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.
The Latest: Indian Open golf tournament canceled Associated Press ___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The Indian Open golf event on the European Tour was canceled on Saturday because of the threat posed by the coronavirus pandemic. FC Dallas confirmed Wednesday that players had tested positive upon their arrival in Florida for the month-long tournament. The entire FC Dallas delegation is quarantining in their rooms at the walt Disney World Swan and Dolphin Resort.Vancouver’s team is scheduled to arrive in Orlando on Monday.MLS said the postponement would allow both teams to have additional training days in Orlando before opening tournament play.FC Dallas will now play its first tournament match July 15 against the Seattle Sounders.___ Frances Tiafoe has tested positive for the coronavirus and withdrawn from the All-American Team Cup tennis tournament in Atlanta.Tiafoe was scheduled to face Tennys Sandgren on Saturday in the weekend tournament involving eight top American men’s players. The event is allowing a limited number of fans and not requiring masks, though will provide them if requested. Tiafoe defeated Sam Querrey on Friday but was showing symptoms after the match and a test was positive. Tiafoe, a 22-year-old who reached the 2019 Australian Open quarterfinals, left the event site and was replaced by Christopher Eubanks. Tiafoe was captain of Team Stars, playing against John Isner’s Team Stripes.Top-ranked Novak Djokovic and three other pro players had tested positive for the virus after playing in a similar exhibition event in Europe. The pro tennis tours are suspended until August. The tournament was initially postponed from March to an unspecified time later in 2020, but has now been scrapped following consultation with the European Tour and Asian Tour.The European Tour is due to restart this month with six straight events in Britain.___The MLS Is Back tournament match between FC Dallas and the Vancouver Whitecaps has been postponed after six FC Dallas players tested positive for COVID-19.The group stage match was scheduled to take place Thursday. MLS officials announced the postponement Saturday and said a new time and date would come later. July 4, 2020 read more