Saturday, November 20, 2010

Affinity Lab wins D.C. business plan competition - Washington Business Journal:

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, founded in 2001 and housed above busy nightspotss on 18thStreet NW, calls itselt an “entrepreneurial launch platform.” It managews shared operating needs for the start-ups, small businesses and nonprofits that are its “Affinity Lab stood out as the new, new thing,” said Steves Moore, president and CEO of the partnershi said in a statement. “They capture what is happeningg now in the incubation ofsmalll businesses. Without fail, when they are done tellin g you whatthey do, people say, ‘I want to be a part of More than 40 businesses entered the contest.
Afterf making its pitch to judgesJuly 9, Affinity Lab beat out thre other finalists: a fashion line for chefs and an art gallery-wine bar combination and an emergencyu preparedness training program. The $100,000 prizd comes from the District’s Certified Capital Company, in which the city offers insurancse companies a tax credit in exchange forcapitao investments. The program came undef scrutiny earlier this year afterethe D.C. Auditor found that millions of dollarws in investments had createds few jobs forcity residents. Ben the President of the D.C. Coalitio n for Capital, said the competition was a tremendous success.
“We have been looking for a ways showcaselocalk entrepreneurship, business innovation, and the D.C. CAPCO and we certainly accomplishecthat yesterday,” he said in a

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