Christopher Madrid Recognized for Work to Help Small Business and Grow Economy
Bernalillo, New Mexico - Christopher Madrid, Vice President of IMPACT-New Mexico, a program of New Mexico Community Capital has received the USDA's Best Practices Award for Economic Development. The award, recognizes individuals or organizations that exhibit best practices and contributes greatly to the economic development of their communities and New Mexico, was received at Thursday's New Mexico Infrastructure Finance Conference (IFC) at Isleta.
"I am honored to receive the USDA's small business award," said Madrid. "Over 80 percent of the new jobs in our state are created by small business owners. It is my honor to serve them. " In his work with IMPACT-NM, Madrid provides "in the trenches," hands-on" client mentoring and critical customized assistance for performance improvement so that small businesses are ready and able to use financing (bank, micro, SBA, etc.) effectively for growth, job creation and performance. He also helps to manage LINK for Northern New Mexico Connect. LINK uses a community's own networks and resources to harness social capital for entrepreneurs. It serves small businesses, start-ups and entrepreneurs working in Rio Arriba County. It is affiliated with the Taos Entrepreneurial Network (TEN) and GEN in San Miguel County, as well as other network facilitation efforts which are taking root in New Mexico.
Previously, Madrid served as facilitator of the Taos Entrepreneurial Network (TEN). Raised in Northern New Mexico, Christopher went on to receive his Undergraduate and Law Degrees from UNM after serving a tour of duty in the Marine Corps. He practiced law in Santa Fe and later served as a prosecutor for several years until he was accepted to and finished the University of Texas MBA program.
To read the entire press release in PDF format, click here.
NEW MEXICO COMMUNITY CAPITAL NAMES J. MICHAEL SCHAFER AS MANAGING DIRECTOR
Bernalillo, NM, August 19, 2009 - New Mexico Community Capital is pleased to announce the addition of Michael Schafer as our new Managing Director. He began his new duties on Monday August 17th.
Michael is an experienced equity investor, fundraiser and manager with exceptional skills and energy. He previously served as General Partner and Principal with the venture capital firm of Tullis-Dickerson & Company (Greenwich, Connecticut). While at Tullis-Dickerson, Michael established and directed the firm’s New Mexico operations, including sourcing, negotiating and managing investments in New Mexico and California. His long-standing contacts in the New Mexico and southwestern US business communities augment his extensive private equity business relationships.
Michael left Tullis-Dickerson in 2002 to become the Founder, President and Managing General Partner of Ventures UNC, the venture capital arm of the $1.4 billion asset management group of the University of North Carolina’s endowment. His previous experience includes directing business development activities at SunPharm and founding/managing The Woodlands Venture Partners.
In his position as Managing Director of NMCC’s Fund I, Michael leads the Fund’s investment activities, directs portfolio company support, interfaces with the Fund’s limited partners, supervises the staff activities and directs the day-to-day operations of the Fund. He also assists in NMCC’s overall strategic growth.
"Like any business-equity capital investor, we want to put our money to work in good opportunities that help New Mexico,” said Leslie Elgood CEO of NMCC. “Michael’s extensive experience in investor relations and financial management will help bring NMCC to a new level of success and we are very excited to have him officially join our team." To read the entire press release in PDF format, click here.
2009 Analysis of State’s Entrepreneurial Ecosystem
Bernalillo, NM - May 26, 2009 - Despite the tough economy, New Mexico is making some progress in some key measures of entrepreneurship, according to a recently completed market research effort targeted at identifying strengths and gaps in the New Mexico entrepreneurial ecosystem. The purpose of the New Mexico Ecosystem Report was to objectively examine the New Mexico ecosystem from an economic and entrepreneurial perspective and determine existing strengths and persistent gaps. It was funded and published by the McCune Charitable Foundation and New Mexico Community Capital. To read the entire press release in PDF format, click here.
MIOX® Mixed-Oxidant Systems Receive Japan Water Works Association Certification
Albuquerque, NM - May 20, 2009 - MIOX Corporation, a leader in on-site generation of hypochlorite and mixed oxidants for water disinfection, announced the company’s small, medium and large mixed-oxidant generators received certification from the Japan Water Works Association (JWWA) through a partnership with Sojitz Corporation, one of the largest trading companies in Japan. The MIOX systems are the first on-site generators certified by JWWA. To read the entire press release in PDF format, click here.
Kristin Martinez to Become First Entrepreneur-in-Residence at New Mexico Community Capital
Bernalillo, NM - March 2009 - Most people would consider a career like Kristin Martinez’s enough for one lifetime. But the serial entrepreneur is joining New Mexico Community Capital as its first Entrepreneur-in-Residence. Her new role became effective March 5, 2009. To read the entire press release in PDF format, click here.
New Mexico Community Capital Invests in Natural Building Product Business
Bernalillo, NM - July 30, 2008 - New Mexico Community Capital, the state's sole double bottom-line investment organization, today announced an investment in American Clay Enterprises, a New Mexico business providing natural wall finish products for commercial and residential interiors. The investment in American Clay – a prominent addition to NMCC’s six existing portfolio companies – will be used to accelerate this fastgrowing Albuquerque-based company. American Clay currently employs 15 individuals and that number is expected to increase. To read the entire press release in PDF format, click here.
Economic Development Department Launches Online Calendar of Statewide Economic Development Events
SANTA FE, NM - April 14, 2008 - The Economic Development Department today launched the state’s first online calendar (www.edcalendar.org) to include a full range of economic and community development events occurring within the entire state of New Mexico. The interactive online calendar is geared towards professionals who are hosting business, academic or economic and community development events, or are interested in attending such events anywhere in New Mexico. To read the entire press release in PDF format, click here.
New Mexico Community Capital Leads $750K Investment in Unique Alarm Response Service
Bernalillo, NM - March 18, 2008 - New Mexico Community Capital, the state's sole double bottomline investment organization, today announced leading a follow on investment of $500,000 in Armed Response Team (ART), an alarm response service business. This is the second investment by NMCC in the fast growing security response company, the first being in 2007. NMCC's investment will be used to continue to accelerate this fast-growing Albuquerque-based company. To read the entire press release in PDF format, click here.
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