Free training classes to begin early November 2020 in the Downeast region
September 2, 2020 (Brunswick, ME) – CEI recently hired six new professionals to join their accounting, lending and business advice teams. They include: Molly Gerencer, loan and investment officer; Mary Cay Harrington, fund accountant; Grace Mo-Phillips, business advisor; John Michael Nadeau, senior accountant; Nikki Yanok, associate loan and investment officer; and Jenn Stein, business advisor & food systems specialist with our Small Business Development advising team.
Charles J. Spies, III Announces Retirement; Traci R. Vaine to Succeed as CEO on October 1, 2020
August 17, 2020 – The Maine Department of Economic & Community Development (DECD) in partnership with the Maine Small Business Development Centers (SBDC) will provide grants of up to $5,000 for businesses with five or fewer employees, with an owner whose income is in the low to moderate range as defined by the Department of Housing and Urban Development (HUD).The money is part of the $11 million Maine received from the federal CARES Act for its Community Development Block Grant (CDBG) program. Approximately $2 million of the allocation is being made available through the Micro-Enterprise Grant Program in partnership with the Maine Small Business Development Center. The funds for the program are being distributed through Androscoggin Valley Council of Governments (AVCOG), Coastal Enterprises, Inc. (CEI), Northern Maine Development Commission (NMDC), and Southern Maine Planning & Development Commission (SMPDC).
June 15, 2020 (Brunswick, ME) – The TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®, recently donated $100,000 to Coastal Enterprises, Inc. (CEI) to assist in providing services to those impacted by COVID-19 in Maine.
May 18, 2020 (Brunswick, ME) – Coastal Enterprises, Inc. (CEI), Community Concepts Finance Corp and MaineStream Finance are offering special loan products supported by SBA funds in a collaboration to help businesses across Maine gain access to the capital they need to rebuild from the devastating impact of the COVID-19 pandemic.
May 4, 2020 (Brunswick, ME) – Thanks to a generous $100,000 grant from the Henry P. Kendall Foundation, Maine farms with active loans from Coastal Enterprises, Inc. (CEI) will receive debt relief covering principal and interest payments for three months beginning in May. The farms in CEI’s portfolio are located in 11 of Maine’s 16 counties, reflecting the diversity of the state’s agricultural industry. Farm businesses have been especially hit hard by the unanticipated, immediate loss of revenue and severe disruptions in supply and demand due to the COVID-19 pandemic.
March 5, 2020 (Brunswick, ME) – The CEI Women’s Business Center is now accepting registrants for Propeller, a new program designed to support women in the ideation and development of tech-based businesses.
February 24, 2020 (Brunswick, ME) – CEI has selected the 2020 cohort for its Tastemakers Initiative, providing financial resources, market analysis, specialized consulting and investor networking opportunities for emerging food and beverage companies. The companies are Maine Cap N Stem; Ocean Approved, Inc. (DBA Atlantic Sea Farms); Glidden Point Oyster Co.; Wilbur’s of Maine Chocolate Confections; Commonwealth Poultry; Bigelow Brewing Company; and Aurora Mills and Farm, LLC.
Study to Examine Potential Formation of Promoting Maine’s Seafood Products December 17, 2019 (Brunswick, ME) — Coastal Enterprises, Inc. (CEI) has received a $25,000 grant from Maine Technology Institute (MTI) for a research project to study the viability of a Maine Seafood Marketing Initiative.