Jay Ricker's Contact Details

Jay Ricker's Company Details

New Markets Support Company

Chicago, IL, US • 20 - 49 Employees
Financial Services

New Markets Support Company (NMSC) delivers creative financing solutions to expand economic opportunity and empower underserved communities across the country. We increase access to capital by tailoring our products and services to meet the needs of our clients and partners. We are part of the Local Initiatives Support Corporation (LISC), the country's leading community development organization.What We Do:We drive capital into disinvested neighborhoods to spur economic development and job creation. We invest in commercial and community real estate projects to revitalize low-income communities, make small business loans to expand financial opportunity for entrepreneurs, and partner with like-minded institutions to create collaborative funds that drive even greater community impacts. Our work encompasses:• New Markets Tax Credits - We've managed LISC's NMTC program since 2004, helping build and rehabilitate community and commercial facilities in low-income neighborhoods. We've closed 112 NMTC investments. We also help others leverage NMTCs for maximum impact.• Fund Management - We structure and manage funds to help other organizations meet their community development goals. Whether it's a small business loan fund or a NMTC-enhanced fund for health centers, we can help.• Business Financing - We provide affordable financing up to $2 million to underserved small businesses across the country to help them grow. We offer SBA loans, microloans, and term loans.