Community Development Corporations (CDCs)

The East Market Street Development Corporation is focused on building community and restoring pride in the East Market Street Corridor and East Greensboro.  Its mission is to foster an economically vibrant, attractive, pedestrian-friendly, and safe community that supports existing and new businesses.  To do so, the organization provides comprehensive economic, business, and community development programs and services aimed to create and sustain community assets.

Valle Encantado is a community-based nonprofit organization in the historic Atrisco neighborhood in the South Valley of Albuquerque. Established in 2008 by community residents, Valle Encantado is committed to sustainable economic development done in harmony with the identity of the community. One of its main programs includes a weatherization program which has leveraged federal stimulus funds to update nearly 40 homes in Bernalillo County while connecting unemployed workers with good weatherization jobs. Other initiatives include a partnership with the USDA on a community agriculture and nutrition program to create a self-sustaining community farm whose salad greens will be sold to Albuquerque Public Schools and a community creativity and history program that records oral histories and organizes workshops.

The Rio Grande Community Development Corporation (RGCDC) is a non-profit organization that pursues community-based economic development that is sensitive to traditional cultural values and historical land uses while cultivating resident voice and reducing poverty through entrepreneurial enterprise. In 1996, RGCDC worked with community residents to develop the Bridge and Isleta Boulevards Revitalization plan. As a result of the plan, RGCDC worked with the University of New Mexico and Bernalillo County to open the South Valley Economic Development Center (SVEDC) that has, since its establishment 2003, incubated over 100 businesses, created over 350 jobs, returned $8.2 million in payroll back to the local economy, and assisted over 250 potential entrepreneurs a year. One of SVEDC’s premier programs is the Mixing Bowl initiative that provides residents with the tools — from equipment, to financing, to training — to start their own food-related business.