In the News

Equipment loan part of the package for economic growth in Russell County

August 23, 2019 | Impact Stories, In the News

Borrower : Industrial Development Authority of Russell County Where : Lebanon, VA Loan Amount : $2.7 million Project Type : Equipment loan   Opportunity Economic growth requires a long-term vision and strategy. The Industrial Development Authority (IDA) of Russell County recognized that Southwest Virginia could attract global manufacturers because of its access to Interstate 81 and a readily available workforce. To proactively foster a supportive business climate, the IDA constructed a 76,000-square-foot shell building in Lebanon, …

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Restoring natural areas in Henry County for recreation and conservation

August 6, 2019 | In the News

By Francesca Costantino, Community Impact Advisor at VCC After an affordable housing conference, I spent the morning on the Smith River of Martinsville – Henry County near the North Carolina border in southern VA with Brian Williams, placemaker and river protector. The Smith is known for its native brown trout fishery, supported by the cold water released for power generation at Philpott Dam. Though I thought I was just getting a river guide, Brian happened …

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VCC Bank targets Southeast expansion through ongoing USD 10m capital raise, CEO says

May 17, 2019 | In the News

Featured in Mergermarket by Xinyi Jiang in Charlottesville, Virginia VCC Bank, a for-profit commercial bank owned by nonprofit Virginia Community Capital (VCC), plans to expand into more Southeast states and within Virginia, bolstered by an ongoing USD 10m capital raise, said CEO Jane Henderson. The bank, which opened in 2008, focuses on making loans in Virginia to support affordable housing projects, small businesses, healthcare, clean energy initiatives, and other projects that improve access to healthy …

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HomeTrust Bank announces $2.5 million investment with Virginia Community Capital

April 3, 2019 | In the News

  HomeTrust Bank announced a $2.5 million investment with Virginia Community Capital (VCC), a community development financial institution serving communities throughout the Commonwealth and the U.S. HomeTrust Bank’s commitment includes directing its funds into three LIONs (Local Impact Opportunity Notes) with VCC to benefit the areas of Roanoke, Martinsville, and Danville. The investment from HomeTrust—a community-focused financial institution with 10 branches in Southwest Virginia —will support VCC’s mission of fostering vibrant communities in Virginia. There …

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YWCA Richmond announces 2019 class of Outstanding Women Awards

January 25, 2019 | In the News

VCC President and CEO Jane Henderson is awarded a YWCA of Richmond Outstanding Women Award in the division of business. The Outstanding Women Awards embodies YWCA’s commitment to engage, develop and honor women leaders whose work helps make our community stronger,” said Linda S. Tissiere, YWCA Richmond’s chief executive officer. “Each of these women are being recognized for their significant achievement in leadership and their important impact on our region’s health and vitality.” Read the …

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Carilion buys former bank building in downtown Roanoke

January 21, 2019 | In the News

Carilion buys the former Wells Fargo building in Roanoke from VCC, providing us capital to put back into the Roanoke community. Now that it is safe and in the right long-term hands, it will be wonderful to see what unfolds in the coming years.” Read more about the building and Carilion’s plan for its future  here.

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