While our economy is thriving on paper, most of us know that isn’t the whole story. Since the end of the Great Recession, almost 12 million jobs have been created. But, average wages working Americans have dropped 23 percent. The strongest job growth these past few years has all been in low-wage work, at places like strip malls and fast-food restaurants. We hit a tipping point as 2016 began: middle-income households have become the minority in America for the first time since World War II. And communities of color fare even worse. Frankly, as a nation, we’re better than this. It’s frustrating – but we’re not powerless here. We can do something about it. Since the end of the recession, PCV has helped almost 1,500 small businesses across 45 states to create and sustain tens of thousands of jobs. Check out our full 2015 social impact report: PCV is fighting … Read More
Pacific Community Ventures has fueled the economic recovery for low-income communities over the past five years. We’ve empowered small businesses on the ground to create quality jobs by providing working capital combined with expert business advice. At the same time, we know that fostering one small business at a time isn’t enough to combat economic inequality. That’s why we’ve also worked at a national and international level with policymakers and investors to build impact investing markets and drive more private capital toward social good and underserved communities. Pacific Community Ventures creates economic opportunity in underserved communities through essential support networks for small business: Our research and policy work directs private capital to underserved communities and small businesses; From there, our advising services enable those businesses to succeed Our companies’ success makes them ready for additional investment, including capital from our loan program; that business’ growth creates jobs and stimulates the local … Read More
In 2012, PCV supported entrepreneurs who were building businesses and creating jobs in neighborhoods that needed it most. Even as PCV has actively rebuilt local economies in California, we have also gained recognition nationally and internationally as a thought leader responsible for advancing policies that drive investment to disadvantaged communities around the world. Learn about the impact that PCV had in 2012, and read a letter from our leadership celebrating our past 15 years while laying a groundwork for our future.
With your support, in 2011 PCV stepped up our efforts to get people working again. And not just working, but prospering. To prosper means to flourish; to grow strong and healthy. Prosperity shouldn’t be for just a select few. With good jobs – those offering benefits and living wages – doors to prosperity can open for everyone. That’s what we mean by “reinventing prosperity,” and it’s what we work to do every day. Driving capital and resources to lower-income communities remains the cornerstone of PCV’s model for impact. In 2011, that strategy took new shape.
Pacific Community Ventures’ Business Advising Program engaged over 100 small businesses and deployed over 120 senior volunteer Business Advisors. InSight evaluated the social impact of nearly $1.3 billion in equity investments in small businesses. With funding from the Rockefeller Foundation and the Annie E. Casey Foundation, InSight is also researching and publicizing practices and policies that help investors put more resources to work – more effectively – in lower income communities. Additionally, Pacific Community Management invested $4.9 million in businesses in California’s underserved market.
We are pleased to report that 2008 was successful for Pacific Community Ventures. Despite an economic environment plagued with losses, fear and contraction, we delivered on our goal of helping small businesses achieve new levels of opportunity in underserved communities, just when those communities needed help most. Revenue and employment at our portfolio companies increased 12 percent, while decreasing statewide. This remarkable achievement was made possible by our dedicated staff, volunteers, partners, donors, investors and small businesses.
At Pacific Community Ventures, we measure our success by others’ success. In 2007– through PCV’s powerful network of volunteers, small business owners, employees, investors and donors – talented workers and entrepreneurs in lower-income areas of California have made their lives better and their communities more vibrant.
We are proud of our 2006 accomplishments, many of which are detailed in this report. We will deliver greater results in 2007 and beyond. We will leverage the powerful network of business advisors, entrepreneurs, investors, donors and workers that is the heart of PCV to reach hundreds of small businesses in lower-income areas across California. PCV will help these companies to grow profitably, add quality jobs, build wealth for employees and enhance their surrounding communities. Ultimately, PCV will expand its network to bring economic opportunity and social change to lower-income communities across the United States.
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