Equity-focused capital investments help small businesses in California thrive. Pacific Community Ventures, a Bay Area-based community development financial institution (CDFI), offers a targeted approach to small business development that seeks to remedy the historical gaps in access to capital amongst entrepreneurs of color. As PCV notes, people of color account for an outsized share of new small business owners, but many struggle to secure funding for ventures that could fill valuable economic niches and offer needed services to historically under-resourced communities, like affordable childcare centers for working families. Based on principles of restorative capital, PCV invests in businesses that can fill these economic niches and help invigorate low-income communities from within. Besides issuing small business loans, PCV also works with entrepreneurs to help balance their financial planning and profit-making with the well-being and security of their employees. In 2021, 90 percent of PCV’s nearly 1,700 clients were entrepreneurs of color and/or women, and 86 percent of their investment dollars went to low-income communities. Learn more.
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