Richmond Realtors Association’s Quality of Life Strategy

March 6, 2017 | Impact Stories

Richmond Association of REALTORS® (RAR) launched their “Quality of Life” investment strategy in May of 2016. This strategy is funded through a loan to Virginia Community Capital (VCC) and donations to The Community Foundation Serving Richmond and Central Virginia (TCF). In this model, RAR is bringing together impact investing and philanthropy to tackle affordable housing and education issues in the Richmond region. How does it work? RAR has invested $1 million into a three-year LION …

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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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Sustaining jobs in a hard-hit Virginia town

February 28, 2015 | Impact Stories

Essel Propack America opened its Danville factory to supply laminated tubes to companies such as Sundial Brands, Proctor & Gamble and Unilever. These tubes and caps are used in packaging products for oral care, cosmetics, and food service. Today, if you brush with Crest toothpaste you may have handled a Danville-made tube. The Essel Group, Essel Propack’s parent, is the largest specialty packaging company worldwide with 35 percent of the global market and manufacturing locations …

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