Excerpt from Vermont Business Magazine:
Four Vermont economic development organizations received grant awards totaling $4.45 million from the US Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) late last month. The Flexible Capital Fund, Housing Vermont, NeighborWorks of Western Vermont and the Vermont Community Loan Fund will use the awards to provide services to Vermonters who lack access to financial services and resources.
“This is great news for economically distressed communities in Vermont that lack adequate access to capital and affordable financing,” said Sens. Patrick Leahy (D-Vermont), Bernie Sanders (I-Vermont) and Representative Peter Welch (D-Vermont). “Because of these targeted funds, individuals, businesses, and projects in the areas of our state that need it most will get capital to create jobs, fund housing projects, stimulate business development, and invest further in our communities.”[su_button url=”http://www.vermontbiz.com/news/october/community-development-organizations-get-445-million-us-cdfi-fund” background=”#8bc63f” radius=”0″]Read the Full Article[/su_button]