Skip to main content

Posts

Showing posts with the label CEI

Following the Financing of Kestrel leads to the Belly of Maine State Socialism PART ONE

The Kestrel de-financing mystery.  Two articles, one from CEI Capital Management LLC, in April 2011 and another from Areo News on January 03 2012 , report that it $20.7 Million from the New Markets Tax Credit Program fell through.  The New Markets Tax Credit is a federal program designated low-income areas. It can be used for any kind of business.   CEI Capital Management, LLC (CCML) is a for-profit subsidiary of Coastal Enterprises, Inc. (CEI) that furthers CEI's mission to help create economically and environmentally healthy communities in which all people, especially those with low incomes, can reach their full potential by working to help attract capital to low-income areas using the U.S. Treasury Department’s New Markets Tax Credit (NMTC) program. The New Market Tax Credits program targets low-income areas and applies to any kind of business, not only those in the Maine legislature's "targeted sector".  However, the state agencies that I have looked at