SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2023 SESSION
23104446DWHEREAS, for more than 10 years, the Community Investment Collaborative has helped entrepreneurs in the Charlottesville area start or expand their own businesses by providing critical financial assistance and support programs; and
WHEREAS, the Community Investment Collaborative was established as a result of a work group consisting of people with backgrounds in nonprofit organizations, businesses, and academia, led by the owner of C’Ville Coffee, Toan Nguyen; and
WHEREAS, the work group determined that small businesses in the region did not have appropriate financial solutions or a comprehensive support system; the group studied microenterprise models around the country to develop an organization that would offer financing as well as education, mentoring, and networking opportunities; and
WHEREAS, established in 2012, the Community Investment Collaborative offers a 16-week business education program to existing and prospective business owners; graduates of the program receive extensive mentoring and opportunities for peer discussion, support, and networking, and qualified graduates can receive startup financing or ongoing microfinancing to support their businesses; and
WHEREAS, the Community Investment Collaborative strengthens the community and contributes to economic development by fueling the success of under-resourced entrepreneurs and leverages community resources to provide capital and education to entrepreneurs who have difficulty accessing funding from traditional sources; and
WHEREAS, the Community Investment Collaborative currently serves more than 220 clients per year, and its 500th student graduated from the program in November 2022; and
WHEREAS, the Community Investment Collaborative has financed $2.4 million in loans to 180 businesses and helped open 131 new businesses, creating 288 full-time equivalent jobs; and
WHEREAS, the Community Investment Collaborative also hosts the top performing Small Business Development Center in the Commonwealth, which served 800 counseling or training clients in 2021 and helped them to access more than $25 million in capital to grow their businesses; now, therefore, be it
RESOLVED by the Senate, the House of Delegates concurring, That the General Assembly hereby commend the Community Investment Collaborative on the occasion of its 10th anniversary; and, be it
RESOLVED FURTHER, That the Clerk of the Senate prepare a copy of this resolution for presentation to the Community Investment Collaborative as an expression of the General Assembly’s admiration for the organization’s achievements and contributions to the economic vitality of the Charlottesville community.