DISB Promotes CAPCO and Surety Bonding for Small Businesses

(Washington, DC) The DC Department of Insurance, Securities and Banking (DISB) will host a joint seminar with the Surety Association of America to introduce two important tools for DC’s small business development—CAPCO and surety bonding.  The breakfast seminar will be held at the Washington, DC Economic Partnership on Thursday, December 8, 2005, from 8:30 am to 10:00 am.  The event is free and open to the public. 

The DC Certified Capital Companies (CAPCO) program is a new economic development tool administered by DISB to provide growth funds to promising local small businesses.  Participants will learn how to qualify for CAPCO and surety bonding for small businesses to grow and compete for bigger opportunities.

What:		CAPCO and Surety Bonding—Tools for Small Business Growth
When:		8:30 am–10 am Thursday, December 8, 2005
Where:		Washington, DC Economic Partnership (formerly Washington, DC Marketing Center) 1495 F Street, NW (corner of 15th and F Streets, Metro Center stop) Washington, DC
Who:		Tom Hampton, Acting Commissioner, Department of Insurance, Securities & Banking Lynn Schubert, President, Surety Association of America CAPCO fund managers, surety bond underwriter and agent

The event is sponsored by the Washington, DC Economic Partnership and the DC Coalition for Capital. 

For media inquiries, please contact Lily Qi, Public Information Officer, DC Department of Insurance, Securities and Banking at (202) 442-7820 or lily.qi@dc.gov.  To register for the event, please contact Lucy Drafton at (202) 442-7775 or lucy.drafton@dc.gov.