By Michael Ciaburri
Ciaburri is CEO Worth Avenue Capital an alternative small business lender that helps small businesses obtain financing from private investors and banks when appropriate. Ciaburri was the founder and CEO of The Bank of Southern Connecticut from 2001 to 2008
In 2010, when Dodd-Frank was signed into law by then President Barack Obama, banks and lending institutions across the Northeast faced a level of regulatory oversight unlike ever before. That regulatory oversight brought significant consequences to commercial real estate investors and small businesses that frequently availed themselves of loans from both national and community banks. Suddenly, even borrowers with strong balance sheets or strong credit were being turned away from lenders as their profitability was not adequate in the face of costlier regulatory compliance costs.
STAMFORD: Tesla is not the only electric vehicle making news in the Nutmeg State.
RPM Raceway, which calls itself “America’s ultimate all-electric indoor karting and entertainment destination,” is bringing its “authentic racing experience" to Connecticut, at 600 West Avenue, scheduled to open during the first half of 2018.
In addition to competitive racing, the facility will feature dining and sports bar operations along with alternative experiential entertainment activities including RPM Lanes, a 14-lane bowling facility, racing simulators, a multiplayer virtual reality experience and a state-of-the-art arcade. Owned and operated by husband and wife team, Eyal Farage and Karen Davis-Farage, the new two-level, 90,000 square foot facility with two quarter-mile racing tracks will be RPM Raceway’s first location in Connecticut and its sixth throughout the Northeast. The facility is expected to hire 100 employees.
HARTFORD: An announcement of winter promotion by the Hartford Yard Goats minor league baseball team is bringing the team national attention. Taking advantage of its name, the team promises to take a special of the “goat yoga” event. The controversial but fun Yoga mania will take place at the teams Dunkin’ Donuts Park on January 20 and then again on February 20. Don’t worry about the weather the yoga will take place in the indoors batting cage area.
The event will cost adults $40 to participate, the goats will come from Aussakita Acres Farm in Manchester. Contact the team before going, the January session is already sold out.