The U.S. Economic Development Administration has awarded a $500,000 grant to CEI, recapitalizing a revolving loan fund intended to provide 90 small- to medium-sized loans between $10,000 and $100,000 each, in addition to lines of credit, in order to create 20 new jobs. The funds are for fisheries-related businesses, and will be deployed by CEI’s Fishery and Aquaculture Specialists in partnership with our loan department. Read more!
CEI Receives Fisheries Loan Fund Grant
More News
- CEI Statement on Racism, Racial Violence and Racial Injustice
- Applications Now Open for Year Two of CEI’s Child Care Business Lab
- New Recipe Cookbook for Maine Farmed Sea Scallops
- Thank you, MacKenzie Scott, for the extraordinary gift
- CEI Commentary: It’s time to invest in Maine
- CEI’s 2020 Impact: Helping Business Stay Open while Creating or Saving 600+ Jobs
- Portland Restaurants Receive $50,000 in Grant Funding to Help Prepare for Winter During the Pandemic
- CEI Receives $3.3 Million EDA Award for Revolving Loan Fund to Meet the Immediate and Long-Term Economic Development Needs of Small Businesses in Maine’s Coastal Counties
- Woodforest CEI-Boulos Opportunity Fund Closes over $1.3 Million Opportunity Zone Equity Investment in Sharswood Ridge Project to Help Revitalize Philadelphia’s Sharswood Neighborhood
- CEI Expands Wicked Fast Loans with Financial Assistance Award from CDFI Fund of the U.S Treasury
- CEI Secures Award to Advance Catalyst Fund for Early-Stage Food Businesses