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CEI partners in the “Cod Academy”. CEI is helping to organize a free cod farming course for large boat fishermen from Maine’s two easternmost coastal counties, Hancock and Washington. Read more here. CEI Investment Notes are a way for you to invest in your community, to help others, and to reap social, environmental and economic benefits. Details here. 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.
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. |
Affordable Housing 
CEI is an affiliated hoMEworks educator. hoMEworks is a
network of Maine housing
providers and educators created to support a consistent, high-quality consumer
education program for homebuyers. Classes in homeownership are held regularly
at several sites in the midcoast region. The purpose of the Homeownership Education Course is to help
people prepare for and be well-informed about the process of buying a home.
Purchasing a house is the largest financial transaction most people ever make,
and it is one of the best ways to build equity for the future. A well-informed
consumer is in the best position to plan successfully and make good decisions.