Venture Capital with a Soul
A contradiction in terms? Not at NEW MEXICO COMMUNITY CAPITAL, a tax-exempt organization created specifically to assist rural and economically under-served companies in New Mexico…and nowhere else!
When New Mexico Community Capital was launched in 2004, it was designed to make a difference to New Mexico’s rural and economically under-served communities, a vision close to the heart of NMCC CEO Jarratt Applewhite. To read the entire press release, click here.
New Mexico Community Capital Names 2008 Officer, New Members
Bernalillo, NM - February 27, 2008 - New Mexico Community Capital (NMCC), the state's sole community development investment organization, today announced the officers of its 2008 board of directors and members elected to the board for two-year terms. To read the entire press release, click here.
New Appointments Support Investment Fund, Business Services Growth
Bernalillo, NM - February 21, 2008 - New Mexico Community Capital (NMCC), the state's sole double bottom-line investment organization, today announced the addition of three staff members: Tammy McCarty, Chief Financial Officer; Annette La Pietra, Financial Administrator and Sr. Project Manager; and Zach Grafe, Analyst. To read the entire press release, click here.
Wellkeeper Announces $850K in Investment from New Mexico Community Capital & Other Investors
Albuquerque, NM - October 9, 2007. Wellkeeper, Inc. announced today the closing of $850,000 in investment, including $500,000 from New Mexico Community Capital. To read the entire press release, click here.
New Mexico Community Capital Fund Leads $750K Investment in Unique Alarm Response Service
Bernalillo, NM - September 27, 2007. New
Mexico Community Capital, the state's sole double bottom-line investment organization, today announced leading an investment of $750,000 in Armed Response Team (ART), an alarm response service business. To read the full press release, click here.
USHCC Announces Regional Hispanic Leadership and Business Excellence Award Winners
Washington, DC - September 4, 2007. The United States Hispanic Chamber of Commerce (USHCC) announces the regional winners of the USHCC Regional Hispanic Leadership & Business Excellence Awards. Jacqueline Baca, President of Bueno Foods and a member of New Mexico Community Capital's Board of Directors, was named regional award winner for Hispanic Businesswoman of the Year. To read the full press release, click here.
New Mexico Community Capital Fund Closes at $14.65MM
June 11, 2007 Bernalillo, NM - New
Mexico Community Capital (NMCC) announced today
that its Investment Fund has received $2MM of new capital from a Native
American tribe. This is the first double bottom-line investment made by
the tribal entity. To read the full press release, click PDF or HTML.New Mexico Community Capital Announces New Appointment
May 9, 2007 Bernalillo, NM - New Mexico Community Capital (NMCC) announced today that John R. Rice has been named President of its IMPACT-New Mexico Business Growth Services. To read the full press release, click PDF or HTML.NMCC Receives Federal Community Development Financial Institution Certification
April 13, 2007 Bernalillo, NM - The Community Development Financial Institutions Fund recently certified New Mexico Community Capital as a Community Development Financial Institution (CDFI). CDFIs focus their work on helping traditionally underserved or disadvantaged individuals and communities. To read the rest of the press release, click PDF or HTML.International fund Commits $2MM to New Mexico Community Capital to Create Social and Economic Returns
March 27, 2007
Bernalillo, NM - GKM Newport, an international fund manager,
announced this month that they made a $2MM investment in New Mexico
Community Capital (NMCC). With this investment and an additional
investment from the New Mexico Small Business Investment Corporation
(NMSBIC), the fund will grow to $11.5MM. To read the rest of the press release, click PDF or HTML.
