3 Small Business and Real Estate Lending Trends We’re Seeing in Virginia

October 2, 2020 | Other

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 …

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Sharing the Quest for Clean Energy, Strong Economy

September 29, 2020 | Impact Stories

For nearly a quarter-century, Appalachian Voices has been working side-by-side with local communities to protect the land, air, water, and people of Central and Southern Appalachia.  The organization also advocates for an equitable clean energy economy that will better serve the region. The effort centers on a continued push away from fossil fuels and making sure that people in the region have access to healthier energy sources, like affordable solar power. These shifts lead to …

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Lynx Ventures Redevelopment Supports Expansion of Hatch and Food Access

September 15, 2020 | Impact Stories

Opportunity After purchasing the 25-acre Clopton Siteworks and its 26 former tobacco warehouses in South Richmond, Lynx Ventures has been redeveloping the community to create office, warehouse, and studio space for small businesses. Already, 11 of the buildings have been renovated and leased for many different uses, starting to reinvigorate a once-vibrant neighborhood. Among the early tenants in the reimagined Clopton Siteworks was Hatch Kitchen, co-founded by Lynx Ventures, Brad Cummings, and Austin Green.  Hatch …

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McShin Foundation Deepens Relationship with VCC as Recovery Support Partner

September 3, 2020 | Impact Stories

Addiction is a struggle for many people. The McShin Foundation, founded in 2004, provides the resources and tools to help individuals succeed in their initial battle and for sustained recovery over the next three years. From two offices in a church basement, McShin now offers a 15,000-square-foot recovery residence and more than 100 beds across the Greater Richmond area. Last year, the Foundation served 419 participants, including 172 individuals in its 28-day residential recovery program. …

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Increased Access to Farm Fresh Meals

August 17, 2020 | Impact Stories

Tom McDougall and the team at 4P Foods have been “one of the lucky ones” among the many food businesses that have struggled or been overwhelmed by supply shortages during the COVID-19 pandemic. “As grocery stores were emptied and online delivery was seeing spikes in demand, local farms have remained open for business,” says McDougall, whose organization delivers farm-fresh food to homes and businesses in the Washington, D.C. region, and is expanding through Virginia. “It …

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Loans support new affordable senior living in Gloucester

August 4, 2020 | Impact Stories

Opportunity A new 40-unit apartment facility will provide needed affordable housing for seniors in Gloucester, Va. Being developed by Bay Aging, a nonprofit organization based in nearby Urbanna, Daffodil Gardens Phase II will include five fully accessible apartments. Daffodil Gardens Phase II will be constructed adjacent to the original Daffodil Gardens, which brought 64 units to the area in 2001. The complex includes the Gloucester Adult Day Care Center and a Bay Transit facility, which …

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Not-your-average “mobile” homes in Danville

July 21, 2020 | Impact Stories

OPPORTUNITY Now for sale in Danville: Manufactured homes, but probably not the kind you have in mind. Built offsite and delivered to a lot, these manufactured homes don’t have wheels. Instead, they feature improved durability, energy efficiency, aesthetics, and meet stringent quality standards. In addition to permanent foundations, the houses have higher-pitched roofs, sheetrock interiors, covered front porches, and offer low operating, maintenance, and utility costs. The homes are, in both appearance and construction, similar …

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Norton IDA redevelops key commercial complex in city’s downtown

July 13, 2020 | Impact Stories

Opportunity A four-building complex in the heart of Norton’s main business corridor largely remained empty for many years. Because location is everything in real estate, the Norton Industrial Development Authority (IDA) purchased the property in 2005, recognizing its business development potential. In 2012, one building was partially renovated to house a weekly indoor farmers’ market, a critical first step in reimagining this location as a “center of gravity” for future business development and social activity. …

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Eagles Nest Regeneration Returns to VCC to Fund Housing Expansion

July 6, 2020 | Impact Stories

Opportunity A faith-based substance abuse rehabilitation ministry – and long-time VCC client – has had to turn away patients and visiting families due to lack of space. Based in Virginia’s picturesque New River Valley, Eagles News Regeneration is at capacity with 24 men enrolled in the residential treatment program. Eagles Nest Regeneration was founded in 2006 by William and Tonya Maddox. William “Robbie” Maddox is a former associate pastor who has worked on the front …

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New Kent EDA Financial Assistance COVID-19 Grant Program

July 1, 2020 | Other

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 …

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