On June 19, Coastal Enterprises, Inc., in Wiscasset announced the establishment

Sara Walbridge

Source

Biz

Date

7-1-1996

Pages

18, 20, 21

Abstract

On June 19, Coastal Enterprises, Inc., in Wiscasset announced the establishment of Maine's first venture capital investment fund designed for socially responsible businesses. CEI is Maine's leading nonprofit community-based economic development corporation, and has counseled 8,000 Maine businesses, many of them women- or refugee-owned. They plan to invest $3.2 million of privately raised funds in at least 11 Maine companies to create 400 jobs. Details, related profile of Ethiopian refugee Mahfuz Fulli, whose Do It Right Commercial Cleaning was bankrolled by CEI through U.S. Refugee Resettlement's Project NAME, or New Americans Microenterprise.

Subjects

Capital, Venture, Coastal Enterprises, Inc Wiscasset

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