Pacific Community Ventures (PCV) is honored to receive a $7 million gift from Yield Giving, the philanthropic organization established by Mackenzie Scott. This unrestricted gift is a transformative boost to PCV’s Restorative Capital Strategy, which is driving economic mobility, racial and climate justice through the power of entrepreneurship and a good quality job – helping keep the American […] The post Pacific Community Ventures Receives $7 million Gift from Mackenzie Scott appeared first on Pacific Community Ventures ..read more

By: Mick Acevedo Loayza, Research Analyst, Pacific Community Ventures What would it look like if jobs at America’s small businesses (the ones who employ almost half of Americans) were not the domain of the “working poor,” but rather “Good Jobs” that supported economic mobility through intergenerational wealth building? Research presented in Pacific Community Ventures’ newly released Good Jobs Journeys report demonstrates that investment in Black, Indigenous, Latinx, Asian American Pacific Islander (AAPI), and entrepreneurs of color (BIPOC entrepreneurs) could be key. This mixed methods study r ..read more

By: Casey Bell, Chief Impact Officer-Pacific Community Venters The opportunity presented by the EPA’s historic $27 billion in grants for the climate economy through the Greenhouse Gas Reduction Fund (GGRF) is arriving at a critical moment where the U.S. is facing two inter-related systemic risks: the existential risks presented by the climate crisis, and the economic & social losses accumulating from persistent racial and gender wealth gaps. Addressing the climate crisis without addressing these wealth gaps risks worsening adverse outcomes in health, livability and economic prosperity in t ..read more

By: Bulbul Gupta, President & CEO-Pacific Community Ventures; Casey Bell, Chief Impact Officer-Pacific Community Venters; Charles Fisher-Post, Associate Director, Good Jobs Innovation Lab-Pacific Community Ventures Addressing a Legacy of Disparity by Design Racial disparities in wealth and income, also known as the “Black/white wealth gap,” are no coincidence. They exist by design.  The damage caused by the racist practice of redlining is not a relic of the past, but persists in perpetrating harm across the country today. Prior to the COVID-19 pandemic, Black & Brown business owne ..read more

By Bulbul Gupta, President & CEO; and Casey Bell, Chief Impact Officer One year ago, Pacific Community Ventures launched its Good Jobs Innovation Lab at the Clinton Global Initiative. We embarked on an ambitious Five Pillar Research Agenda exploring the intersection of restorative capital and business advising for low-income and entrepreneurs of color – with an eye toward driving wealth-building journeys for underestimated people and places, one good job at a time. Reflecting on the past year, we are humbled and exhilarated by the journey our team, and community partners have embarked on t ..read more

Welcome to our 2022 Impact Report! We are filled with immense pride as we share our impact throughout the year and celebrate PCV’s 25th Anniversary in 2023. This report holds a special place as it reflects the evolution of our brand under our new strategy launched last year, to more authentically embody the voices and lived experiences of the communities we serve. In our role as one of the U.S.’s first impact investing organizations, we remain steadfast in our commitment to helping small businesses, particularly those led by entrepreneurs of color. Today, these entrepreneurs continue to face a ..read more

Authors: Bud Colligan, Co-Founder, PCV, & Bulbul Gupta, President & CEO, PCV The story of Pacific Community Ventures began with a question in 1998 at the height of the dot.com boom: how can an entrepreneurial haven like Silicon Valley provide monetary and people resources to low income communities to create a more inclusive economy? A unique capital + advising integrated approach was incubated on University Avenue in Palo Alto to answer this question: what would it take to not only provide affordable capital to entrepreneurs in, and from, lower income communities, but to build around t ..read more

Press release published May 10, 2023 by Public Private Strategies Dear Speaker McCarthy, Leader Jeffries, Majority Leader Schumer, and Leader McConnell: We write to you on behalf of American businesses — large, small, women and minority-owned — urging you to take immediate action to avoid the United States government from defaulting and avert an imminent crisis that could cripple our nation’s economy. We are opposed to the legislative efforts that would cut vital programs that are key to supporting small business growth at a critical juncture for the millions of small businesses who are finall ..read more

By: Charles Fisher-Post, Associate Director, Good Jobs Innovation Lab Pacific Community Ventures (PCV) is thrilled to announce the launch of our very first Good Jobs Entrepreneurs Fellowship! The program is designed to bring together a cohort of 14 outstanding PCV clients who have demonstrated a commitment to providing their employees with high-quality jobs towards racial and gender wealth building outcomes. Over the course of the 12-week fellowship, PCV and small business entrepreneurs will co-create collateral to guide other small business owners on good job creation. Through facilitated dis ..read more

BIPOC-owned small businesses play a crucial role in creating jobs, providing essential services, driving ownership in communities and generating economic growth, yet still face significant challenges accessing capital. CDFIs play a critical role in closing this funding gap. Pacific Community Ventures’ model for deploying restorative capital provides additional support to clients through pre- and post-engagement support – with an ultimate goal of supporting entrepreneurs of color in creating good jobs that facilitate wealth building for themselves and their workers..  Upon observing positi ..read more