July 18, 2007 - The Natural Capital Investment Fund, which provides debt and equity financing for small and emerging natural resource businesses, is expanding its operations from West Virginia into Virginia, Tennessee and North Carolina. To date, the program has helped finance 17 businesses in West Virginia in the specialty foods, sustainable tourism, forest products and manufacturing sectors.
With an expanded staff and Board and capital from the Appalachian Regional Commission, Mary Reynolds Babcock Foundation and Calvert Foundation, NCIF will now invest in natural resource-based businesses across all four states, based on a detailed business plan and market analyses. "The NCIF is grateful to ARC, the Ford Foundation and the Mary Reynolds Babcock Foundation for their support of the expansion planning process," said Marten Jenkins, executive director of NCIF. Jenkins also noted he plans to raise $10 million in investment capital for the expansion, in addition to the $2.5 million already devoted to West Virginia business promotion.
December 12, 2007 - This spring, NCIF will be one of three organizations featured in Columbia Business School’s “Financing Social Ventures” course, which analyzes mission-driven groups that are driving for financial self-sufficiency. Teams of students will examine NCIF’s mission and operations and recommend a financing strategy for our expansion. Visit Columbia’s Social Enterprise Program online for more information.
NCIF Portfolio companies are attracting the attention of the media. View the latest news about what these companies are doing. Read more>
BB&T partnered with the Natural Capital Investment Fund (NCIF) to offer the “Taking Care of Business” (TCB) training program (Download PDF - 1.1MB)
Two firsts with one deal
With its investment in Piedmont Biofuels, Inc., NCIF entered the North Carolina market and added renewable energy to its portfolio of industries.
NCIF Partners to Offer New Markets Tax Credit Products
In 2008, NCIF established a formal working partnership with CEI Capital Management, LLC to provide access to New Markets Tax Credit-based loan funds in our four state service area. This partnership represents a unique opportunity to accelerate the development and implementation of triple bottom line projects in rural Appalachia and the Southeast. Read more>
Our donors choose to invest in the Fund because of our commitment to safeguarding their privacy, exceeding industry standards for use of funds, limiting mailings and ensuring gifts directly support conservation.
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