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Subsidiaries

CEI Ventures, Inc. (CVI)

CEI VenturesFounded in 1994, CVI manages two socially responsible venture capital funds with total commitments of $25.54 million that make equity investments throughout the northeastern United States. Through these investments, CVI seeks to: create quality employment opportunities; promote progressive management practices; support socially beneficial products and services; and enrich distressed communities. Portfolio companies exhibit the potential to grow profitably and provide attractive financial returns. For more information, visit the CVI website: http://www.ceiventures.com 

CEI Community Ventures, Inc. (CCVI)

CEI Community VenturesLicensed by the US Small Business Administration (SBA), CCVI was formed to direct equity investments and management assistance funds to qualifying businesses located or willing to locate in low-income communities in Maine, Vermont, and New Hampshire. CCVI's mission is to realize a 'triple bottom line' by supporting companies that demonstrate an ability to meet or exceed our financial, social and environmental aims. CCVI investments range between $100,000 and $500,000. Working with partner funds, CCVI can help coordinate and/or lead larger financings (up to $5 million) with investors that share CCVI's outlook and criteria. For more information, visit the CCVI website: http://www.ceicommunityventures.com/

CEI Capital Management LLC (CCML)

CCML is a for profit wholly owned CEI subsidiary that furthers CEI's mission by working to help attract capital to low-income areas using the New Markets Tax Credit Program (NMTC). CEI and CCML take a mission-oriented approach as an NMTC sponsor when underwriting perspective transactions.

CEI Staffing Services, Inc. (CSSI)

CSSI is a not for profit subsidiary of CEI. Its primary goal is to provide employment opportunities for welfare recipients, individuals with disabilities, and those with other barriers to employment, such as limited English or lack of work history. A variety of programs and services are available to help these individuals transition into and retain meaningful employment.

CEI Development Services (CDS)

CEI Development Services is an internal program that provides consulting and training to community economic development practitioners and policymakers in the US and abroad. By drawing on CEI's extensive, multi-faceted experience gained since its founding in 1977, CDS offers practitioner-oriented services as part of its effort to build a stronger, more sustainable field.

CEI IN THE NEWS!

The results are in! Learn what the evaluation of the Farms for the Future disclosed ... 

Ron Phillips, President of CEI, speaks on public television’s “Conversations with Maine.” 

ImageMaine Legislature Passes Model Anti-Predatory Lending Bill.

Review LD 1869 here.

Predatory Mortgages in Maine Recent Trends and the Persistence of Abusive Lending Practices. A joint report issued by Coastal Enterprises, Inc. and the Center for Responsible Lending, 2006.

CEI receives SCED award for CED excellence. 

Announcing the publication, Telling Their Stories: Women Business Owners in Western Maine 

Read about NMTC's $120 million allocation to CEI.

CEI worked with a broad coalition to get the Office of Consumer Credit Regulations to study the impacts of payday lending.   

The Maine Working Waterfront Coalition works to help save commercial fishing access properties.

Maine Trailer Leasing - Reorganizing through the unexpected...

Bill Peters and his partner, Richard Donahue, had just purchased Maine Trailer Leasing (MTL) from its longtime owner when disaster struck. September 11th sent the already weak economy into a tailspin, hitting the transportation industry hard. MTL saw core customers in the pulp and paper industry close paper mills and plants in its own backyard.
Maine Trailer
The new owners realized their old business model as an over-the-road trailer leasing company was not viable for long. Survival meant change. So they reorganized, diversified and brought new energy into their other lines of business - storage, servicing, parts and new trailer sales. With a new motto, "Team Maine Trailer: The Trailer Professionals" and a new management model, MTL employees had more decision-making power, profit-sharing, and knowledge of the company's financial performance. The result? Higher morale, more positive work attitudes, double-digit revenue growth, and a solid customer list that includes LL Bean, Walmart, Dysarts, the State of Maine, the US Armed Forces and Hart Transportations, Inc.

Having the appropriate financing was key to the transition. CEI Ventures, Inc. (CVI), a CEI for profit venture capital subsidiary, saw the potential in MTL and invested $225,000 as part of a larger financing package. To Bill Peters, MTL's president, CVI's investment was crucial. Just as important, CVI's job quality and job creation goals were a "natural fit" with MTL's growth plan.
36 Water Street, PO Box 268, Wiscasset, ME 04578; Telephone: 207/882-7552; FAX: 207/882-7308; E-mail: cei@ceimaine.org