Community Development Venture Capital Alliance

New York Community Investment Company
110 William Street, 32nd Floor, New York, NY 10038
Telephone: (212) 693-0870 ext. 16
Fax: (212) 693-0949
Website: www.nycic.com
Email: info@nycic.com

Key Personnel:
Howard Sommer, President and CEO
Nina Orville, Vice President
Janet Pickering, Vice President

Established: 1995

Total Committed Capital: $29.3 million

Amount Invested: $35.3 million

Geographic Focus: New York State, central and northern New Jersey and Southern Connecticut. NYCIC will also consider co-investing with other CDVCA funds in the eastern U.S.

Background
NYCIC provides long-term capital of up to $1 million to select growing businesses in New York. Created by a consortium of prominent banks, NYCIC was founded to support the growth of well-managed small companies with the potential to yield outstanding returns. Because NYCIC understands that growing companies require committed capital for extended periods of time but have unique characteristics, it takes a long-term approach to funding and custom-tailors solutions to each company's financing needs. NYCIC provides equity, near-equity, and debt, and access to additional financing sources, as well as advisory services on financial, organizational and other strategic issues.

Social Mission
To support economic development objectives, NYCIC has a special interest in funding companies that are minority-owned, woman-owned, or located in, or providing services to, low- and moderate-income areas. Small businesses are the fastest growing segment of New York's economy, and their continued expansion is essential to the region's overall economic health. NYCIC and its investor banks are proud to contribute to the strength of the small business economy in New York.

Investment Information
NYCIC can fund companies located anywhere in New York State, central and northern New Jersey and Southern Connecticut. NYCIC will also consider co-investing with other CDVCA funds in the eastern U.S. NYCIC provides funding to businesses in varied industry sectors including technology, manufacturing, services, distribution, and retail in amounts of $350,000 to $1,000,000. NYCIC prefers to invest in businesses with some operating and revenue history.