April 6, 2022 (Ellsworth, ME) – Founder John Fuhrman of Bub ‘n Mutha’s in Winter Harbor took home the judge’s prize for top contender in the second annual Downeast Business Bootcamp Pitch Off held on March 25th.
The first directory of Maine-built, woman owned businesses publishes just in time for the holiday shopping and sourcing season
with Investment from Woodforest CEI-Boulos Opportunity Fund, a partnership between Woodforest National Bank and CEI-Boulos Capital Management THE WOODLANDS, Texas, Nov. 15, 2021 /PRNewswire/ — The Woodforest CEI-Boulos Opportunity Fund, a high-impact commercial real estate Opportunity Zone fund established by Woodforest National Bank® and CEI-Boulos Capital Management, announced its $1.1 million equity investment in the Zero Energy North Avenue Affordable Housing project located in the recently designated “Black Arts District” in West Baltimore’s Penn North neighborhood. The Woodforest CEI-Boulos Opportunity Fund is the only outside equity investor in the $4.9 million, environmentally innovative project spearheaded by Baltimore’s Schreiber Brothers Development. The project, which will rehabilitate abandoned, historic townhouses, is the first multifamily, zero energy development in Baltimore and the first mixed-use, zero energy development in Maryland. Some construction jobs will be filled by a workforce development nonprofit providing training and experience in sustainable development and solar panel installation to individuals with low incomes.
November 10, 2021|Augusta, ME – The Office of Program Evaluation and Government Accountability released its evaluation of the Maine Historic Rehabilitation Tax Credit (HRTC), finding that the tax credit’s structure and administration are sound and efficient, the credit follows best practices, and program data is robust. The evaluation also found that the HRTC incentivizes historic preservation and community revitalization, promoting affordable housing, job creation, and economic growth.
Finance Authority of Maine (FAME) and Maine Technology Institute (MTI) also Participate to Bring Biochar Production, a New High Growth, Clean, Sustainable Industry to Maine
with Investment from Woodforest CEI-Boulos Opportunity Fund, a partnership between Woodforest National Bank and CEI-Boulos Capital Management
The Woodforest CEI-Boulos Opportunity Fund, a high-impact commercial real estate Opportunity Zone fund established by Woodforest National Bank® and CEI-Boulos Capital Management, announced its $3 million equity investment in The Wesmont in Indianapolis’ Near Eastside neighborhood. The new property, built on a four-acre remediated industrial brownfield site, consists of 188 new workforce apartments, 170 of which are affordable to people with low incomes. The Woodforest CEI-Boulos Opportunity Fund is the majority equity investor in the $31.1 million project spearheaded by TWG Development, LLC.
May 24, 2021 (Brunswick, ME)–CEI Ventures, Inc., the Brunswick, Maine-based impact venture capital firm, announced the addition of a new Board Member, Uche Osuji. Osuji is a Managing Director at Arctaris Impact Investors, LLC, a privately held investment firm that invests in growth oriented operating businesses and infrastructure projects located in underserved communities.
April 20, 2021 (Brunswick, ME) –Coastal Enterprises, Inc. (CEI) announced that it has acquired and is sharing competitive national seafood industry sales information with Maine’s aquaculture and seafood businesses. The syndicated broadline sales data for key Maine species identifies regional and metropolitan markets in the U.S., taking the guesswork out of where Maine businesses have the best prospects for expanding sales. CEI purchased the data as part of its Maine Seafood Marketing Initiative, a pilot effort to establish a state seafood marketing association promoting all of Maine’s seafood products. The data will be made available upon request to Maine businesses free of charge.