Black Chamber of Commerce of New Mexico

What Black Chamber of Commerce of New Mexico does

The Black Chamber of Commerce of New Mexico (BCCNM) is a 501c3 nonprofit chamber founded in 2020 and headquartered at 700 4th Street SW, Suite A, Albuquerque, New Mexico. It supports Black-owned and other underserved, under-resourced, and under-funded small businesses through four pillars: education, advocacy, mentorship, and networking. The organization operates as the only Black Chamber of Commerce in New Mexico, is affiliated with the US Black Chamber, and serves as fiscal agent for the NM Juneteenth Committee.

The core product surface consists of a main website (bccofnm.org), a Resource Hub portal (resource-hub.bccofnm.org) with a Credit Readiness Dashboard and Member Directory, and a portfolio of programs: the Crosby Micro-Loan Program ($250-$10,000 at 5% interest via Nusenda Credit Union), the Albuquerque Grant Business Fund ($2,000-$3,500 tiered grants), the Down Payment Assistance Program ($10,000 grants via Homewise and Sunward), the Small Business Success Program (technical assistance), and the Herb Crosby Higher Education Memorial Scholarship (up to $2,500 NM / $4,000 HBCU). The underlying technology stack is standard nonprofit SaaS: GlueUp for event registration, JotForm for grant and intake forms, Webflow/GoDaddy for member website development services, and Google Analytics for traffic tracking. There are no proprietary AI or data products.

The revenue model blends four streams: annual membership dues ($100 for the 1-5 employee small business tier), event revenue (Annual Gala tickets at $75-$95 plus Bronze-to-Presidential sponsorship tiers from $1,000 to $20,000), Juneteenth sponsorships (Copper $500 through Marquis $20,000+), and tax-deductible donations to the 501c3. Go-to-market is community-led, event-driven, and sales-led in parallel: community partnerships and referrals drive awareness, flagship events (Juneteenth and the Gala) drive conversion, and direct outreach converts prospects into members who then gain access to gated financial programs.

Name

Black Chamber of Commerce of New Mexico

Legal name

Black Chamber of Commerce of New Mexico

Website

https://bccofnm.org

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

The Black Chamber of Commerce of New Mexico is a nonprofit chamber supporting Black-owned and underserved small businesses in New Mexico through membership programs, micro-loans, grants, mentorship, and the state's largest Juneteenth celebration.

Ownership category

akta.pro rank

Headquarters

HQ city

Albuquerque

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Dues: Annual membership fees based on business size. Small businesses with 1-5 employees pay $100 annual membership. Provides access to programs, resources, and member directory.
2. Event Revenue: Annual fundraising gala with ticket sales ($75-$95) and tiered sponsorships (Bronze $1,000 to Presidential $20,000). Additional event revenue from networking events and training sessions.
3. Donations: Tax-deductible donations to 501c3 nonprofit organization supporting economic empowerment programs for underserved communities.
4. Juneteenth Sponsorships: Major annual event sponsorship tiers from Copper ($500) to Marquis Sponsor ($20,000+), providing brand visibility and marketing opportunities for sponsors.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels10 records

Core offering

The Black Chamber of Commerce of New Mexico operates a membership-based nonprofit organization that delivers business support services to Black-owned and underserved small businesses in New Mexico. Its core offerings include a tiered membership program, financial assistance programs (micro-loans and grants), technical assistance, mentorship, networking events, community celebrations such as Juneteenth, and an annual fundraising gala.

Product overview

The Black Chamber of Commerce of New Mexico operates as a membership-based nonprofit organization offering a unified platform of programs and services to promote economic growth for Black-owned and underserved businesses in New Mexico. The core offering consists of the main BCCOFNM website and Resource Hub, supplemented by financial programs (Crosby Micro-Loan Program, Albuquerque Grant Business Fund, Down Payment Assistance Program), educational initiatives (Small Business Success Program, Herb Crosby Scholarship), networking tools (Member Directory, Business Highlight Database), website development services, and community events (Juneteenth Celebration, Annual Gala). The organization serves as both a business development hub and community advocacy body.

Differentiator

Problem solved

Functional benefit

Brands

• BCCNM Resource Hub: Comprehensive repository providing grant opportunities, community announcements, member directory, and guidance for Black business community
• NM Juneteenth
• Boyz Beyond Limitz Youth Summit
• Inner Beauty Summit

