TimesNews
This year Virginia Community Capital was named 2018 Best for Overall, 2018 Best for Community and 2018 Best for Customers by scoring in the top 10 percent of all B Corps of the B Impact Assessment. See our score and learn more about the other honorees — we’re in great company. bthechange.com
LOCUS Impact Investing One Year Old; Decades of Experience
In 2017, VCC and the nationally recognized Center for Rural Entrepreneurship (CRE) announced the launch of LOCUS Impact Investing (LOCUS), a new social enterprise to empower place-focused foundations to invest their capital locally to build prosperous, vibrant communities.
Pinecrest School, now in its 61st year, is a non-profit, independent preschool-through-sixth grade located just outside of Washington, D.C. Pinecrest has two buildings on campus, the most recent built in 2004. The second structure, however, is deteriorating and in need of a safer, more energy efficient replacement to accommodate a larger student population.
$50M+ development planned for Hull St. in Manchester
Richmond BizSense
Cape Charles Brewing Co. is bringing locally made craft beer into the heart of the resort town of Cape Charles along this 70-mile stretch of land between the Chesapeake Bay and Atlantic Ocean. The Marshall family purchased a 2.5-acre property on Stone Road – the main thoroughfare into Cape Charles – and is in the midst of developing a 16,000-square-foot brewery and tasting room and, later, brewpub and event space. The production facility is expected …
In the small southern Virginia city of Emporia, a low-income housing community – while well-managed and maintained – was in need of an upgrade to preserve the property and keep its operation cost effective. So the 22-year owner of Weaver Manor, Bob Margolis, decided to sell the community to a limited partnership composed of his two longtime business partners, Adam Stockmaster and Ari Severe, and together they would update the aging property. The team turned …
Jackson Ward is one of Richmond’s most historic neighborhoods that has experienced an economic renaissance in its downtown corridor over the past decade. With the promise of major future developments to come, Jackson Ward has thrived with new restaurant, retail, and living spaces. Jackson Ward’s revitalization was at the heart of a new VCC loan to help a local real estate investor purchase a 15-unit apartment building, called Bliley’s Garage. The property, once a service …
Richmond BizSense
Clopton Siteworks – Unit B in Richmond, VA
As Richmond manufacturing has evolved, the need for large amounts of warehouse space for the tobacco trade has declined, providing pioneering developers with properties to create innovative new residential, commercial, and industrial spaces. The Clopton Siteworks development is transforming tobacco warehouses in south Richmond into flexible, modern office and warehouse spaces for a new generation of workers and emerging companies. The project’s ultimate goal is to bring 500 jobs to the Jefferson Davis Corridor. The …