March 29, 2016 – Coastal Enterprises, Inc. (CEI), a mission-driven lender and investor specializing in rural economic development in Maine and throughout the U.S., announces that Joshua Davis and Regina Phillips have been named to its Board of Directors. CEI works to create economic opportunity for individuals, children and families throughout Maine. According to Ron Phillips, CEI’s President and CEO, Josh and Regina join 18 other CEI board members bringing valuable insight and tremendous experience in small business and community development.

Mr. Davis is the co-founder and CEO of Gelato Fiasco, which he established when he was 24 years old. Gelato Fiasco operates two stores in Maine and offers its Maine-made, all-natural gelato for sale in thousands of grocery stores across the United States. Josh oversees the company’s targeted growth, including its most recent $2.3 million expansion of its Flavor Foundry in Brunswick, and leads a team of about 50 employees. With his co-founder, he was named as the Small Business Administration’s Young Entrepreneur for New England for 2014. Josh has been quoted by Reuters, MSNBC, and CNN/Money, and Gelato Fiasco has been featured in Bon Appetit, the Boston Globe, and O: The Oprah Magazine.

Ms. Phillips is the Refugee Services Program Coordinator for the City of Portland. Regina has worked for the city for approximately 19 years, starting her tenure there at the City’s homeless family shelter. Regina supervises a multi-cultural/multi-lingual staff that provides case management, housing, employment, life skills and services to new Americans. Prior to working for the City she ran a Head Start/Child Care center for a CAP agency. She has a BA in Psychology from Curry College, Milton, MA and is currently attending the University of New England’s Masters of Social Work program. She serves on the Board for United Way of Greater Portland and previously served on the Board of Family Crisis Services. She is a long standing member and Executive Committee participant of the Greater Portland Chapter of the NAACP.