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Sponsored by: Coastal Enterprises, Inc.
Updated: September 23, 2019 2019 Giving Guide

CEI (Coastal Enterprises, Inc.)

2020 Goals

By cultivating small businesses, local partnerships and smart federal and state policies, CEI lifts up rural economies and strengthens communities. In addition to providing loans, investments and business advice to over 2,000 business owners each year, CEI focuses on three strategic areas to advance its mission and impact:

  • Promote Good Jobs: CEI offers one-on-one business coaching and advocates for policies that support living wages, basic benefits and a fair and engaging workplace for all workers.
     
  • Grow Environmentally Sustainable Enterprises: CEI is a passionate supporter of renewable energy businesses and projects that are creating opportunities in rural and low-income communities. We provide financing to a range of green businesses and advocate for policy changes that support the growth and development of renewable technologies.
     
  • Support more broadly Shared Prosperity: CEI provides housing counseling and financial training for individuals and families, recognizing that building assets and managing debt, as well as a good job, are key ingredients for family financial security

Fundraising events/Opportunities

Sponsorship opportunities are available for CEI’s Annual Celebration and CEI-hosted workshops and events year-round for small business owners, women entrepreneurs, aquaculturists, and food and beverage businesses. For more information, please contact leah.thibault@ceimaine.org.

CEI’s staff in 2019

Giving Opportunities

CEI is grateful for the donors, investors and funders who advance our mission. Through your support, we lend to and invest in businesses and community organizations; provide comprehensive business advice; work closely with entrepreneurs to solve operational, workforce and environmental challenges; counsel homeowners and home buyers; coach individuals and families on financial management skills; and advocate for pragmatic policies that boost economic development and community revitalization.

Help us build an economy that works for everyone!

Volunteer Opportunities

We are always looking for dedicated individuals to serve on the boards of CEI and its subsidiaries. If you are interested in serving on one of our boards, contact jennifer.kanwit@ceimaine.org.

Leadership

 

Betsy Biemann CEO

Board officers

Christa Velasquez: Board Chair Professor, University of Chicago

Susan Hammond: Board Vice Chair Executive Director, Four Directions Development Corporation

Board Members

Angela Butler: Senior Vice President, Commercial Services Officer, Katahdin Trust Company

Josh Davis: Co-Founder & CEO, Gelato Fiasco

John Dorrer: Independent Consultant, Workforce Development Economics

Catherine Godschalk: Vice President, Investments, Calvert Impact Capital

Karin Gregory: General Partner, Blue Highway Capital

Scott Kenney: Senior Vice President, Farm Credit East

Kevin Lewis: CEO, Community Health Options

Beth Mattingly: Assistant Vice President, Federal Reserve Bank of Boston

Justin Maxson: Executive Director, Mary Reynolds Babcock Foundation

Chip Newell: Partner, NewHeight Group

Regina Phillips: Coordinator, Grants and Community Engagement, Westbrook School Department

Cordelia Pitman: Director of Preconstruction Services, Wright-Ryan Construction Inc.

Charles Rudelitch: Executive Director, Sunrise County Economic Council

Miriam Shark: Independent Consultant, Miriam Shark Consulting LLC

Stewart Smith: Owner, Lakeside Family Farm

Ian Yaffe: Executive Director, Mano en Mano

At a glance

Established: 1977
Employees: 82 (FY18)
Annual revenue: $12.2 million (Earned income of $6.7 million + grants & donations of $5.5 million)

Top funding sources

Grants and Donations: 45%
Lending and Investing Activity: 25%
Other Earned Income: 19%
Subsidiaries: 10%

Contact

30 Federal Street,
Suite 100 Brunswick, ME 04011
207-504-5900

www.ceimaine.org
www.facebook.com/CEIMaine
www.twitter.com/CEIMaine
www.instagram.com/CEIMaine

Awards/Accolades

In 2018, CEI earned a four-star impact performance rating and an A+ financial strength and performance rating from Aeris (www.aerisinsight.com), the national rating and information service. Aeris provides comprehensive, third-party assessments of a community investment fund’s financial strength, performance and impact. CEI also received a “Policy Plus” designation from Aeris which recognizes that policy change is integral part of CEI’s strategy. CEI has the highest rating of “exemplary” from NeighborWorks America, a congressionally chartered national nonprofit organization that supports community development in the U.S. and Puerto Rico. CEI’s CEO Betsy Biemann is a Mainebiz 2019 Woman to Watch and was recognized by Mainebiz as one of 10 leaders for Maine’s economic future.

Mission Statement

CEI integrates financing, business and industry expertise and policy solutions to grow good jobs, environmentally sustainable enterprises and more broadly shared prosperity in Maine and other rural regions.

Service Locations

All counties in Maine, and other rural regions in the U.S.