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Want to know what’s on our CEO’s mind this month? Find out below! Partners and Friends,  October was an exciting and busy time for VCCSE. As I expressed in our last newsletter, VCCSE is positioned to lead the field of community development through the performance of our lending and advisory services (VCC Bank, our loan fund, and LOCUS), our participation in Community Development Financial Institution (CDFI) industry events, and by utilizing our voice on critical …

Want to know what’s on our CEO’s mind this month? Find out below! Partners and Friends,  As summer has wound down, we at VCCSE are at the start of a busy fall season. We kicked off the season with an All Staff Retreat in Richmond, VA on September 15th. It was such a joy to be with almost every member of our team in person! We started the afternoon with a session facilitated by our …

Want to know what’s on our CEO’s mind this month? Find out below! Partners and Friends, I am excited about the launch of our new VCCSE newsletter. Each month, our staff will have the opportunity to share our work with our customers, investors, and the communities we serve. The newsletter will offer a moment for us to share more about our lending and advisory work through VCC Bank, VCC loan fund, and LOCUS. We will …

An update from Fredericksburg Food Co-op’s Rich Larochelle  The Opportunity Virginia team began working with Rich in 2020 to assist with their capital raise and leveraging Opportunity Zone financing. Since then, The Fredericksburg Food Cooperative has celebrated several major milestones. Opportunity Virginia Market Manager, Cara Simpson (pictured left), sits down with Rich to learn more about the project’s progress, how other people can replicate the co-op’s success, and the impact OZ financing had closing out …

Did you know healthy food access is one of VCC’s focus areas? We provide financing and technical assistance to support healthy food retailers, suppliers, and producers in urban and rural Virginia communities. At VCC, we know being able to secure healthy, fresh food is one of the social determinants of health; without it, a family or community has a barrier to the quality of life they deserve. Lauren DeSimone, Community Innovation Advisor, leads VCC’s food …

The Capital Region SBDC will offer support and resources to small businesses in a time of economic rebuilding.

By Bill Greenleaf, Senior Vice President and Real Estate Lending Team Manager It’s not a stretch to say the COVID-19 pandemic is unlike anything we’ve ever witnessed in the lending world. Oddly enough, business continues as usual for many who are able to work from home. Deals are getting done as we all do our part to stop the spread and keep others safe. The economic and lending disruptions, however, are especially felt in the …

The New Kent County Economic Development Authority has established a grant program for businesses that are physically located in the County to provide aid to address financial issues resulting from the COVID-19 pandemic and state government ordered shutdown of non-essential businesses and modifications to all other businesses. Applications opened today, July 1, 2020, and grants will be awarded to qualified applicants by lottery at 9 a.m. on Friday, July 24, 2020 at the New Kent …

To our communities and partners, Today, and every day, we stand in support of our Black neighbors and communities who continue to suffer injustices and loss of life due to the color of their skin. With the backdrop of the disproportionate impact of COVID-19 on people of color, the pain, suffering, and anger resulting from the murders of Ahmaud Arbery, Breonna Taylor, George Floyd, and many others have touched every neighborhood in our country. In addition …

Habitat for Humanity Prince William County will use its PPP funding to rehire employees who were laid off when Gov. Northam’s Executive Order No. 55 — Stay-At-Home — went into effect in late March. Traci DeGroat, the organization’s President and CEO, said prior to the order, operations remained open. Habitat Prince William had implemented safety protocols and limited customers to less than ten at any given time in its home-improvement and donation-center locations, ReStore. “Once the order took effect, however, the drop in revenue was so precipitous …