B Corps Spotlight: Virginia Community Capital

Connect VA
Wednesday, July 27, 2016

In an interview, Virginia Community Capital Community Programs Manager Leah Fremouw spoke about the benefits of the bank's status as a Certified B Corps. "[The B Corps designation] allowed us to elevate our social mission to the same significance as our shareholder value. 50% of our Board help develop social and environmental standards for industry, we give preference to local and sustainable suppliers, and our staff are given opportunities to have paid time off for community service. In late June we held an event in Old Town Petersburg, at Trapezium Brewery (a renovation project we recently funded) – one of several celebrations we’ve held over the past few months with our partners and supporters to commemorate our achievements together. The Tri-Cities region has received a total of 220 loans during the past decade."