Category: Local Incentives, Business Expansion
AGENCY: New Mexico Community Capital
DESCRIPTION: New Mexico Community Capital’s mission is “to improve the lives of New Mexicans, particularly those in rural and economically under-served areas, by investing in New Mexican businesses, helping those companies prosper, and contribute to their communities.”
• The average investment of NMCC is $500,000 to $1m targeted at businesses with sales of at least $500,000, with a positive cash flow and sales growth, experienced management, and at least five full time employees.
• 40% of investment is targeted outside the Rio Grande corridor.
• NMCC looks for underserved businesses and communities with businesses in light manufacturing, ?consumer business & services, consumer products, food processing, artisan and tourism, and sustainable energy and environmental remediation.
• For more information, visit the website at www.nmcap.org, call (505) 924-2820.