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Virginia Community Capital awarded $800,000 grant to assist coal-impacted Southwest Virginia

February 13, 2017 | Other

The grant will help our organization support a loan fund with technical and economic assistance to small businesses. Virginia Community Capital Inc. (VCC) announced today an $800,000 grant from the Appalachian Regional Commission (ARC). In this 2017 round of funding, the ARC awarded three groups more than $3 million to promote manufacturing, higher education, and workforce development programs in Southwest Virginia. VCC, a community development financial institution (CDFI), will use its ARC grant to support the …

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VCC: America’s First Benefit Corporation Bank

April 3, 2016 | Other

“As the first regulated bank in the U.S. to become a Benefit Corporation, VCC has set a new model for the financial industry. We know that this is just the beginning as more and more banking institutions follow suit to become forces for good in their communities.” Rick Alexander, Head of Legal Policy, B Lab Virginia Community Capital has converted its wholly-owned, FDIC insured, for-profit bank into a Benefit Corporation, and it is the first …

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