Betsy Biemann

Startups & Entrepreneurs

Brunswick-based nonprofit lender backed 115 businesses in 2025

Coastal Enterprises Inc. provided $17.7 million in financing in its 2025 fiscal year, the group's latest impact report shows.

Manufacturing

Rural manufacturing in Maine will be focus of New Markets Tax Credits program

CEI Capital Management will use new federal tax credits to draw private investment into manufacturers creating good-paying jobs in Maine and beyond.

Nonprofits

Coastal Enterprises Inc. gets $200K grant to expand services

The KeyBank Foundation grant will help expand CEI's work providing free and low-cost business advising services to entrepreneurs.

Higher education

Brunswick-based child care business lab to expand, thanks to $1.6M grant

The idea for the Coastal Enterprises Inc. program emerged from a pre-pandemic listening tour in rural Maine, where residents reported a lack of quality child care was affecting their ability to work full time.

Government & Politics

Affordable housing in southern Maine to see $1.2M influx from feds

The money will be split among three organizations that could also use the funds to help preserve neighborhoods and/or educate residents about homeownership.

Banking & Finance

Coastal Enterprises distributed $43M to mostly Maine businesses

CEI partnered with 91 businesses to increase job quality. Goals include supporting the creation of good jobs and expanding diverse business ownership.

Economic development

🔒Newsworthy people & performances for Nov. 28, 2022

A roundup of new hires, promotions and achievements in the Maine business community.

Banking & Finance

Manufacturers will be focus of $55M in new markets tax credits

The new allocation will be deployed primarily in manufacturing businesses, with a focus on companies that provide quality jobs for people with low incomes