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Create an /adamant website — from an idea to a published site with ease.
Get in touchWe incubate and fund the Virginia Peninsula's most promising small, local businesses so all of our neighborhoods and families thrive.
We supply the healthcare, advanced manufacturing, aerospace, maritime and defense, and technology sectors with well capitalized, contract-ready enterprises.
Business Services.
Capital Readiness.
Funding.
Partners.
Contracts.
Sustainability.
Business Services.
Capital Readiness.
Funding.
Partners.
Contracts.
Sustainability.
Why PCF?
The Virginia Peninsula is at the cusp of exciting economic change. High growth industries present a generational opportunity for innovation, prosperity and quality of life. But our greatest potential can only be reached when we all succeed.
Multiplier Effect
Small business entrepreneurs, medical practice leaders, and community developers create the jobs and support the key growth industries that have a multiplier effect on our economy. When these leaders are behind us, all of our residents – and our state – thrives.
Unfortunately, many entrepreneurs in our underinvested communities have been excluded by banks and contract opportunities that sustain businesses and families for the long run. And these communities – even in the cultural heart of our region – have suffered and stagnated.
PCF was launched to change that
In partnership with the Peninsula's leading institutions, healthcare providers and employers, we will ensure that local under-resourced businesses have access to a healthy, diverse talent pool, technical assistance, flexible capital, and contracting opportunities to ensure that every neighborhood participates in the region’s growth. Let’s make this one of the country’s best places to live, work and play.
Who We Are
Amazing things happens when Greater Peninsula Cares Foundation and City First Bank join forces.
Peninsula Cooperative Fund is sponsored by The Greater Peninsula C.A.R.E.S. (Congregational and Residential Empowerment Services) Foundation, Inc. a community-driven non-profit organization that aims to enhance the lives of those living and working in under-resourced communities in Newport News and Hampton, Virginia. GPC is a collective of mission-oriented, community and faith-based organizations joining forces to advance health, wealth and opportunity within the greater Peninsula community. GPC has launched a $50 million loan fund, made possible by the advisory relationship and balance sheet strength of City First Bank, the nation’s largest minority-led depository institution with over $1 Billion in Assets.
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40+
years of public service
We have built a team of dedicated public servants with decades of expertise developing the Peninsula's most impactful public health and business advocacy solutions..
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100%
small/local commitment
PCF was launched to fill gaps in capacity and capital in underinvested communities in Hampton and Newport News, Virginia.
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$50
million in new capital
We provide business-friendly funding for the real estate, equipment, and working capital needed to serve our region's contracting opportunities for the long haul. .
How we do it
Get startedBusiness Engagement
The community engagement relationships of Greater Peninsula C.A.R.E.S. will identify promising entrepreneurs with the talent to grow valuable companies.
Technical Assistance
We will provide structured training, business processes, and fractional business support services to build operational and credit capacity of local businesses.
Business Partnerships
We partner with regional economic development organizations, industry parters, and government and military entities to develop a pipeline of business opportunities, match-make and deal-make.
Loan Funding
We are committing up to $50 million in affordable, flexible loans, including asset based credit facilities, real estate acquisition and development loans, equipment financing, and working capital lines.
Social Determinants of Health
By helping local medical practice leaders and small business owners grow and sustain businesses, we can impact job and income growth and access to preventive health care - both key social determinants of health.
FAQ
Get to know PCF.
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Peninsula Cooperative Fund is sponsored by Greater Peninsula C.A.R.E.S. Foundation, a 501(c)(3) that provides health and wellness services on the Peninsula.
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A Community Development Financial Institution (CDFI) is a financial organization that provides financial services to low-income communities. CDFIs can be banks, credit unions, loan funds, or venture capital funds. PCF will be seeking CDFI status to expand the range of financing sources available to our community.
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Peninsula Cooperative Fund is backed by the expertise and balance sheet of City First Ban, the nation’s Largest Minority Depository Institution with over $1 billion in assets. City First Bank is an FDIC-insured Minority Depository Institution serving under-resourced Community Reinvestment Act (CRA)-eligible low- or moderate-income communities. We share a common goal to provide safe, affordable and vital financial products and services to high potential business that support vibrant neighborhoods. A Certified B Corp, City First Bank received an “Outstanding” CRA Rating for our community development lending. City First Bank is proud to partner with Greater Peninsula Cares to bring flexible financing options to the region’s growing businesses.
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Stay tuned for an upcoming announcement on how your business can get into our pipeline. We are excited for you to join us!