Culinary Training Academy of Las Vegas
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.
“Clearinghouse spent many hours with us structuring a loan that met our financing needs. They recognized that we share a common vision—to reduce poverty and provide people in Nevada with a better life for themselves and their families. Their support brings us both closer to realizing this vision for more people.”
- Chris Fava, CEO, Culinary Training Academy
Financing Provided:
$700,000 Loan + $300,000 Grant
Location:
Las Vegas, NV
Type of Project:
Community Development Loan
Impact:
200 New Permanent Jobs Created
Purpose:
Job Training for Distressed Area
Year Funded:
2012
