Mountain BizWorks of Asheville, North Carolina and the Natural Capital Investment Fund (NCIF) announced in June 2008 that they are working in a joint effort to provide sustainable green businesses with loans up to $300,000. The two organizations hope to support the development and financing of enterprises that promote the sustainable use of natural resources while contributing to appropriate economic development in Western North Carolina.
“We look forward to providing technical assistance and financial support to triple bottom line businesses in our area,” said Greg Walker-Wilson, CEO of Mountain BizWorks. Triple bottom line businesses are those which focus on the importance of social and environmental factors in addition to economic return.
Mountain BizWorks is a not-for-profit organization building economic opportunities through business development and capital. For more information on Mountain BizWorks, visit www.mountainbizworks.org.
Business owners interested in applying for a loan should contact Mountain BizWorks’ loan officer, Brian Griffin at 828-253-2834, ext. 16.
New Investments Announced
This fall the Natural Capital Investment Fund approved new investments in renewable energy and sustainable forestry portfolio companies totaling $649,000.
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>
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