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 hav...
Examining the Fundamental transformation of the American political system that originated in the political philosophy preserved by Publius in The Federalist Papers. This blog was originally published as Main Street Economy and focused on legislation passed in the state of Maine "inspired" by similar laws passed by other states which collectively constitutes a fundamental transformation of the American political philosophy within state incubators.