CAPCO Programs

EnviRelation will be expanding its business with the $100,000 investment it was awarded from winning the DC Business Plan Competition:

EnviRelation, a District-based environmentally sustainable food composter and winner of the 2010 Washington, DC Business Plan Competition, today secured an investment of $50,000 from Advantage Capital Partners and $50,000 from Enhanced Capital Partners via the District’s CAPCO Program. These funds will be used to expand this young business and position it for future growth.

“We appreciate the recognition and support that this investment brings to our innovative company. This exciting opportunity to grow our business would not have occurred but for the Washington, DC Business Plan Competition and the District’s small business investment tax credit program, known as CAPCO,” said Walker Lunn, Founder and CEO of EnviRelation. Lunn continued, “Working capital from commercial banks is not readily accessible for small but fast-growing companies like ours, and the District is fortunate to have a CAPCO program that it is specifically designed to provide access to capital to District-based businesses in need of funds to grow.”

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EnviRelation was this year’s winner of the Business Plan Competition:

A $100,000 Prize and an inspiring keynote address headlined the 3rd Annual Small Business Awards today sponsored by the Washington, DC Economic Partnership (WDCEP).

Andrew Florance, Founder, Director, President & CEO of CoStar Group, Inc , the soon to be District-based real estate information leader, delivered the program’s stirring keynote address before an audience of 170 business and political leaders.  Florance spoke about the importance of this city as both a place to foster small business and leverage the federal nexus. Florance was introduced by Deputy Mayor Valerie Santos who praised his commitment to DC.

The presenting of the $100,000 Business Plan Competition Prize was the capstone of the morning program as EnviRelation, a local food waste recycling company, took the stage as this year’s winner.  In addition to being eligible for a $100,000 CAPCO investment, EnviRelation will receive $10,000 in pro-bono legal advice from Venable, LLP.  EnviRelation follows in the footsteps of the 2009 Business Plan Competition winner, Affinity Lab, who used the investment to open a second shared work space venture.

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