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CEI in the News PDF Print E-mail

For the last five years, Maine’s Working Waterfront Coalition has worked on two public policy tools to help save and secure important commercial fishing access properties along the coast. As a founding and leading member of the coalition, CEI has been at the forefront of these endeavors. This ongoing effort has led to the creation of a Current Use Taxation program for commercial fishing properties and the Working Waterfront Access Pilot Program (www.wwapp.org), a program to purchase, preserve and protect waterfront properties that support commercial fisheries. Both programs were created after Maine voters approved them in the November 2005 ballot. The experimental $2M pilot program, run by the Maine Department of Marine Resources, has been implemented and administered by CEI, with the support of the Island institute. It has been a great success, thanks to the ongoing efforts and support of the Working Waterfront Coalition, CEI, the Maine legislature and Maine voters. In November of 2007, the program was approved to receive an additional 3M and is currently soliciting for projects. To learn more about the Working Waterfront Access Pilot Program, check out the program's website: www.wwapp.org

If you would like to read more about the Working Waterfront Access Pilot Program, please see the following articles that were printed in Down East Magazine-May 2007, National Fishermen-June 2007 and The Boston Globe 6-17-07.


 

CEI IN THE NEWS!

U.S. Finance Expert Encourages Banking Investment in Maine Communities
At CEI's 32nd Annual Meeting, Ellen Seidman, Exec. VP of ShoreBank in Chicago, and Sr. Research Fellow with the New America Foundation in Washington, DC, urged Maine bankers and community activists to consider “greater community investment…meeting the actual needs of the community, not just counting dollars invested.” See full speech.

See annual meeting remarks by Ron Phillips, CEO, on triple bottom line investing and the next 5 years for CEI…

See the 12/14/09 article on CEI and the state of investing in communities. It’s where mission happens…

CEI Receives $125 Million in NMTC  Through its subsidiary, CEI Capital Management LLC, CEI will use the allocation to attract private capital investments for primarily rural economic development projects. See press release here.

CEI Receives Investment Funds
In partnership with Manufacturers Association of Maine, CEI will receive $765,000 over from the Federal Department of Health and Human Services, Office of Community Services (OCS), to finance several job-generating small-to-medium enterprises. This funding will create 78 full-time, year-round jobs.  Read press release here. 

Bangor Savings Bank and CEI offer low-interest loans to small and medium-sized enterprises in disadvantaged areas in Maine. Read more here.

36 Water Street, PO Box 268, Wiscasset, ME 04578; Telephone: 207/882-7552; FAX: 207/882-7308; E-mail: cei@ceimaine.org