2004 was a growth year for Pacific Community Ventures marked by expansion of our services and investments throughout California. Over the past six years, Pacific Community Ventures had seen powerful results from its unique model for community development that utilizes the tools of business for social change. Our two private equity funds provide a rare source of capital for small to medium-sized companies whose growth has the potential to create significant economic gains for low-income communities across California. In 2004, we committed over $2 million to two new portfolio businesses, and our financed portfolio reflected nearly $10 million of investment in eight active companies. Through our nonprofit services, Pacific Community Ventures matched nearly 60 small businesses with over 75 volunteer business advisors since 1999, with 1,173 jobs created and maintained to date. We also signed a 3-year agreement with the CA State Treasurer’s Office to expand our Advising program to new markets!
/ / Power and Potential