NONPROFIT

Capital Good Fund receives $81K development grant

COURTESY CAPITAL GOOD FUND
THE CAPITAL GOOD FUND was awarded a $81,273 Community Development Financial Institutions Technical Assistance grant.
Posted 8/8/12

PROVIDENCE – Capital Good Fund, a Providence-based nonprofit financial services organization, will receive an $81,273 Community Development Financial Institutions Technical Assistance grant.

The grant, announced by U.S. Sen. Jack Reed on Tuesday, is designed to aid in the revitalization of low income communities in Providence and help the organization better serve all of Rhode Island.

“I am pleased Capital Good Fund has won this competitive grant to help revitalize communities in Rhode Island,” Reed said in a statement announcing the award. “Offering loans and financial coaching to communities and small business owners are smart ways to foster economic opportunity and community development.”

The Capital Good Fund provides one-on-one financial coaching, microloans and free tax preparation to low income communities in Providence, according to a release.

The grant, administered by the U.S. Treasury Department, is intended to be used to hire full and part-time workers, expand the organization’s customer base as well as improve internal operations, train students in financial coaching to low income Rhode Islanders and expand operations from the Greater Providence area to all of Rhode Island during fiscal year 2012.

“At a time when Rhode Islanders are struggling to get back on their feet after the recession, this grant will enable CFG to empower our clients with the tools they need to better their lives, be it financial counseling, small loans or free tax preparation,” Andy Posner, Capital Good Fund co-founder and executive director, said in a statement.

Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News