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Measuring the impact of its work has been an important goal both for CEI and the community development field. CEI began measuring and monitoring its program outcomes in the early 1990s in order to provide funders, policymakers and staff with a better understanding of the difference it was making in achieving its mission “to help create economically and environmentally healthy communities in which all people, especially those with low incomes, can reach their full potential.” CEI’s most in-depth measurement work has been it its small business financing, workforce development and affordable housing programs. CEI’s recent paper, Measuring Impact in Practice: Reflections and Recommendations from Coastal Enterprises, Inc.’s Experience, reflects CEI’s experience and learning about measurement from its own experimentation and from the community development industry.
The paper highlights the trends and challenges that CEI and the industry face in developing and implementing quality measurement systems, both for internal strategic planning and for external advocacy, marketing and policy development. Download Measurement Impact in Practice (PDF) CEI's Work in Measurement and Program Assessment CEI assesses the social outcomes of its programs and investments on an ongoing basis. The R&D Department does an annual survey of portfolio companies to determine job retention and creation, job quality, financial leverage, and location of markets. We also undertake special research projects that help us better understand our impact. These have included:
Evaluating Social and Economic Effects of Small Business Development Assistance By Josephine LaPlante, Muskie School of Public Service, University of Southern Maine, 1996 funded by the Ford Foundation. This study attempted to assess job quality and CEI's technical assistance roles, as well as model a return on social and charitable investment (ROTCHI) in CEI's loan portfolio at one point in time, 1993. It put CEI in the forefront of our field in attempting to measure the impact of our work. The Low-Income Longitudinal Study With funding from the Ford Foundation and the CDFI Fund, CEI studied what happened to low-income individuals who were employed in CEI-financed firms over an 18-month period. The study used mainly phone surveys to track a person's job history and mobility, quality of job, and asset development, as well as reasons why they left or stayed in their jobs. In addition, we were able to access administrative data on wages and employment location from Maine Department of Labor's Unemployment Insurance records. The study pointed out the enormous challenge of job retention. Low-income individuals reported that their jobs in CEI-financed companies were of better quality than previous or later jobs, but many were not able to hold on to the job for multiple reasons, including barriers in their personal lives. CEI has used the results of the study to inform our internal planning and look at ways we can provide greater support to workers to overcome these barriers. A Study of CEI's Lease-Purchase Program CEI launched its Lease-Purchase (L-P) Program in 1996 to help modest-income families and individuals purchase a home of their choice by allowing home buyers to lease properties while they saved for a down payment to purchase the property within three years. The internal study of the program assessed satisfaction of homebuyers, affordability of the properties, tenure prospects, and program operations. The study showed that most participants were meeting their top priorities in the program and were paying affordable prices. However, the study also identified some difficulties in moving individuals from leasing to home ownership, which the Housing Department has worked to overcome.
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CEI IN THE NEWS! |
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CEI’s Policy Directions for Maine highlights policy issues that we believe the next administration and legislature should address. These issues were selected based on our current work and our extensive experience as a community economic development practitioner for almost 35 years. 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. |
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CURRENT POLICY INITIATIVES |
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» CEI advocates for people and places left out of the economic mainstream. |
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The Technique of 3E Investing |
In our community development field, there are only a handful of
domestic organizations taking on the challenge of making investments
that generate environmental as well as social returns. We call this our
3E practice (economy, equity and environment).
With support from the Ford Foundation, CEI's R&D
Department teamed up with Shorebank Enterprise Pacific to share
observations and raise questions about our respective emerging
practices. From CEI's visit to the Northwest, we brought back examples
of green real estate projects, sophisticated conservation performance
measures, and some oysters from a product development venture fund
investment. In Maine, we shared our 3E underwriting and illustrated our
farms and fisheries work with a tour of Goranson's Farm in Dresden, and
the North End Cooperative in Wiscasset. The kindred spirits who
gathered together appreciated the opportunity to learn from each other,
raised good questions, and affirmed our commitment to help each other
sharpen our work and, in time, share this with our colleagues across
the country. |
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