CAPCO Programs

A CAPCO Program company, Digium, released a new IP phone that uses Asterisk and Switchvox.

Digium®, Inc., the Asterisk® Company, today announced the addition of the new Gigabit-capable D45 to its family of IP Phones. Digium phones are the only IP handsets that are specifically engineered to fully leverage the power of Asterisk, the world’s most widely adopted open source communications software, and Switchvox, Digium’s award-winning Unified Communications (UC) system. Digium’s D40, D50 and D70 VoIP telephones have shown rapid growth since their introduction. The addition of the D45 expands the range of options for businesses of all sizes by offering a full-featured SIP phone with a dual-port, 1000 Mbps switch at an economical price.

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Check out another CAPCO Program success story from this Alabama company:

Digium®, Inc., the Asterisk® Company, today announced the Digium IP Phone Rental Program for Switchvox Cloud hosted phone service. Ideal for small and medium-sized businesses (SMBs), Digium’s program allows Switchvox Cloud customers to more affordably implement an advanced Unified Communications (UC) phone system by eliminating all upfront hardware costs, including the phones, and combining all services into one, low monthly bill. Additionally, Digium is introducing a free trial offer that lets customers experience Switchvox Cloud with Digium IP phones, completely risk-free. Potential customers can evaluate the hosted service for 30 days with no money out of pocket.
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Wilshire Alabama Partners recently received a CAPCO program investment:

Newtek Business Services, Inc. (Nasdaq: NEWT), The Small Business Authority, announced that its Certified Capital Company (Capco) subsidiary operating in Alabama, Wilshire Alabama Partners, LLC, has received from the State of Alabama official confirmation that it has completed all investment and other requirements under the program and is no longer subject to supervision or regulation because the CAPCO invested 100% of its certified capital in qualified businesses operating in Alabama.  The Company will meet on going reporting requirements and plans to explore the steps for the liquidation and dissolution of the entity.  The Company has now fully satisfied its regulatory obligations in three of the eight jurisdictions in which it has participated.

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Momentum Telecom, based in Alabama, recently received an investment through the CAPCO Program:

For those of us who may have once asked the age-old question, “What’s in a name?” there’s one company in particular that would probably respond, “A whole lot.”

For Momentum Telecom, a leading provider of business solutions for cloud-based communications, the first word in its name, “momentum,” is what defines the company as a one-stop-shop for customers’ business communications needs.

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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.

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Birmingham Business Journal announces the start of Alabama’s CAPCO program and Enhanced Capital Partners’ interest in opening an office in Birmingham:

A new state program that seeks to generate more dollars for startup businesses by giving tax credits to insurance companies that invest in venture capital firms has begun.

Alabama’s CapCo (certified capital companies) program, approved during the recent legislative session and signed into law April 18, was to have started July 1. But the state agency charged with writing the rules that govern the program delayed implementation to give more time for public input.

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The Birmingham Business Journal reports that over the span of ten years, $100 million will be invested through the Alabama CAPCO program:

A long-delayed state program that will provide a much-needed shot of venture capital for Alabama startups is finally under way. The program, signed into law nearly two years ago, provides $100 million in premium tax credits over the next decade to dozens of insurance companies that invest in certified capital companies, or CapCos. The six authorized CapCos, each run by one in-state and one out-of state venture firm, will reinvest the funds in qualified Alabama businesses seeking money to grow.

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