Saturday, March 15, 2014

A Long Island CPA & The Element Of Chance

By Robbie Sutter


Typically, I would never assume that slot machines would be the types of machines used to aid the focus of any Long Island CPA. These are the types of machines that people spend money on for the sake of earning even more money, after all. Considering how leisurely these devices can be, how could anyone assume that they would prove useful for the sake of business? From what I have seen, though, they may prove to be more useful than what most would have expected.

The Washington Post published an article in regards to a system that can help a number of small businesses. Going by the name of "Volt Fund," it's a program that deserves the attention of any Long Island CPA because of how it can take a share of proceeds from any slot machine and apply them to smaller companies owned by minorities and women. To say that this has potential would be an understatement. Companies like CFO Consulting Services should take note of this story and its developments.

It seem as though there have been a number of areas within Maryland that have benefitted from this system since it came into effect. The report talked about how Anne Arundel County has been able to attain a number of commercial loans. Volt Fund has brought them to the surface and it's hard for me to argue with its growth over the years. The system started in 2007 but only in 2012, when it had enough of a financial backing, did it truly come to fruition.

I believe that this system can prove especially useful, considering the cloaked nature that slot machines have. Where does this money go to, I am sure that many of us wonder? Well, with this system put into implementation, it appears as though there is a far greater level of understanding as far as the destinations are concerned. Knowing that these funds will be able to help companies that are attempting to gain ground should be enough of a reason for Volt Fund to earn even more attention.

Volt Fund is not exactly the kind of method that I can describe as conventional. However, does this necessarily mean that it should not have the attention that it has secured as of late? In my opinion, it's a unique idea and the fact that it has been able to come into effect with strong results speaks volumes about the potential that it can have for the sake for the future. Volt Fund has a strong premise and I can only hope that its level of support will become greater.




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