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.
LATEST STORIES P16.5-M worth of aid provided for Taal Volcano eruption victims — NDRRMC Jo Koy draws ire for cutting through Cebu City traffic with ‘wang-wang’ MOST READ Don’t miss out on the latest news and information. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award ‘Stop romanticizing Pinoy resilience’ FILE – In this April 1, 2018, file photo, Detroit Pistons coach Stan Van Gundy reacts during the second half of the team’s NBA basketball game against the Brooklyn Nets, in New York. Van Gundy will not return to the Pistons as coach or president of basketball operations. The Pistons announced Van Gundy’s departure Monday, May 7, 2018, with owner Tom Gores saying in a statement that the team has not progressed over the past two seasons. (AP Photo/Adam Hunger, FIle)DETROIT — Stan Van Gundy will not return to the Detroit Pistons as coach or president of basketball operations.The Pistons announced Van Gundy’s departure Monday, with owner Tom Gores saying it was a difficult decision. He said Van Gundy wanted to return for a fifth season with the team.ADVERTISEMENT “I am grateful to Stan for everything he’s done for the Pistons and for the city of Detroit,” Gore said. “He rebuilt the culture of our basketball team, re-instilled a winning attitude and work ethic, and took us to the playoffs two years ago. He went all-in from Day One to positively impact this franchise and this community.“But over the past two seasons our team has not progressed, and we decided that a change is necessary to regain our momentum,” Gores said.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownThe Pistons went 39-43 this season, missing the playoffs for the third time in four years under Van Gundy. They’ve made the postseason just once in the past nine seasons, and even a blockbuster trade for Blake Griffin wasn’t enough to salvage 2017-18.A decade ago, the Pistons were one of the game’s most respected organizations after reaching the Eastern Conference finals six straight years and winning the NBA title in 2004. They sank quickly into irrelevance after that. Detroit missed the playoffs the final five seasons of Joe Dumars’ tenure as team president, and Gores — who took over as owner in 2011 — eventually brought Van Gundy in, giving him authority in the front office in addition to his coaching duties. In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Garcia on Ginebra loss to TNT: ‘I let my team down’ Truck driver killed in Davao del Sur road accident View comments The Pistons made the playoffs in Van Gundy’s second season at the helm, but they couldn’t build on that breakthrough. This past season was particularly disappointing because it may have been the most productive of center Andre Drummond’s career.With Drummond leading the way, Detroit started 19-14 and won on the road against the likes of Golden State, Oklahoma City and Boston. Then an ankle injury to point guard Reggie Jackson derailed the season, and not even the trade for Griffin in late January was enough to push the Pistons to the playoffs in their first season at downtown Detroit’s new Little Caesars Arena.“Stan is a competitor and he wanted to finish the job,” Gores said. “He retooled a roster that we think can be very competitive in the East. I know he’s disappointed, and that he cares deeply about his players, his staff, this organization and this city. He’s also a professional who will make sure this is a seamless transition, and someone I hope will be a friend and adviser to me long after this transition is completed.”The Pistons went 152-176 over the past four seasons under Van Gundy, and his personnel decisions have come under more criticism than his coaching. Detroit hasn’t been able to make the most of its draft position, spending first-round picks on Stanley Johnson, Henry Ellenson and Luke Kennard. This past season, Kennard shot over 40 percent from 3-point range, but he was taken one spot ahead of Donovan Mitchell in last year’s draft. Mitchell blossomed into a Rookie of the Year candidate.The trade for Griffin was a bold one for the Pistons and gives them limited flexibility going forward. Not only did the team take on Griffin’s big contract, but Detroit also sent a protected first-round draft pick to the Los Angeles Clippers in the deal.ADVERTISEMENT Green group flags ‘overkill’ use of plastic banderitas in Manila Sto. Niño feast Sports Related Videospowered by AdSparcRead Next Scientists seek rare species survivors amid Australia flames Volcano watch: Island fissures steaming, lake water receding Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew read more