Products and services

• Membership Program A tiered annual membership program for Black-owned and underserved small businesses in New Mexico. Small businesses with 1-5 employees pay $100 annual membership and gain access to programs, resources, member directory, and eligibility for grant and loan programs.
• Crosby Micro-Loan Program A business loan program delivered in partnership with Nusenda Credit Union, providing loans ranging from $250 to $10,000 at a 5% interest rate with flexible repayment periods of 1-10 years for under-engaged, underserved, and under-resourced New Mexico businesses. Requires active chamber membership.
• Albuquerque Grant Business Fund A grant program supporting for-profit and non-profit businesses registered and operating within Albuquerque city limits, offering Tier One grants up to $2,000 and Tier Two grants up to $3,500 to promote economic empowerment and growth.
• Down Payment Assistance Program A $10,000 grant program to assist low- and moderate-income communities in procuring homes, with eligibility requiring household income below 120% of Area Median Income (AMI), mortgage pre-approval, and completion of homeownership counseling. Offered in partnership with Homewise and Sunward.
• Small Business Success Program (SBSP) A technical assistance program designed to help Black and other underserved and under-resourced business owners and entrepreneurs through services provided via grants and contracts secured by the Chamber.
• Herb Crosby Higher Education Memorial Scholarship A scholarship program offering up to $2,500 for New Mexico higher education institutions or up to $4,000 for Historically Black Colleges and Universities (HBCUs) to graduating New Mexico high school seniors with at least a 2.5 GPA.
• Website Development Services Website development assistance for business owners covering domain acquisition, hosting, and website building using platforms such as GoDaddy or Webflow.
• Juneteenth Celebration The largest Juneteenth celebration in New Mexico, featuring entertainment, vendors, a business summit, and a gospel extravaganza, with historical attendance of 4,000-10,000+ participants. Sponsorship tiers range from Copper ($500) to Marquis Sponsor ($20,000+).
• Annual Black Chamber Gala An annual fundraising gala event featuring tiered sponsorships from Bronze ($1,000) to Presidential ($20,000), with ticket sales ($75 early bird, $95 standard) and networking opportunities for community and business leaders.
• Credit Readiness Dashboard A financial readiness tool within the Resource Hub designed to help community members prepare for mortgages and credit, offered as part of BCCNM's free credit readiness program established with partner financial institutions.

Quantifiable outcome

• Down payment assistance grants up to $10,000 help lower interest rates, remove PMI insurance, and cover closing costs for qualifying homebuyers
• +3 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Job Training Albuquerque (JTA)coreStrategic or Co-development PartnerPartnership between City of Albuquerque and CNM offering up to $15,000 in annual training per qualifying small business. JTA provides no-cost, high-impact training resources to help employers upskill their teams and expand capacity.
• Joy JunctionminorStrategic or Co-development PartnerPartner for Angel Tree Annual Community Giveback program. Joy Junction is a homeless shelter receiving donations collected through the Chamber's Angel Tree program during the holiday season.
• US Black Chamber (USBC)coreStrategic or Co-development PartnerNational affiliation providing access to national Black business directory, Buy Black certification program, and USBC resources and programs for member businesses.
• City of Albuquerque Office of Black Community EngagementcoreStrategic or Co-development PartnerCity department co-hosting and sponsoring Juneteenth celebrations and other community events. Platinum-level sponsor for Juneteenth 2025.
• New Mexico Office of African American AffairscoreStrategic or Co-development PartnerState office providing Silver-level sponsorship for Juneteenth and support for African American communities in New Mexico.
• MLK CommissioncoreStrategic or Co-development PartnerSilver-level sponsor for Juneteenth celebration. State commission promoting civil rights and community engagement.
• Santa Ana ThunderminorStrategic or Co-development PartnerSports team with dynamic collaboration mentioned with the Black Chamber. Black Chamber Classic event hosted in partnership with Santa Ana Thunder.
• CNM (Central New Mexico Community College)coreStrategic or Co-development PartnerEducational partner in Job Training Albuquerque (JTA) partnership providing workforce development and training programs for small businesses.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Minority Business Development Agency (MBDA): Federal agency under the U.S. Department of Commerce dedicated to promoting the growth and competitiveness of minority-owned businesses, with business centers providing technical assistance and capital access — closely aligned with BCCNM's mission.
• National Urban League: Major national civil rights and economic empowerment organization with local affiliates that deliver small business development, workforce training, and entrepreneurship programs targeting Black and underserved communities.
• SCORE Association: Nationwide nonprofit network providing free mentoring, workshops, and business resources to small businesses. Overlaps with BCCNM's educational programming (mentorship, training) for underserved entrepreneurs.
• U.S. Hispanic Chamber of Commerce: National umbrella organization for Hispanic chambers, mirroring the USBC's role for Black chambers. Operates as a larger, more established federation offering similar programming (advocacy, certification, networking) at scale.

Regional players

• Albuquerque Hispano Chamber of Commerce: Another ethnic-focused chamber operating in the Albuquerque/NM market. It pursues the same model (membership, advocacy, networking, events) for a different underserved community, making it a directly comparable regional peer.
• Greater Albuquerque Chamber of Commerce: The general-mission chamber of commerce serving Albuquerque and the broader NM business community. Operates in the same geography with a similar membership/advocacy/event model but serves all businesses rather than a specific demographic.

Direct peers

• National Black Chamber of Commerce: Long-standing national Black chamber organization advocating for Black-owned businesses, providing a comparable model of a chamber focused on Black economic development and federal advocacy.
• US Black Chambers, Inc. National Black Chamber organization with which BCCNM holds an explicit affiliation, providing the Buy Black certification and national directory. It is the most direct strategic peer as the umbrella body for state and local Black chambers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BCCNM
• LinkedInlinkedin.com/company/black-chamber-nm

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Black Chamber of Commerce of New Mexico