NMCC Receives Additional $1.3 Million in Investment for Second Close
November 15, 2005
Santa 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.
"We're excited to expand the fund to include these new investors. Their enthusiasm for what we are doing and commitment to job creation and community development in New Mexico provides support for our work that goes above and beyond their financial contribution," says Tom Keleher, NMCC's Managing Director.
Larry Cheek, Executive Vice-President of First National Bank of Santa Fe says, "New Mexico Community Capital has demonstrated to us that they are committed to achieving social goals in a creative, dynamic and fiscally responsible way. We look forward to our partnership with them as investors and advocates of New Mexicans."
"We are very supportive of economic development efforts within our state, and we like New Mexico Community Capital's vision. What better way to create quality jobs in our state than to invest in New Mexico based companies that are trying to expand!" says, T. Greg Merrion, President and CEO of Merrion Oil & Gas.