Community Capital of Central Vermont is one of 41 organizations nationwide to receive a Technical Assistance Award from the U.S. Department of Treasurys CDFI Fund. CDFIs Community Development Financial Institutions are specialized organizations that respond to financial gaps in their local markets. Totaling $50,000, this grant will be used over the next two years to improve Community Capitals ability to offer flexible and affordable financing and technical assistance to new and growing businesses that do not yet have access to traditional bank financing. Specific activities include: a tri-county market assessment to identify unmet demand for alternative commercial financing, an internal organizational assessment conducted by CDFI industry leaders, board and staff training, strategic planning, and technology upgrades. Founded in 1995 as the Central Vermont Revolving Loan Fund, Community Capital has lent over $1.4 million in flexible and affordable loans to 58 micro and small businesses that are not yet able to qualify for a traditional bank loan. Almost half of these businesses have in turn benefited from over 1,000 hours of specialized post-loan business counseling, a unique program available only to borrowers of Community Capital. Other funding for Community Capital comes from the U.S. Department of Agriculture, the Vermont Community Development Program, and a variety of local bank and other private donations. For more information, please contact Emily Kaminsky at 479-1053, ext. 263. Or, visit our website at www.cvcapital.org(link is external). Community Capital is a partner of the Central Vermont Community Action Council.
Although the Coventry Stakes winner remained among the entries at the latest confirmation stage on Tuesday, the Mark Johnston-trained two-year-old is not certain to line up in the Group One event. With connections keen to avoid the soft surface they feel was the reason behind his defeat in the Phoenix Stakes, plans are in place to hold off making a decision until as late as possible, much like the one that saw him swerve an outing in the Gimcrack Stakes at York last month. A late decision will be made over the participation of Buratino in the Goffs Vincent O’Brien National Stakes at the Curragh on Sunday. Press Association Johnston’s son and assistant, Charlie, said: “As I understand it he is going to travel, but no decision will be made until the 11th hour regarding his participation. “We are watching the weather closer than the boys in the Met Office. There is rain forecast overnight Friday and if that comes he would definitely not run. “It will just be a case of keeping a close eye on the weather as the week goes on. It will be like the decision that was made at York.” read more