CDVC funds can be structured as for-profit, nonprofit, or "hybrid" organizations in which a for-profit CDVC fund is affiliated with a nonprofit organization.
According to a statement from the Community Development Venture Capital Alliance (CDVCA), an industry group for CDVC organizations, CDVC funds represent one of the "fastest growing sectors of community development finance.
Not unlike their traditional counterparts, CDVC funds seek to invest in businesses with solid business concepts, good management teams and high growth potential.
Unlike traditional venture capital funds, CDVC funds aren't restricted to high-growth areas or a particular stage of business development.
Another difference is that CDVC fund investments are not likely to be industry-specific.
Unlike traditional venture capital funds that seek high returns on higher-risk investments, the financial returns on CDVC funds are usually more modest, with an additional payoff in the forms of community benefits such as job creation or neighborhood stabilization.
Although Sutton is quick to recognize the invaluable service provided by CDVC during the ramp-up, he also stated that "production on the scale of CDVC and production for 2000 blocks and heads a day are totally different ballgames.
We have and will continue to work at CDVC with the refractory coatings.
When CDVC attempted to speed up the fill rate to achieve target cycle times, the result was increased porosity problems with the heads.
Development of the lost foam casting process used to produce the Inline 6 block and head castings began at GMPT's CDVC.
Priem points to the simultaneous engineering effort between the CDVC, product engineering and machining as critical in the development of the castings for production.