Virginia Community Capital
Virginia Community Capital is a Community Development Financial Institution (CDFI) with a mission to create jobs, energize places, and promote an enhanced quality of life for Virginians. With offices in Christiansburg, Norfolk, and Richmond, we offer innovative and flexible financing tools throughout the state. In addition, we provide professional advisory services to individuals and organizations in low-to-moderate income and underserved communities. Virginia Community Capital’s subsidiary bank, VCC Bank, is an FDIC-insured, certified CDFI bank. VCC Bank offers banking products tailored to community banks and socially conscious investors. We also provide personal and business deposit products, including checking, savings, and certificates of deposit.
Virginia Community Capital has been working hard to revitalize the Jefferson Davis Highway Corridor. In recent years the area has seen a rise in poverty, crime, and abandoned storefronts. However, in partnership with the city of Richmond, VCC has given nearly $2 million dollars in loans to local businesses in an effort to rebuild this community.
Virginia Community Capital received a $200,000 grant over a three-year period from the Thompson Charitable Foundation, as part of a $600,000 total grant package that will be directed at supporting businesses in Southwest Virginia. The grants from the Thompson Charitable Foundation will fund up to 12 small business workshops each year in Buchanan and Tazewell counties, provide free technical advisory services, and host four Small Business Challenges in each county that will award investment grants to existing and startup companies. These regions were deeply affected by coal and manufacturing industry losses.
Virginia Community Capital has released its 2017 Impact Report, highlighting the last twelve months of its innovative lending portfolio. Last year, the bank surpassed a major milestone of creating $1 billion in project impact across the state. The report details VCC's impact to South Richmond's Jeff Davis Highway Corridor, focus on solar-energy investing, and innovative Virginia Fresh Food Loan Fund.