Specialty financial administrator NES Financial announced today that it has contracted to provide its purpose-built Opportunity Zone Fund Administration services to InvestNewMexico.us (INM), an Albuquerque/Santa Fe–based partnership focused on affordable and sustainable housing, agriculture, film, technology transfer and emerging media industries.
“New Mexico is a very poor state, and our mission is to inspire New Mexico entrepreneurs to build companies that improve the living standards of New Mexicans. We will accomplish this mission by incubating and investing,” said Kenneth Segura Knoll, INM’s Senior Managing Partner. “We selected NES Financial to administer our fund because of their commitment to social impact, transparency and technology.”
The newly formed Qualified Opportunity Zone Fund will invest in and grow New Mexico companies operating within any of the state’s 63 Opportunity Zones. The fund plans to invest in up to 20 companies, one of which focuses on recycling shipping containers into usable products (such as so-called “tiny homes”). Another company focuses on producing hemp-based biodegradable products while promoting a self-sustaining, earth-friendly model.
To learn more about the New Mexico based Opportunity Fund, please read the full press release here.
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