Organizational History and Purpose
New Mexico Community Capital is an award-winning organization dedicated to providing knowledge and capital to help high-potential, high-growth and NM-based businesses.
Incorporated as a 501(c)3 organization in 2004, NMCC currently manages the NMCC Fund I, L.P. a $14.65 million fund. NMCC Fund l operates as a “Double Bottom Line” venture capital fund. Our strategy is to invest in New Mexico companies that can deliver market-rate returns while creating social and economic improvement in the regions in which they operate. We accomplish this by investing in businesses with growth potential and by providing a level of operational expertise to help them create additional value. NMCC adheres to a strict investment discipline honed over 75 years of collective experience while at the same time leveraging public, private and not-for-profit resources to the benefit of community and economic growth.
NMCC targets investments focused on basic human needs: water, energy, food/agriculture, and health – all areas where the investment team has deep experience and markets in which New Mexico holds a competitive leadership position.
NMCC, through its non-profit parent, also provides capacity-building services that are distinct from our investment activities. IMPACT-NM delivers an array of expertise ranging from finance to marketing and product development. IMPACT-NM focuses on helping businesses develop a clear vision and growth plan. We then help them translate this vision into specific, measurable and realistic action steps.
The advantages offered by NMCC’s unique organizational structure, allow us to develop partnerships that we believe will nurture future economies. This has spurred formal engagement with Native American tribes because they offer enormous opportunity and leadership for this vision.
Over the past seven years, thanks to the support of many partners, NMCC has:
- invested over $8 million in New Mexico companies who have hired or retained 261 employees;
- brought specialized business expertise and education to over 500 small businesses;
- provided more than 600 well-paying jobs for residents of lower income areas, primarily lower wage workers who though our efforts are earning a higher wage and are more likely to have access to health care than their counterparts at similar companies; and,
- provided business and management education to more than 1,000 high-potential entrepreneurs to improve their ability to attract financing needed for accelerated and long-term growth.
NMCC employs a team of service-oriented, highly qualified professionals whose work is complemented by a cadre of high-level business consultants. A nine-member national Board of Directors oversees the organization, an 11-member Regional Advisory Board provides regional insights, referrals to potential clients, funders and partners, and an Investment Committee and Investment Managers oversee our investment decisions.