of new jobs being created by small business, bank lending and state investments in them are down. Although the decline in bank lending … Read More

PCV’s Loan Fund Is Meeting Its Mission

Patrick DugganPCV News, Small Business Clients And Success Stories, Small Business Loans

pacific community ventures small business quality jobs impact investing

We started our small business loan fund to meet the needs of small businesses that wanted to grow and create new jobs for working people. But for one reason or another, these small businesses were unable to secure capital from a traditional bank, credit union, or the Small Business Administration (SBA). PCV uses the venture capital model of pairing our capital with pro bono expert business advising, to help our small business owners grow sustainably — and once they’ve grown to prepare them to access more traditional sources of capital. We’re happy to announce that model is succeeding! Two of our loan fund borrowers, Gravel & Gold and Bamboo Asia, have successfully repaid their loans, and are now growing as fully bankable companies. Gravel and Gold is an independent retailer in the Mission District of San Francisco. Founded by three women in 2008, Gravel and Gold has cultivated a large … Read More

Department of Labor Issues New Guidance on Economically Targeted Investments by Pension Funds

Tom WoelfelImpact Investing, InSight, PCV News

pacific community ventures small business quality jobs impact investing

Joint statement from Enterprise Community Partners and Pacific Community Ventures, Co-Sponsors of the Accelerating Impact Investing Initiative (AI3)   Yesterday, the U.S. Department of Labor (DOL) issued new guidance on “economically targeted investments” (ETIs) for pension funds.  ETIs are a type of impact investment that seeks certain social goals alongside a market-rate financial return. The new guidance rescinds the DOL’s 2008 interpretive bulletin related to ETIs—which is widely considered to have had a chilling effect on ETIs—and reinstates the language of the 1994 interpretative bulletin of a fund manager’s fiduciary duty under the Employment and Retirement Securities Act of 1974 (ERISA). Specifically, the guidance clarifies that fiduciaries of ERISA-governed pension funds “may consider (social and environmental) goals as tie-breakers when choosing between investment alternatives that are otherwise equal with respect to return and risk over the appropriate time horizon.” The guidance also states that “environmental, social, and governance issues may … Read More

SOCAP15 Preview: Six Must-See Sessions

Lisa RuskinImpact Investing, InSight, PCV News

pacific community ventures small business quality jobs impact investing

Social entrepreneurs, fund managers, nonprofits, foundation staff, and more will converge in San Francisco next week for SOCAP — one of the leading impact investing conferences in the country. With four days of networking, panels, and other events, SOCAP is an excellent opportunity to learn about the intersection of money and social good and to connect with others doing exciting work in the field. With over 100 sessions and a wide variety of other events, it can also be a bit overwhelming at times. As SOCAP veterans, we’ve put together a quick preview to help you make the most of your time at the conference. Here are the sessions we’re most excited for: Healthy Food Financing: What Do We Know?: More and more healthy food financing initiatives are working to increase access to nutritious food in low-income communities. Along with staff from Capital Impact Partners and PolicyLink, PCV InSight’s Tom … Read More

Today in Small Business: U.S. Treasury Announces $160M in CDFI Fund Awards

Patrick DugganPCV NewsLeave a Comment

pacific community ventures small business quality jobs impact investing

Pacific Community Ventures would like to congratulate all of the CDFIs that have been selected as awardees for the U.S. Treasury’s CDFI Fund. As community partners, funding such as this is essential to increase your investments and impact across our nation’s low-income and economically distressed communities. Congratulations! In celebration of today’s award announcements we’d like to extend our free technical assistance (TA) platform, BusinessAdvising.org, as a compliment to your organization’s current TA. While every CDFI provides some level of technical assistance, we’re offering our comprehensive platform to your small business clients free-of-charge as a way to expand your overall support. An online program, BusinessAdvising.org will expand your clients’ reach to a national network of expert business advisors. Regardless of industry or geographic location, the BusinessAdvising.org platform can provide your clients with individual advising in lending, finance, marketing, operations, sales, IT, HR, leadership, and much more. All of the advice is customized … Read More

PCV Profiled In Bay Area For Sale

Patrick DugganPCV News

pacific community ventures small business quality jobs impact investing

Fun news! As part of their great series on local nonprofits doing good work in California, Bay Area For Sale has profiled PCV! Read the article here: Pacific Community Ventures: Empowering Small Businesses to Combat Economic Inequality BayAreaForSale.com is a full service brokerage firm serving all of Bay Area. In additional to real estate listings, they also provide a informative library of articles and guides written by their agents and local professionals. Their material caters specifically to the local community from reference guides on “Weatherproofing your house for the cold New England weather” to “Buying fixer uppers”. They also offer discussion boards and FAQs submission options for users to ask questions to fellow community members or experts.