Following the exit of Mica Fisher, NC3 [National Coalition for Community Capital] has announced a new Executive Director, Katharine Gilman.
Prior to joining NC3, Gilman was the Director of Operations at the Ecology Learning Center, where she helped to establish a public charter high school in rural Maine. She is a graduate of Bates College, where she studied politics and wrote her thesis on best practices for community organizing.
NC3 is an organization that solidified after the Jobs Act of 2012 became law. This is the legislation that legalized securities crowdfunding under three separate exemptions: Reg CF, Reg A+, and Reg D (506c).
NC3 notes that prior to the JOBS Act, there were very few opportunities for retail (non-accredited) investors to invest in community businesses.
“Local investments and private market investments were restricted to the already wealthy, limiting economic opportunity for the majority of the country.”
Embracing capitalism and a market economy that empowers smaller investors and smaller firms, NC3’s mission includes supporting:
“Community Capital practices provide opportunities for people of all levels of wealth and all demographics to fully participate in the economy as investors. Widening the investor pool creates more opportunities for diverse stakeholders to receive investment from their neighbors and build enduring wealth.”
NC3 exists to promote investing in private securities at the local level under JOBS Act exemptions as well as certain state-based exemptions. While seeking to educate the population, NC3 also pursues regulatory and legislative advocacy that supports capital formation. The organization also organizes events that align with its mission.