November 16, 2022, (Brunswick, ME) – Coastal Enterprises, Inc. (CEI) announces the following promotions and hires to its staff, as well as the appointment of five individuals to its Board of Directors:
Category: Press Release
US Treasury Award $55 Million in New Markets Tax Credit Capacity to CEI Capital Management
MAINE-BASED FIRM IS NATIONAL LEADER IN REVITALIZING RURAL COMMUNITIES
Bub ‘n Mutha’s Wins Downeast Business Bootcamp Pitch Off
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.
Purchase Power! CEI Women’s Business Center Launches Maine Women’s Business List
The first directory of Maine-built, woman owned businesses publishes just in time for the holiday shopping and sourcing season
Baltimore’s First Zero Energy Multifamily Development Supports Penn North Community Vision For Affordable Housing, Small Business And Nonprofit Space
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.
OPEGA Releases Positive Review of the Maine Historic Rehabilitation Tax Credit
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.
Coastal Enterprises Inc. (CEI) Leads $2 Million Debt Facility for Cleantech Startup Standard Biocarbon’s First Manufacturing Facility
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
Sibley Building Redevelopment Brings Food Hall And 100 New Jobs To Downtown Rochester, NY
with Investment from Woodforest CEI-Boulos Opportunity Fund, a partnership between Woodforest National Bank and CEI-Boulos Capital Management
Investment in Workforce Housing and Brownfield Cleanup Supports Indianapolis’ Near Eastside Community
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.