Troy's Community Newsletter

$5 Million Venture Fund Established

T.S. Capital Corporation announced a new venture fund. At a recent meeting of the Capital Region Software Alliance Mr. Trainor gave a presentation describing the newly established fund.

The Troy Savings Bank, a subsidiary of Troy Financial Corporation, has been licensed by the US Small Business Investment Company (SBIC) as a bank subsidiary. The new SBIC has initially been capitalized for $3 million. The bank is committed to adding another $2 million over the next 18 months. The SBIC has already made its first investment in a Saratoga Springs health care service company.

In cooperation with Troy United Ink Corp., a not-for-profit corporation
Items published herein do not necessarily represent the opinions of Troy United Ink Corp., its officers or it's Board of Directors.

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