Culinary Training Academy (CTA) is a nonprofit organization that helps its students obtain quality jobs through partnerships with entertainment venues. CTA provides hospitality and culinary arts training in an area with high unemployment.
Clearinghouse CDFI financed a $700,000 loan and provided a $300,000 grant to help CTA expand its programs, access working capital, and hire 200 new employees.
Financing Provided:
$700,000 Loan + $300,000 Grant
Location:
Las Vegas, NV
Impact:
200 New Permanent Jobs Created
Purpose:
Job Training for Distressed Area
Year Funded:
2012