New Mexico Community Capital Names 2007 Officers, New Member
March 9, 2007
Bernalillo, NM - New Mexico Community Capital, the state's sole
community development investment organization, today anounced the
officers of its 2007 board of directors. Owen Lopez, Executive Director
of McCune Charitable Foundation was elected Chairman. Jacqeline Baca,
President and CEO of Bueno Foods, was elected Secretary, and Richard
Harding, Managing Partner of International Venture Fund, was elected
Treasurer. Andrew Baca, President and CEO of Abba Technologies in
Albuquerque, was elected as a member of the board of directors. To read more, click PDF or HTML.New Mexico Community Capital Invests $500,000 in Rio Rancho Business
January 17, 2007Bernalillo, NM - New Mexico Community Capital, the state's sole double bottom line organization, today anounced an investment of $500,000 in Aero Mechanical Industries, Inc. (AMII), a Rio Rancho-based aeronautical repair company currently employing over 50 employees. AMII expects to nearly double sales in 2007 and increase the workforce by 30 to 40 employees. To read more, click PDF or HTML
Business Strategist & Successful Entrepreneur Bring Expertise to New Mexico Community Capital Team
May 08, 2006Bernalillo, NM - New Mexico Community Capital (NMCC) announces the
addition of Susan Burgess, PhD and Richard (Rich) Murray, who will be
responsible for helping promising small enterprises develop workable
business strategies and plans to move towards economic sustainability. Read
More PDF or HTML
New Mexico Community Capital Relocates to Bernalillo
April 20, 2006Santa
Fe, NM - New Mexico Community Capital (NMCC) recently relocated their
offices from Santa Fe to the historic town of Bernalillo. "We are
excited to be a part of the dynamic Bernalillo scene," said NMCC CEO
Jarratt Applewhite." We moved to this vibrant rural community because
it feels like home and reflects our commitment to put our capital to
work in under-served locales."Read
More PDF or HTML
NMCC Receives Additional $1.3 Million in Investment for Second Close
November 15, 2005Santa Fe, NM - New Mexico Community Capital announced today that 4 new
investors have joined its investment fund and 2 investors have increased
their participation bringing the total investment up to $8.8 million. The
new investors include First National Bank of Santa Fe; Messengers of the
Healing Winds, a New Mexico based private foundation; Merrion Oil and Gas,
based in Farmington; and a private individual. Wells Fargo Bank also
increased its investment and the New Mexico Small Business Investment
Corporation (NMSBIC) has agreed to match the new investments. Read More PDF or HTML
NMCC Invests in TruTouch Industries, Inc.
November 10, 2005Albuquerque, NM - New Mexico Community Capital announced today that it
has made its second investment since the close of its fund last May. NMCC
was part of a consortium of investors in TruTouch Technologies, Inc., an
Albuquerque-based company that has developed a non-invasive blood-alcohol
testing device based on near infrared spectroscopy, which also features
biometric identity verification capabilities. Read More PDF or HTML
Leslie Elgood, Former Director of Development and President of University of New Mexico Foundation Joins NMCC as Nonprofit Advisor
October 10, 2005 Santa Fe, NM - New Mexico Community Capital announced today that Leslie Elgood has agreed to serve as its Non-Profit Advisor. Ms. Elgood has over 24 years hands-on fundraising and management experience within higher education, cultural organizations, social services, religious, and health care agencies. Her responsibilities are to develop NMCC's non-profit operations including its community development projects, fund-raising, communications and partner relationships. Read More .PDF (75 kb) or HTMLNew Mexico Community Capital Invests in Energy Industry Servicing Firm
August 31, 2005Santa Fe - Farmington, NM. New Mexico Community Capital (NMCC) announced
today that it has closed its fund's first investment. The investment will go
to Desert Power, a rapidly growing Farmington based firm, which provides
equipment overhaul and repair services to the natural gas compression
industry. Read More, .PDF
(61 kb) or HTML
Shyla Sheppard Joins NMCC
August 16, 2005Shyla Sheppard joins New Mexico Community Capital (NMCC) as a Fund Analyst. Her responsibilities include research and analysis on companies for potential investment by NMCC. Shyla will meet company executives, conduct research on market opportunities and competition and will manage data on NMCC portfolio companies. Read More, .PDF ( 68 kb) or HTML
Wells Fargo, NMSBIC Increase Investment in NMCC
June 27, 2005Santa Fe - In a show of confidence in New Mexico's first Community
Development Venture Capital fund, two lead investors have substantially
increased their financial commitment. Read More, .PDF (56
kb) or HTML
NMCC Announces Initial Fund Close
May 18, 2005Santa Fe - New Mexico Community Capital (NMCC) achieved the first close of its Fund on Monday the 16th of May with an initial investment amount of $7,5 million. The Fund will remain open for investment through the end of the year. The New Mexico Small Business Investment Corporation (NMSBIC) will provide a 1:1 match for additional investments up to $1.25 million. Read More, .PDF (83 kb) or HTML
New Mexico Community Capital Hires Operations Manager
February 24, 2005Santa Fe - New Mexico Community Capital announced today that it has hired
Jyl Safier as its Operations Manager and Director of Communiations. Ms.
Safier is responsible for planning and directing all aspects of NMCC's
operational and organizational policies, objectives, and initiatives in
order to ensure optimization for NMCC's organizational development function.
Read More, .PDF (5 kb) or HTML
NMCC Hires Managing Director/CFO
January 26, 2005
Santa Fe - New Mexico Community Capital today announced that it has hired
Thomas F. Keleher as its Managing Director and Chief Financial Officer of
its first fund. Mr. Keleher is a fourth-generation New Mexican who
lives in Corrales with his with wife and two children. Read
More, .PDF (116 kb) or HTML