CEI has created maps indicating
potential New Markets Tax Credit (NMTC)
eligible census tracts to help prospective clients, investors, and working
partners better identify which tracts may qualify under the NMTC
rules. CEI Capital Management, LLC (CCML) is
the CEI subsidiary that works with the NMTC
program. CCML’s primarily focuses its NMTC
work in the northern New England, western Massachusetts,
and upstate New York areas
(although CEI is certified to sponsor NMTC
investments throughout the United States.) These maps, therefore, cover Maine,
New Hampshire, Vermont,
Massachusetts (Worcester
county and counties west), and New York
(all counties, not including New York City
and Long Island).
The maps were generated from data files from the United
States Census Bureau, using geographic information system (GIS)
software. The Census files were then merged with data on eligible census tracts
from the CDFI Fund, the NMTC program
administrator. The CDFI fund data used was updated on 6/9/2004.
Disclaimer
CEI and CCML are not
responsible for the accuracy of these maps. Since the data used was generated
for the purposes of the decennial census, they are not suitable for identifying
land parcels and other points with precision. They are a tool to give viewers a
general idea where eligible census tracts are located in relation to county
boundaries, towns, roads, railroads and water bodies. Investment decisions
should not be made solely on the basis of these maps. If you are unsure whether
a project qualifies, please contact CCML at .
Click on each state below or on the state names to the left for more detailed information on NMTC qualifying areas.
These maps are protected by copyright laws.
These maps were researched and created by James Stevens, a
graduate student at the Massachusetts Institute of Technology, during a 2005
summer internship at CEI in Portland,
Maine. CEI
gratefully acknowledges the time and effort that was put into this project and
the contribution this new resource will make to CEI’s
mission to help create economically and environmentally healthy communities in
which all people, especially those with low incomes, can reach their full
potential.
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
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