News
TruTouch Tech Ready to Grow in 2008
January 07, 2008ABQ Journal Business Outlook Click here to read the entire article.
TruTouch Technologies light-based alcohol measurement devices had their first commercial sales in 2007, with a projected $1.7 million in sales. TruTouch, an NMCC portfolio company, expects continued growth in 2008 with expansion into workplace alcohol testing and identity verification.
Sandoval Gets More Jobs
October 29, 2007ABQ Journal Business Outlook
Aero Mechanical, a New Mexico Community Capital portfolio company that launched operations in Rio Rancho three years ago, plans to hire an additional 100 workers by the end of 2008.
Click here to read the article.
Talking to Oil Wells
October 15, 2007Albuquerque Journal
Albuquerque-based Wellkeeper, whose technology lets remote oil wells "phone" the owners if something goes wrong, received an $850,000 round of of venture capital financing to increase marketing. New Mexico Community Capital led the round with $500,000.
Click here to read the complete article.
Armed and Quick
September 28, 2007New Mexico Business Weekly
Armed Response Team, a New Mexico Community Capital portfolio company, provides a unique alarm response service to the community of Albuquerque.
Click here for this cover page story in the New Mexico Business Weekly.
Accolades for Jackie
September 23, 2007Albuquerque Journal
Jackie Baca, president of Bueno Foods and a member of New Mexico Community Capital's board of directors, has been named Regional Hispanic Business Woman of the Year by the United States Hispanic Chamber of Commerce.
Click here for the rest of the story.
Why Good Advice is Better with Hands-On Help
August 23, 2007Albuquerque Journal
Rural entrepreneurs are talented at their work, but expanding their businesses and creating new jobs is a challenge because they lack both capital and the know-how to expand. New Mexico Community Capital's CEO Jarratt Applewhite explores these issues and how NMCC is working to fill the needs.
Click here to learn more about how NMCC is fulfilling its mission to help rural entrepreneurs.
Feature Article: NMCC Investment Fund
August 01, 2007New Mexico Banker's Digest
New Mexico Community Capital meets equity capital needs within the state for entrepreneurs who may not qualify for traditional loans.
Click here to read the article.
Prepping for Prime Time: Venture firm teaches rural companies how to attract bigger money
June 28, 2007Albuquerque Journal Business Outlook magazine Click here for the story.
This cover-page article describes NMCC's goals and programs, and provides a closer look at how NMCC has worked with one of its portfolio companies, Aztec Machine and Repair in Aztec, NM.
Bingaman announces US Economic Development Administration award to NMCC
June 21, 2007Senator Jeff Bingaman's Office
New Mexico Community Capital will receive $350,000 to support the establishment of IMPACT-New Mexico, a technical assistance program offering sustainable business services and entrepreneurial assistance to high-potential companies in rural communities in the state.
Click here to read the entire press release.
NM Community Capital investment fund closes at $14.65 million
June 12, 2007New Mexico Business Weekly
New Mexico Community Capital made its final close on its first investment fund this month, with a total of $14.65 million now in the fund.
Click here for the rest of the story.
NMCC Board Member Receives Trailblazer Award
May 01, 2007Pacific Community Ventures Newsletter
Pacific Community Ventures (PCV) President and Co-Founder Penelope Douglas received the Community Financial Resource Center’s (CFRC’s) Trailblazer Award at its annual Power Luncheon in Los Angeles on March 27th. Ms. Douglas is a member of NMCC's board of directors.
To read the article, click here.
Jim McNally & Tom Keleher TV Interview
April 10, 2007Eyewitness News 4 Midday
Jim McNally, President and CEO of TruTouch Technologies, and Tom Keleher, Managing Director at New Mexico Community Capital (NMCC), appeared on Eyewitness News 4 Midday. TruTouch Technologies is a portfolio company of NMCC.
To watch the video, click here.
GKM Newport invests in NMCC Fund
March 29, 2007 International fund manager GKM Newport has contributed $2 million to New Mexico Community Capital's first investment fund. The New Mexico Small Business Investment Corp. (SGIC) also made a new contribution of $500,000, bringing the total in the fund to $11.5 million.Click here to read the entire story.
McNally: A true belief in passion, perseverance
February 23, 2007New Mexico Business Weekly
An interview with Jim McNally, President and CEO of TruTouch Technologies, a New Mexico Community Capital portfolio company. This article profiles McNally and the success of the company.
To read the complete article, click here.
MIOX gets a $14.5M private equity boost
January 26, 2007New Mexico Business Weekly
MIOX Corp. will receive both capital and international marketing assistance from New Mexico Community Capital (NMCC). MIOX, an NMCC portfolio company, offers an environmentally friendly, low-cost method of purifying water.
To read the complete story, click here.
NMCC Touts VC with a Social Bent
January 12, 2007New Mexico Business Weekly
Sometimes a bit of good advice is better than hard cash. That's what Wid Slick--owner of the Plaza Hotel in downtown Las Vegas (NM)--got when he asked New Mexico Community Capital last year for money to expand his business.
