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Investing in People and Places PDF Print E-mail

CEI’s mission is to help create economically and environmentally healthy communities in which all people, especially those with low incomes, can reach their full potential.

CEI manages over $247 million of capital raised from private foundations, financial institutions and public entities who have embraced CEI’s holistic community development finance strategies.

The practice of sustainable investing: CEI’s business model encompasses “the triple bottom line” – economy, equity and ecology. We try to bring these three disciplines to bear on our underwriting methodology so that a social investment in us generates financial, social and environmental returns.

Here are ways you can invest in CEI:

Loans: A below-market loan to CEI is pooled with other funds for targeted relending to small businesses, social services and affordable housing projects. Earnings above costs support the fund.

Gifts: A gift to CEI to support sustainable economic development initiatives. CEI is a 501(c)3 charitable corporation, and gifts are tax-deductible to the full extent permitted by federal law. Click here for more information on making a gift to CEI.

Equity: CEI currently manages two venture capital subsidiaries and is planning for ongoing equity funds. Information is available on portfolio performance to date and plans for new venture funds. Click here to learn more about CEI's venture capital subsidiaries.

 New Markets Tax Credit: A federal income tax credit of up to 39% over 7 years is available for qualifying investments in targeted areas. Other state/federal tax credits may be available. Click here for more information on New Markets Tax Credits.

Tax Credit for IDA: Maine taxpayers are eligible for tax credits for contributions to Individual Development Account program (matched savings for low-income families). Click here to learn  more about  Individual Development Accounts.

For more information, contact Ron Phillips, President, Coastal Enterprises, Inc., , or Ellen Golden, Senior Vice President, Development,

 

SmartPak Equine

CEI Ventures, Inc.'s investment, SmartPak Equine, direct markets custom unit-dose packaging of equine supplements and pharmaceuticals with an automatic replenishment system, as well as offering a variety of barn-related supplies. CEI supplied the business with patient capital because it believed the business needed room to grow. The company is located in Plymouth, MA, near a community of Cambodian refugees. To assist these and other foreign-born individuals, SmartPak designed their production facilities to accommodate non-English speaking employees and offers courses in English, along with paying decent wages. The organization couples this strong social commitment with a strong commitment to the environment. SmartPak follows the credo of “reduce, reuse, and recycle.” They have minimized their waste (and costs) through packaging innovations and they purchase recycled materials where possible. This business turned out to be a perfect fit for CEI’s 3E investment criteria.
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.

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