About Us
The Double-Bottom Line
Through targeted financial investments (Equity Fund) and entrepreneurial support (IMPACT-NM Business Growth Services), NMCC produces two primary results:
- Positive social returns as the direct consequence of new job opportunities and a well-trained,
well-compensated workforce in the local community.
- Solid financial returns for our investors.
Background
For years, business and community leaders in New Mexico investigated Community Development Investment Capital (CDIC) mechanisms and their impact on local economies. Following extensive research and deliberation, NMCC was incorporated in September of 2004.
Structure
Our organizational structure consists of three separate entities: a
non-profit 501(c)3 entity, a for-profit investment management
subsidiary, NMCC, LLC which manages our first investment fund, NMCC, LP Fund
1.
Investors
The New Mexico Small Business Investment Corporation, McCune Charitable Foundation, The J.F. Maddox Foundation, and Wells Fargo Bank are lead investors. Along with these lead investors, more than a dozen other state and national financial institutions, foundations, and private individuals have made commitments totalling $14.65MM to our fund.
