CEI (Coastal Enterprises, Inc.) is an expert in rural business funding, development and financing. A private, nonprofit Community Development Corporation (CDC) and Community Development Financial Institution (CDFI) based in Brunswick, Maine, CEI was founded in 1977 to develop job-creating natural resources and small business ventures in rural regions of Maine, and has grown to serve business funding all of Maine, its primary market, and areas of northern New England and upstate New York. With its New Markets Tax Credit Program, CEI is able to invest in projects throughout rural America.
CEI does its work by funding, lending and investing in small and medium sized businesses, and providing business support and technical counseling services to those who need them. A pioneer in its field, CEI is one of the nation’s premiere rural CDC/CDFIs.
CEI has subsidiaries and affiliates that enable it to expand its programs and services, such as:
- CEI Capital Management, LLC manages CEI’s $683 million allocation under the New Markets Tax Credit program
- CEI Investment Notes, Inc., which provides a way for individuals and institutions to invest in the local economy in order to reap social, environmental and economic benefits, and
- CEI Ventures, Inc. and CEI Community Ventures, Inc., which invest venture capital in promising job-generating businesses
CEI embraces a comprehensive approach to building assets, linking business financing to job creation, entrepreneurship, sustainable development, policy advocacy and research. The organization operates in primarily rural markets where financial returns are not sufficient to attract traditional investment, but where CEI’s goal of achieving economic, social and environmental benefits can be satisfied.
Ron Phillips, Founder of CEI, speaks on public television’s “Conversations with Maine.”
CEI integrates financing, business and industry expertise, and policy solutions to help grow good jobs, environmentally-sustainable enterprises, and shared prosperity in Maine and other rural regions.
CEI envisions a world in which communities are economically and environmentally healthy, enabling all people, especially those with low incomes, to reach their full potential
Expanding Opportunity – We invest in enterprises and people in order to promote a more just, inclusive, productive and sustainable society
Integrity – We are honest, ethical, and forthright in our communications and all aspects of our work
Excellence – We pursue the highest quality in all that we do
Stewardship – We manage resources effectively to create sustainable, long-term benefits
Innovation – We develop and launch innovative ideas in our organization with partners and with communities
Collaboration – We work with and support people, organizations, and communities towards our common purpose by sharing information, effort, and resources