Transcript WV Fish Health Certification: Results of Year 1

Overview
www.ncifund.org
For:
CDFIs and Triple Bottom Line Investing
2008 CDFI Institute, Washington, D.C.
March 14, 2008
For more information contact:
Marten Jenkins l [email protected] Phone: (304) 876-2815, ext. 207 l
Cell: (304) 261-4883 or Joseph Brouse l [email protected] l Cell: (304)
228-3121
The Conservation Fund
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National non-profit land and water conservation
organization
Established in 1985
Dual Charter: Environmental Protection & Economic
Development
Two major program areas:
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Land Protection: land acquisition & conservation
easements
Sustainable Programs: research, NCIF, leadership training,
Resourceful Communities Program, etc.
Natural Capital Investment Fund
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CDFI (Community Development Financial Institution) founded 2001
~ $2.3 M invested or committed to date in 19 businesses in West Virginia;
Expanded to Virginia, North Carolina, and NE Tennessee in 2007
Objectives:
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To provide increased access to debt and equity financing for entrepreneurs and
small business owners who cannot obtain conventional financing
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To support the creation of long-term, quality job expansion through the growth of
sustainable natural-resource based businesses
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To develop innovative public and private partnerships that stimulate local economic
expansion and support NCIF and its clients
NCIF Investment Approach
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Natural resource-based enterprises with growth & job creation
potential
Start-up and Expansion phase
Typical investment range: $7,500- $250,000
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Subordinated Debt or Equity
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Partner with other funding sources to share risk (traditional
senior lenders, community development lenders, etc)
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Technical assistance is key: provided by entrepreneurial and
sector-based organizations, NCIF staff, or contracted outside
consultants
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NCIF Portfolio Companies:
Value-Added Agriculture example
Logan County
Development Authority
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Redeveloped site for a fish
processing facility for WV Aqua
in Man, WV
NCIF Portfolio Companies:
Value-Added Agriculture example
Washington Homeopathic
Products, Inc.
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Produce homeopathic products
in Berkeley Springs, WV
NCIF Portfolio Companies:
Alternative Energy example
Piedmont
Biofuels, Inc.
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Produces biofuel from waste oil
in RTP region in NC
NCIF Portfolio Companies:
Eco/heritage tourism example
Songer Whitewater, Inc.
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Whitewater rafting outfitter
Existing business expansion
NCIF Sectors
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Heritage and Eco-Tourism
Natural/organic Agriculture
Renewable Energy & Energy Efficiency
Recycling & Water Conservation
Value-Added Forest Products
Value-Added Agricultural Products
Environmental & Green Products/Services
Green Building