Capital One NMTCs in Colorado

Capital One's commitment to community and economic development through the New Markets Tax Credit (NMTC) program is making a significant impact in Colorado, with investments totaling over $80 million in 2025 alone. These projects-ranging from a Food Bank of the Rockies facility in Grand Junction that will distribute 16 million pounds of food annually to residential recovery and child crisis programs at the Jefferson Center in Lakewood-are the building blocks of community well-being. Furthermore, through investments in non-metro and medically underserved regions like a Boys and Girls Club in the San Luis Valley and a Valley-Wide Health Systems clinic in La Junta, Capital One is dedicated to fostering meaningful, lasting change where it is needed most.

Each initiative is strategically chosen to channel essential resources to areas of greatest need. These investments help improve the quality of life of Coloradans by addressing specific community gaps. Below are Capital One's NMTC investments in Colorado this past year.

• The Action Center in Lakewood, CO: This over $16M project involves adapting an unused former elementary school into a collaborative community center. The new facility will house numerous health and human service partners-providing medical, dental, and behavioral healthcare, youth and senior programming, culinary training, early childhood education, and music instruction. The Action Center, which has served the community since 1968, will also be housed on-site, along with a client-choice, free food and clothing market, greatly benefiting a designated Food Desert. The project is expected to create 20 new jobs and retain 63, in addition to 158 construction jobs. The on-site healthcare partner anticipates serving 12,000 low-income people annually. The City of Lakewood has called the project "crucial" to supporting hard-working families.
• Jefferson Center for Mental Health in Lakewood, CO: Capital One invested over $20M in working capital for two locations of the Jefferson Center for Mental Health to provide mental health and substance use services and programming. This includes 30-day adult and adolescent residential recovery programs, a child crisis service unit with a multidisciplinary team, and outpatient programs. The Jefferson Center has been an accessible, nonprofit provider for 67 years, serving over 27,000 patients across 18 facilities and over 100 community-based settings last year. The project is expected to create or retain 198 jobs and serve 2,790 unique individuals each year, 75% of whom are low-income. The Jefferson Center also partners with local law enforcement to respond to mental health-related calls.
• Valley-Wide Health Systems, Inc. in La Junta, CO: A nearly $12M NMTC investment provided working capital for critical programming and community-based services at two clinics in the rural La Junta area. This funding allows the Federally Qualified Health Center (FQHC) to retain essential clinical staff, absorb ongoing cost increases, and maintain services such as primary medical care, behavioral health counseling, and chronic illness management for medically underserved populations in rural Southern Colorado. The project is expected to retain 68 jobs, create 8 new jobs, and serve more than 7,500 unique patients annually, addressing an important gap in care in rural Colorado communities.
• Early Connections Learning Centers in Colorado Springs, CO: This over $10M project includes the renovation of a historic building and the construction of the 40,574 SF Alice Bemis Taylor Center for Early Education, featuring new classrooms, playgrounds, and a professional development center to train new early education professionals. Since 1897, ECLC has provided high-quality, year-round early education for children from working families, offering tuition assistance to over 85% of its students. The project will allow ECLC to increase the number of children it serves annually to 236 students, while also offering education, training, and parental support services. This investment is expected to result in 21 construction jobs, retaining 62 on-site jobs, and creating 16 more.
• Food Bank of the Rockies in Grand Junction, CO: A nearly $11M NMTC investment provided working capital for the Grand Junction facility, which opened in 2022. The Food Bank of the Rockies serves 30 counties in northern Colorado and all of Wyoming, anticipating distributing over 16 million pounds of food annually from this facility by 2027. The NMTC subsidy equates to over 6.3 million meals for food-insecure individuals and families in this NMTC-qualified census tract. The project is estimated to serve 65,000 unique, low-income persons, and is expected to retain 36 jobs and create 4 new jobs.
• Boys & Girls Clubs of the San Luis Valley, Alamosa, CO: The over $10M project will construct a 17,608-square-foot early childhood learning center (ECLC) adjacent to an existing Boys & Girls Club. The center will include 10 classrooms, playground areas, a parent resource room, a commercial kitchen, and observation rooms to integrate a professional training program. The ECLC will add 160 quality childcare seats in an area where almost 70% of young children cannot attend a licensed facility. The project anticipates creating 23 jobs and 12 construction jobs, while also assisting with resource navigation for families. Alamosa's Mayor noted that the center will provide much-needed childcare and education resources and job opportunities for early childhood education professionals.

At Capital One, we believe real change starts where it matters most: in our communities. Across the country, families, small businesses, and local organizations are working to build stability and opportunity for the next generation. This plan is designed to help people realize those dreams by supporting the building blocks of financial well-being, including affordable housing, small business growth, and community development. Of the $80 million invested in Colorado, over $59 million of the investments are part of our larger $265 billion Community Benefits Plan. By deploying capital to support social and economic development in underserved areas, these efforts further Capital One's mission to "Change Banking for Good."