Creating Good Jobs – the Entrepreneur’s Journey
Pacific Community Ventures Blog
by tburtin
2M ago
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
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Ensuring Historic Federal Climate Investments (GGRF) Work Well for Justice40 and LMI Communities
Pacific Community Ventures Blog
by tburtin
5M ago
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
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Investing in Beloved Community: A Playbook for Place-Based Impactful Lending
Pacific Community Ventures Blog
by tburtin
5M ago
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
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Five Lessons from the One-Year Anniversary of PCV’s Good Jobs Innovation Lab
Pacific Community Ventures Blog
by tburtin
5M ago
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
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2022 Impact of PCV’s new Restorative Capital & Good Jobs Strategy
Pacific Community Ventures Blog
by brodriguez
5M ago
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
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25 Years of Impact: A CDFI’s Journey from Impact Investing to Impact-First Restorative Capital
Pacific Community Ventures Blog
by brodriguez
5M ago
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
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Letter: Debt Ceiling and Proposed Cuts
Pacific Community Ventures Blog
by brodriguez
5M ago
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
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Introducing Pacific Community Ventures’ Good Jobs Entrepreneurs Fellowship: Co-Creating a Path Towards High-Quality Jobs for Small Business Owners
Pacific Community Ventures Blog
by tburtin
5M ago
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
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Unlocking the Potential of Small Businesses: Insights and Recommendations from a Business Advising Case Study
Pacific Community Ventures Blog
by brodriguez
5M ago
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
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3 Ways PCV Uses Data Analytics to Close the Racial Wealth Gap
Pacific Community Ventures Blog
by tburtin
5M ago
Author: Kenneth Kitahata, Manager of Data & Analytics Pacific Community Ventures (PCV) is a 501(c)(3) nonprofit impact investor and community development financial institution (CDFI). In 2022, our integrated “loan + advice” model deployed $9M in loans and helped 2000+ BIPOC, women, and other underestimated small business owners create good jobs with dignity, address racial and gender wealth gaps, and build community wealth. This year PCV is excited to launch the Good Jobs Innovation Lab, a new internal research and policy function aimed at designing and testing new products and services th ..read more
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