Creating good jobs with benefits and wages that let people support themselves and their families — that’s what we meant we started saying the phrase “reinventing prosperity.” We saw the light at the end of the tunnel with the recession in America, and continued making investments of money and expertise in California small businesses — like Pacific Catch, which we helped create 80+ jobs during Recession years. We also partnered with CDC Small Business Finance to launch a state-wide program to prevent foreclosures on California small businesses.
While PCV worked on-the-ground to create sustainable jobs in California, we also worked on a national level to spur the economy from the big-picture policy perspective.
In 2010, PCV heightened our influence on the conversation about impact investing–driving capital and other resources to underserved communities–through collaborative research, panel talks, and convening discussions with thought leaders in places as varied as Harvard University, the Rockefeller Foundation and the Aspen Institute. We released two big reports furthering that conversation: Impact Investing Framework for Policy Design and Community Equity Capital Challenges and Growth — learnings from our work in what would become impact investing