Creating Thriving Communities DAnVILLE T he City of Danville has faced significant economic challenges since the collapse of the textile and tobacco industries. With one of America’s highest rates of unemployment, the community recognizes the immediate need for action. And progress is, indeed, underway. VCC has partnered with state and local government, economic development entities, private investors, and businesses to lend assistance in this urban revitalization. Deposits at VCC’s bank, Community Capital Bank (CCB), often serve as a critical keystone for our community investing activities. A deposit by the Industrial Development Authority (IDA) of Danville helped facilitate a significant 105,000-square-foot addition to the Essel Propack America plant in 2011. This facility expansion has already generated 20 new jobs with another 30 jobs planned. Partnering with the IDA, VCC has financed the Essel Propack project as well as other ventures, which all contribute to job creation and Danville’s economic revitalization. VCC expertise contributes to Danville’s renewal on numerous fronts. Senior Loan officer Dawn DeHart serves on the board of The Launch Place Fund, a seed fund building investment opportunities where local capital is deployed for businesses and community-based projects. DeHart and VCC President and CEo Jane Henderson have also participated in planning activities led by the Danville Regional Foundation, an organization focused on transforming the regional economy. VCC Advisory Services has supported various activities in other Southside communities including tourism planning and guidance for Mecklenburg and Brunswick Counties. We assisted with and identified funding sources for a feasibility study of the Clarksville School renovation and repurposing. TransTech Alliance, a new Southern Virginia regional economic organization, received strategic planning assistance from VCC. VCC Savings • CCB offers innovative banking products tailored to community banks and socially responsible investors. We also provide business and consumer deposit products, including checking, savings, and certificates of deposit. • Banks who partner with CCB receive Community Reinvestment Act credit for deposits and earn market rate returns. Some existing partnership banks include the Bank of Botetourt, Bank of Marion, Citizens & Farmers Bank, and Union First Market Bank. • Many Virginia organizations like Bon Secours Health System, Habitat for Humanity—Virginia, and Rural Health Care Ventures, LLC, practice missionfocused investing at CCB as well. h 7