Investments lead to job creation

August 19, 2015
in Category: Business
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Investments lead to job creation

Economies run by spending, and availability of opportunities that earn people income. The access to jobs in a country is necessary for economic growth and development. While other governments opt to give jobs, some want to fund corporations that can create jobs. All the methods are proven to work, but it depends on the option the authorities choose.
DC Mayor Anthony Williams and several government officials recently celebrated the launch of the CAPCO program. The program aims at providing a tax credit to insurance companies in exchange for availing long-term equity and debt. The funds are meant to assist start and expand small businesses in DC. The program aims at creating jobs, improving venture capitalism and attracting out-of-state companies to Washington. To date, three organizations have certification to provide a sum of $50 million in loans and equity over the next ten years.
Founded in 1992, Capital Partners is currently present in over 11 States. They invest in entrepreneurs that reside in communities that face a shortage in the traditional sources of funding. Additionally, they have a strong and successful track record due to the proper management of the public-private partnerships. Throughout their operations, they have seen the creation of thousands of jobs, and channeled billions of dollars to the communities in the states. Apart from providing capital, they offer financial advice to business owners. The advice is on entrepreneurs that show potential to be a superior and those that have a high impact on the society. It forms the basis for measuring the success of the program.
On May 7, 2012, Enhanced Capital got into an agreement with Washington Area Community Investment Fund. They provide funding to small businesses operating with low and moderate income earning communities. The objective of the partnership is to empower small business and create job opportunities within the communities. The strategy is to provide loans that shall be increasing the amount in the future years. The low-income areas of Washington have had the scarcity of loans for businesses that target to expand. Therefore, the strategic partnership between the two organizations in the CAPCO programs is a positive step in achieving economic empowerment.
Wilshire DC Partners provide loans to begin grow and manage businesses in the District. They are distinct from many lending organizations by how they diversify products and services. Additionally, they have a customer-friendly process. The proceeds are used in the following ways; Expand business, purchase of equipment, leasehold improvements and purchase of owner occupied real estate. They are preferable due to their flexibility in lending.