Community Capital Receives US Department of Treasury Grant
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.
JOCKEY QUOTESJOSEPH TALAMO, PAINTING CORNERS, WINNER: “I had a great trip Peter gave me all the confidence in the world, he just said, ‘Try to break sharp if they give us a good lead go with it, if not just ride a smart race’. She broke sharp and took it to ’em. She’s very quick out of the gate and we got a little breather there around the turn. She could feel Bejarano’s filly (third place finisher Go On Mary) on her outside, but when we straightened up, she switched leads and we were gone.”TRAINER QUOTESPETER MILLER, PAINTING CORNERS, WINNER: “Joe rode a very smart race. She doesn’t like to be on the rail much, but he broke sharp and he just went on with it and cut the corner and saved something for the stretch. So great ride by Joe and the whole team did a great job with this filly. She’s a very versatile filly and she’s been so much fun to work with. I still think she can get the longer distances. We are looking into her next race, she might possibly go to Kentucky and we’re even thinking about the Monrovia.”OWNER QUOTESRYAN COSATO, PAINTING CORNERS, ON BEHALF OF SLAM DUNK RACING: “She’s been facing (stablemate) Belvoir Bay in her last couple races, so it was nice to get away from her today. Belvoir Bay ran solid in Dubai, so Painting Corners was obviously coming out of a productive race. It was nice to see her get an easy lead and keep going.”NOTES: The winning owner is Altamira Racing Stable and Slam Dunk Racing.#1 PAINTING CORNERS (Joseph Talamo) $75,000 Mizdirection Stakes Owner: Altamira Racing Stable or Slam Dunk Racing Trainer: Peter Miller Saturday, April 13, 2019 Santa Anita Park Arcadia CA. © BENOIT PHOTO