PCG Named Finalist for $2.75 million Wells Fargo NEXT Award

(August 10, 2010) The nation’s largest and most prestigious awards program for community development financial institutions (CDFIs) announced today that Partners for the Common Good (PCG) is a finalist for an award of $2.75 million in the highly competitive 2010 Wachovia Wells Fargo NEXT Awards for Opportunity Finance. Awardees will be announced prior to an awards celebration at Opportunity Finance Network’s (OFN’s) 26th Annual Conference in San Francisco, CA.

“The finalists for this year’s Wachovia Wells Fargo NEXT Awards for Opportunity Finance each demonstrate excellence and proven expertise serving important opportunity markets. These inspiring organizations have delivered real results for low-wealth and low-income communities and exemplify how CDFIs can drive economic recovery and growth in those markets,” said Mark Pinsky, President and CEO of the Philadelphia-based Opportunity Finance Network, the leading national network of high-performance CDFIs.

“We are extremely honored to be selected as a finalist for this prestigious award,” said Jeannine Jacokes, CEO of Partners for the Common Good. “The Wachovia Wells Fargo NEXT Award is critically important because it highlights performance and features innovations within the CDFI sector.”

Read the full OFN press release here.