Impact Stories

Cape Charles Brewing Company

April 11, 2018 | Impact Stories

Cape Charles Brewing Co. is bringing locally made craft beer into the heart of the resort town of Cape Charles along this 70-mile stretch of land between the Chesapeake Bay and Atlantic Ocean. The Marshall family purchased a 2.5-acre property on Stone Road – the main thoroughfare into Cape Charles – and is in the midst of developing a 16,000-square-foot brewery and tasting room and, later, brewpub and event space. The production facility is expected …

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Weaver Manor

April 5, 2018 | Impact Stories

In the small southern Virginia city of Emporia, a low-income housing community – while well-managed and maintained – was in need of an upgrade to preserve the property and keep its operation cost effective. So the 22-year owner of Weaver Manor, Bob Margolis, decided to sell the community to a limited partnership composed of his two longtime business partners, Adam Stockmaster and Ari Severe, and together they would update the aging property. The team turned …

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Bliley’s Garage

March 28, 2018 | Impact Stories

Jackson Ward is one of Richmond’s most historic neighborhoods that has experienced an economic renaissance in its downtown corridor over the past decade. With the promise of major future developments to come, Jackson Ward has thrived with new restaurant, retail, and living spaces. Jackson Ward’s revitalization was at the heart of a new VCC loan to help a local real estate investor purchase a 15-unit apartment building, called Bliley’s Garage. The property, once a service …

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Clopton Siteworks – Unit B in Richmond, VA

March 27, 2018 | Impact Stories

As Richmond manufacturing has evolved, the need for large amounts of warehouse space for the tobacco trade has declined, providing pioneering developers with properties to create innovative new residential, commercial, and industrial spaces. The Clopton Siteworks development is transforming tobacco warehouses in south Richmond into flexible, modern office and warehouse spaces for a new generation of workers and emerging companies. The project’s ultimate goal is to bring 500 jobs to the Jefferson Davis Corridor. The …

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Heart Havens in Chesterfield County, VA

March 12, 2018 | Impact Stories

Heart Havens has seven group homes throughout Virginia that support adults with a developmental disability. The nonprofit empowers its residents to live happy and vibrant lives and empowers them continue to enjoy their passions while pursuing their goals. The idea for Heart Havens began with a simple question in 1993, when a parent of an adult with a developmental disability asked her United Methodist pastor: “Where will my child live when I’m gone?” Over the …

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How Virginia companies are harnessing solar power

March 5, 2018 | Impact Stories

Last year was a breakout year for the solar-power industry, as businesses large and small around Virginia began to realize not only the sustainability aspects of installing a solar power system but also the real potential for financial returns through energy savings – and taxes. Indeed, owners of a solar electricity system can utilize the 30% federal tax credit and use accelerated depreciation to maximize their returns. In recent years, Virginia Community Capital and our …

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Hamilton Perkins in Norfolk, VA

February 20, 2018 | Impact Stories

Hamilton Perkins is a leading entrepreneur in the Norfolk community and founded the Hamilton Perkins Collection, creating bags and shirts made from recycled plastic bottles and the vinyl from old billboard signage. Shirts are 50-50 cotton and plastic (billed as “The Internet’s most comfortable shirt”) and each designer duffel is constructed with 17.5 recycled plastic bottles and lined with 1 yard of repurposed vinyl; every bag interior is unique depending on the billboard used.

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Virginia Supportive Housing & Church Street Station Studios, LLC

February 12, 2018 | Impact Stories

Church Street Station Studios is an 80-unit development from Virginia Supportive Housing, a Richmond-based nonprofit that operates 650 housing units in 16 communities, including six apartment complexes in Hampton Roads. Church Street Station provides new affordable housing and support services for formerly homeless individuals, low-income tenants, and those with cognitive or physical impairments. Forty units have rental subsidies for homeless adults, and the remaining units have rental subsidies for those earning 50 percent or less …

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MTK Premier Auto Boutique In Richmond, VA

February 5, 2018 | Impact Stories

MTK Premier Auto Boutique prides itself on its luxury indoor showroom, unlike any other in the heart of Richmond. But perhaps its greatest assets are its consultants, who are passionate about automobile excellence and conduct one-on-one meetings to determine clients’ automobile needs. The auto boutique operates under a revolutionary business model: Instead of stocking inventory, consultants find their clients custom, premium pre-owned automobiles specifically to meet their needs, whether it’s a luxury, sport, economy or …

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Crimper’s Climbing LLC in Christiansburg, VA

January 22, 2018 | Impact Stories

As the only climbing gym in New River Valley, Crimper’s Climbing Gym has become a Southwest Virginia haven for novices and climbing masters alike to enjoy the challenge, fun and exercise of indoor rock climbing. The gym, operated by John Johnson since 2012, will continue to be an asset to its community thanks in part to financing from Virginia Community Capital. Crimper’s offers a world-class bouldering area, top-roping, leading climbing and a large training area. …

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