Tax Credits Drive Triple Bottom Line Investments For Coastal Enterprises, Inc.

The U.S. Treasury Department's New Markets Tax Credit (NMTC) program is designed to spur investment in low income communities. Coastal Enterprises, Inc., a nonprofit based in Maine, through its for-profit subsidiary CEI Capital Management, LLC, has received $858 million of investment capacity under the NMTC program, of which $695 million has been deployed, resulting in private capital investments of over $1.9 billion. CEI underwrites all of the investments on a triple-bottom-line basis, consider...