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.
Category: Press Release
Mission-Driven Lenders Offer Loans to Boost Business Recovery
May 18, 2020 – 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 COVD-19 pandemic.
Grant from Henry P. Kendall Foundation Provides Debt Relief for CEI’s Maine Farm Borrowers
May 4, 2020 – 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.
The CEI Women’s Business Center Launches Propeller, a Tech Incubator for Female Entrepreneurs
CEI Names Seven Businesses to its 2020 Cohort for Maine Tastemakers Initiative
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.
CEI Awarded MTI Funding to Pilot a Maine Seafood Marketing Initiative
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.
Woodforest CEI-Boulos Opportunity Fund Recognized as a Leading Opportunity Zone Fund in the Forbes OZ 20: Top Opportunity Zone Catalysts List
December 12, 2019 — The Forbes OZ 20: Top Opportunity Zone Catalysts, a partnership between the Sorenson Impact Center and Forbes, recently announced a new list recognizing community organizations and OZ Funds that are committed to achieving equitable economic growth in underserved and overlooked communities throughout the country. We are pleased to announce that the Woodforest CEI-Boulos Opportunity Fund has been selected as one of 20 communities and opportunity zone funds.
Woodforest National Bank Creates $20 Million Opportunity Zone Fund to Support Economic Revitalization Across its 17-State Footprint
THE WOODLANDS, TEXAS, NOVEMBER 25, 2019 – Recently, Woodforest National Bank® (“Woodforest”) created the Woodforest CEI-Boulos Opportunity Fund (“Fund”), a $20 million private real estate investment fund targeting projects in the recently designated Opportunity Zones across Woodforest’s 17-state footprint. The Fund will invest in real estate projects with the goal of promoting public welfare by benefitting low- and moderate-income individuals in areas designated as Qualified Opportunity Zones.
CEI combines rural business knowledge with mission driven investments to build an economy that works for all
(Brunswick, Maine – November 21, 2019) – Coastal Enterprises (CEI) today released its annual impact data for 2019, showing how its unique combination of impact investments, small business advisory services and policy advocacy is contributing to more economically inclusive and resilient communities in Maine and across the country.