The PVGrows Finance Working Group (FWG) seeks an administrative partner (or partners) to assist in the design, development, and rollout of a new $2.5M investment fund that is intended to replace the existing $750,000 PVGrows Loan Fund.
PVGrows expects the new, larger fund – now called the Community Food Fund (CFF) – to provide flexible, Mezzanine-style investment, and more traditional investments, typically ranging between $25,000 and $250,000, to businesses in the seed to growth stages. PVGrows also anticipates using this flexible capital to partner with existing local lenders involved in traditional investment to realize collaborative opportunities.
Capital will come from a mix of institutions, accredited investors, and unaccredited investors, with a primary objective of enabling community members to invest between $1,000 and $10,000 – a portion of their investment or retirement portfolios – in their local food economy.
If your organization is interested in partnering with PVGrows FWG as outlined in the RFP, please respond by July 26, 2013.