To read the rest of the story, click here.
TruTouch Invention Named A
November 13, 2006Time Magazine
TruTouch Technologies' infrared alcohol test was named as one of 2006 's Best Inventions by Time Magazine. TruTouch Technologies is a New Mexico Community Capital portfolio company.
To read the rest of the article, click here.
Using Infrared To See If You're Lit
July 02, 2006Business Week
A new non-invasive device promises to check blood alcohol levels in 90 seconds....by shining a harmless beam of infrared light on the skin of the forearm.
Read the article, .pdf or
html.
Rural Entrepreneurs Need More Than Good Advice
July 01, 2006Community Development Investment Review
Rural entrepreneurs are talented at their work, but growing their businesses and creating new jobs is a challenge because they lack both capital and the know-how to expand....
Click here to read the rest of the article.
Albuquerque technology company receives research grant
June 15, 2006New Mexico Business Weekly Read more,
.PDF (84 kb) or
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TruTouch Technologies Inc. in Albuquerque has been awarded $218,000 as part of a Small Business Innovation Research grant to assist in research involving the measurement of blood alcohol. "The TruTouch research has the potential to develop a method of blood alcohol testing that will dramatically increase the health safety of law enforcement and treament center employees," says Sen. Pete Domenici, R-NM, in the release.
Venture capital firm casts gaze on southern NM
April 23, 2006Brook Stockberger, Sun - News Business Editor
Do you have a company that is up and running, in pretty good shape, but without enough money to expand?
Well, New Mexico Community Capital would like to hear from you.
Based in Santa Fe, New Mexico Community Capital is a venture capital fund that has about $9 million on hand and is looking to invest in New Mexico businesses.
Read More,
.PDF (88 kb) or HTML
Venture Capital Helps Desert Power to Grow Strong
October 16, 2005Dorothy Nobis - Journal Editor
"Putting our capital to work in New Mexico to help a business grow, create jobs, and increase commuity wealth is the one key purpose of our fund," said Applewhite, chief executive officer of NMCC. "Making this first investment is a transformative event for us, in many ways even more important than closing the fund."
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More, .PDF ( kb) or HTML
Former head of UNM fundraising signs on with NMCC
October 10, 2005NMBW Staff
Leslie Elgood, former director of development at the Unversity of New Mexico will serve as onprofit advisor for New Mexico Community Capital, a community development venture capital fund formed in 2004 to invest in small or expanding businesses in New Mexico.
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.PDF ( 144 kb) or HTML
Capital Thinking: Fund set up to provide mid-level investment to fledgling businesses has made first loan
September 24, 2005Bob Quick, Business Editor
With the help of an investment from Santa Fe-based New Mexico Community Capital, Desert Power, a fast-growing Farmington natural-gas service company, was able to buy more equipment. That will eventually result in additional employees.
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More .PDF (192 kb) or HTML
Company Looking to Invest
August 02, 2005Eric Butler, CNJ corresponent
Got a thriving small business with a potential to grow? Maybe even by leaps and bounds? Then New Mexico Community Capital CEO Jarratt Applewhite is looking for you. For the third time since NMCC was formed in November, Applewhite was in the Clovis/Portales area looking for businesses to invest some of its approximate $8 million in available capital.
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.PDF (64 kb) or HTML
Lead investors up their ante in NMCC
July 06, 2005Clay Hotzman, NMBW Staff Writer
The two lead investors in the state's first community development venture capital fund have upped their commitments
to the fund, which principals say they hope will eventually close at $10 million.
Wells Fargo Bank (NYSE: WFC) has increased it commitment to New Mexico Community Capital (NMCC) by 50
percent, to $750,000. And the New Mexico Small Business Investment Corp. (NMSBIC) has agreed to match, dollarfor-
dollar, all investment commitments that are made between now and when the fund closes at $10 million.
Read More, .PDF (120kb) or HTML
Fund Seeks Social Returns
May 22, 2005Andrew Webb of the Journal
TECH BYTES: New Mexico Community Capital, a statewide venture fund seeking both financial and social returns, became official this month.
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NM Community Capital announces initial close of $7.5 million
May 17, 2005Clay Holtzman, NMBW Staff
A new venture fund focused on community development has announced its initial close at $7.5 million and fund managers say that total will likely increase.
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Venture Fund Hires Thomas F. Keleher
January 27, 2005Clay Holtzman, NMBW Staff
New Mexico Community Capital, a non-traditional venture fund that aims to help entrepreneurs by investing equity capital in their businesses, announced this week it has hired a fund manager and chief financial officer.
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Community Venture Fund to Spread Investments Statewide
December 02, 2004Clay Holtzman, NMBW Staff
A new venture fund expected to close early next year plans to make equity investments in underserved areas of the state with a dual goal: financial returns for the fund and a positive social impact on the recipient community.
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