CAPCO Programs

Small businesses can turn to their local CAPCO programs for funding:

Fostering new businesses in your county (with their new tax revenue potential) is obviously a much better way to deal with state budget cutbacks and dwindling local revenues than increasing taxes or cutting services or both. And it doesn’t necessarily take a new automobile assembly plant in your community to turn the revenue slide.

For most counties, small businesses are the economic engines for their communities. The National Association of Small Business Owners reports that small businesses employ 51 percent of private sector workers; provide two-thirds to three-quarters of the new jobs; and represent 96 percent of all exporters of goods.

Read more »

Enhanced Capital Partners and Advantage Capital Partners, DC CAPCO investment firms, awarded the winner of the PremierPlan business plan competition, Affinity Lab, $100,000:

Enhanced Capital, a national private investment firm participating in the District’s CAPCO program, is happy to announce that Affinity Lab is the winner of the 1st Annual PremierPlan business plan competition. Enhanced Capital, in conjunction with Advantage Capital Partners, awarded Affinity Lab with a $100,000 check at the Washington, DC Economic Partnership (WDCEP) 2009 Small Business Awards and PremierPlan Business Plan Competition dinner.

Read more »

 Enhanced Community Development, LLC will provide loans and equity investments to businesses in underserved areas thanks to this $60 million allocation:

The United States Department of the Treasury announced today that Enhanced Community Development, LLC has been selected to receive a $60,000,000 allocation under the New Markets Tax Credit (NMTC) Program administered by the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund. Enhanced Community Development, LLC is a subsidiary of Enhanced Capital Partners, Inc. It will principally use its tax credits to provide loans and equity investments to businesses, including not-for-profit organizations, located in low-income communities in New Orleans, New York State and the District of Columbia.

Read more »

The DC CAPCO program has exceeded expectations and Advantage Capital Partners, Enhanced Capital Partners and Wilshire DC Partners continue to invest in start-up companies:

The District’s CAPCO program, a $50 million venture fund dedicated to Washington-based startup companies, has invested nearly $14 million in 11 companies since the program’s launch 18 months ago. While the program has far exceeded its initial goal of investing 20 percent by May 2007, it has only added one new company to the CAPCO portfolio in the last six months.

Read more »

Through the New York CAPCO program, Advantage Capital Partners was able to invest in ThreadSmith:

Advantage Capital Partners, a leading venture capital and small business finance firm, has announced participation in a $1 million funding round for ThreadSmith, a custom embroidery retail and online store located in Vestal, N.Y. The funding, raised in connection with the New York Certified Capital Company (CAPCO) program, will be used for working capital, sales and marketing needs.

Read more »

Through the Colorado CAPCO program, Advantage Capital Partners was able to invest in Natural Cleaners Colorado:

Advantage Capital Partners, a leading venture capital and small business finance firm, today announced a $1.9 million investment in Natural Cleaners Colorado LLC, a dry cleaning business utilizing environmentally friendly cleaning processes.

Advantage Capital’s investment, made in connection with Colorado’s Certified Capital Company (CAPCO) program, will be used to form two new natural cleaning operations in Grand Junction and Steamboat, with possible future expansion to other locations throughout the state. A centralized plant in each location will service a number of drop stores providing maximum neighborhood coverage and customer convenience.

Read more »

Through the Washington, DC CAPCO program, Advantage Capital Partners was able to invest $500,000 in NuAmerica Bank:

Advantage Capital Partners, a leading investor in the Washington, D.C., Certified Capital Companies (CAPCO) program, has invested $500,000 in NuAmerica Bank, a proposed community bank that seeks to provide banking services to small businesses and professionals in the Washington, D.C. metropolitan area. Advantage Capital is the first institution to invest in NuAmerica’s initial fundraising round, which aims to secure $20 million in capital this year.

Read more »

Through the CAPCO program, Advantage Capital Partners and Enhanced Capital Partners invested in ARC Solutions, Inc, located in Washington, DC:

Advantage Capital Partners and Enhanced Capital Partners have invested $2 million in ARC Solutions, Inc.,an association management software company in Washington, D.C. The fundswill be used to support continued growth.

“Advantage and Enhanced Capital believe in the value of our True On-Demand product for member-based organizations and have given us the financial ability to ramp up our efforts to reach more customers and accelerate our business expansion,” said Andrew Ryan, founder and chief executive officer of ARC Solutions.

Read more »