FOR IMMEDIATE RELEASE
October 28, 2024
Washington, D.C. — Capitol Funding Solutions (CFS) is proud to announce a significant milestone in our company’s history: securing over $2 billion in competitive funding for clients in under three years. Since its founding in 2021, CFS has more than doubled in team size, having served more than 100 clients. We have secured individual awards ranging from $2.5K to $750 million, delivering exceptional value to our clients, both large and small. This achievement reflects the CFS team’s commitment to excellence in securing competitive funding, underscoring the effectiveness of our strategic approach to project management and proposal writing.
Celebrating this significant achievement, CFS leadership shared their insights on the key factors contributing to our success.
“Our success over the last few years has outpaced expectations,” said President and CEO Becky Nictakis. “With unprecedented federal funding available, the demand for our services has been overwhelming. I expect that our reputation for excellence and our versatility in serving both private and public sector clients will result in continued growth.”
“The CFS team is a unique group of dedicated, collaborative professionals with a gift for storytelling and an obsession with details and technical proficiency,” said Chief Operations Officer Angie Juban. “They are the key to our tremendous success.”
“At CFS, we don't just write proposals; we partner with our clients to strategically plan and position them for success,” said Executive Vice President of Strategic Planning Matthew Laborde. “Our team-based approach, coupled with our unique insight into funding programs, has driven significant success for our clients."
The company’s launch in November 2021 coincided with the authorization of the Infrastructure Investment and Jobs Act (IIJA), which generated unprecedented funding opportunities for our clients. CFS experienced immediate success in securing federal funding for the private sector through these opportunities, particularly for battery manufacturing companies. Through both rounds of the Department of Energy’s Battery Materials Processing and Battery Manufacturing Program, CFS secured a total of $673 million for its clients. In 2022, the passage of both the Inflation Reduction Act (IRA) and the CHIPS and Science Act further expanded these funding opportunities. Earlier this year, CFS secured over $352 million in Qualifying Advanced Energy Project Credit (48C) program tax credits for clients, with a 100% success rate across the four proposals submitted, and over $1 billion in CHIPS Incentives Program funding for commercial semiconductor fabrication facilities.
"When we formed our partnership with CFS to create a competitive funding practice, we sought to bring new opportunities to our clients and help them achieve their goals,” said Managing Principal & CEO of The Alpine Group, Les Spivey. “We are thrilled that it has been so successful."
Although the IIJA, IRA, and CHIPS Act offered the highest award amounts to the private sector, over half of the awards secured by CFS were for public sector clients’ projects and programs. CFS has won over $70 million for the public sector through government funding opportunities and foundation grants. These funds have bolstered communities through infrastructure improvements, transportation upgrades, economic development initiatives, and youth programming. CFS has won significant awards from highly competitive funding programs, including the Department of Transportation’s Rebuilding American Infrastructure with Sustainability & Equity (RAISE) and Infrastructure for Rebuilding America (INFRA) Programs, and the AARP Foundation’s Community Challenge Grant Program.
“We have had a great experience with CFS and great success,” said Courtney Hornsby, Chief of Staff for the City of West Monroe, LA. “The City of West Monroe is fortunate to have access to a team that can assist us with funding for large-scale projects, all the way down to smaller, more local projects.”
CFS would like to express our sincere gratitude to our clients and strategic partners for their continued trust and collaboration. Their confidence in our ability to secure funding for their projects has been a driving force behind this achievement. We are honored to support their important work and look forward to building on these successes.
As we reach this milestone, CFS remains committed to driving even greater success for our clients while broadening our impact across diverse industries. We are excited to explore new opportunities, innovate our approach, and continue fostering collaborations that create lasting value. The future holds immense promise, and we are eager to embrace the opportunities the next chapter of growth and success will bring.
