Christiansburg, VA (October 20, 2020) – The Appalachian Community Capital Board of Directors unanimously approved the membership application of Hampton Roads Ventures, LLC, during its monthly business meeting today in Christiansburg, Virginia.
Appalachian Community Capital (ACC) is a wholesale development financial intermediary, created in 2013, with a mission to increase small business lending by providing Appalachian member institutions that serve underserved people and communities with new sources of capital. Donna Gambrell, ACC President and CEO, welcomed the new member, stating that HRV’s “strategy for lending in rural Appalachia complements ACC’s vision to address credit needs throughout the Region.”
Hampton Roads Ventures, L.L.C. (HRV) is a community development investment firm that partners with for-profit businesses, governmental agencies and non-profit agencies to attract private capital to severely distressed, primarily rural neighborhoods. Staffed by experienced community economic development professionals, HRV is extremely sensitive to the unique opportunities, challenges and constraints these under-served communities face.