Pacific Community Ventures is committed to helping small business entrepreneurs and employees align business success with job quality. That’s why each year, PCV offers Good Jobs Rebates to our lending clients. Since the rebate program began in 2020, approximately 75% of clients have adopted good jobs attributes. In total, 342 small businesses have earned rebates worth $695,860, based on improvements ranging from wages and benefits to profit sharing and career growth.

Investments in good jobs typically pay for themselves, but PCV offers rebates in recognition of efforts to get started. For example, PCV clients implemented a median wage of around $24/hour, approximately 45% higher than the California minimum wage of $16.50. Results included larger numbers of qualified candidates, deeper long-term commitments to the business, and higher overall productivity. In many ways, investments in job quality can lead to stronger, more sustainable businesses.

All PCV lending clients are eligible to earn a Good Jobs Rebate. Clients automatically apply for a rebate when completing the annual impact survey, which is part of the lending agreement. Afterwards, they receive an email notifying them of the amount earned as well as instructions on how to receive payment.

What defines a Good Job? The table below outlines the current attributes PCV uses to define job quality across five dimensions. Each attribute a small business adopts earns a reward. Lending clients with loans of $10,000–50,000 receive $300 for each attribute, and clients with loans of $50,000–200,000 or more receive $750 for each attribute. For example, a client with a loan of $25,000 that adopts five attributes can earn a rebate of $1,500, and a client with a loan of $100,000 that adopts five attributes can earn $3,750. Rebate payments are taxable income, require a W9 form, and are disbursed as direct payments.