Venture Capital（二十五）.pdfVIP

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ Venture Capital ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ for Communities by Kerwin Tesdell, President, Community Development Venture Capital Alliance Community development venture capi- those that are environmentally fo- jobs that pay a living wage. To pro- tal (CDVC) is one of the fastest grow- cused. They invest in such businesses duce the financial portion of the double ing sectors in the field of community as new-economy manufacturing com- bottom line, CDVC funds must seek development finance. From a handful panies and promising new service-sec- out companies that hold the promise of funds in 1990, the industry has tor firms, which can offer good em- of rapid growth. Companies that are grown to more than sixty funds in the ployment to large numbers of low-in- growing and successful can afford to United States, and at least another come people. They seek to apply prin- pay higher wages than companies that twenty funds operating or in forma- ciples that have helped create unprec- are just scraping by. Successful com- tion in other parts of the world. In the edented economic growth in places panies tend to offer better benefits to last year alone, CDVC under manage- from Silicon Valley to areas often left their employees, as well as job train- ment in the U.S. has grown to $400 behind such as rural Appalachia, in- ing and opportunities for advancement, million, up $100 million dollars from ner-city Baltimore and Nizhny and to attract and retain the workforce the end of 2000. Almost $40 m