WASHINGTON, D.C. – Today, the Office of U.S. Senator Angus King (I-Maine) released the text of a statement submitted to the Congressional Record, recognizing the 40^th anniversary of Coastal Enterprises Inc. (CEI) of Brunswick, and congratulated CEI’s founders and employees on their leadership in rural economic development over the years. A representative from Senator King’s office presented the statement last night during CEI’s 40^th Anniversary Celebration.

“Since its founding, CEI has been a mission-driven organization striving to enable all people, especially those from low-income backgrounds, to reach their full potential,” said Senator King in the statement. “With a joint focus on economic growth and environmental health, CEI has tirelessly worked for 40 years to create a Maine economy that is sustainable both for our citizens and our land. We are lucky to have Coastal Enterprises Inc. in our state and I wish to congratulate them on their 40^th anniversary. I am looking forward to watching the positive impacts of CEI’s work for years to come.”

The complete statement is as follows:

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Mr. KING. Mr. President, today I wish to recognize the 40^th anniversary of Coastal Enterprises Inc (CEI). Headquartered in Brunswick, ME, CEI is a national leader in rural economic development, helping to grow businesses and support communities through providing financing assistance and support for environmentally sustainable practices to increase prosperity in Maine and across the country. CEI provides loans and technical assistance to small businesses and community development stakeholders while simultaneously advancing changes in public policy to promote an environment ripe for economic growth.

     Since its founding, CEI has been a mission-driven organization striving to enable all people, especially those from low-income backgrounds, to reach their full potential. With a joint focus on economic growth and environmental health, CEI has tirelessly worked for 40 years to create a Maine economy that is sustainable both for our citizens and our land.

     CEI’s immense impact is undisputed; since inception, they have financed $1.32 billion dollars’ worth of loans, helping over 2,700 businesses. These companies often provide the backbone of their communities, in total employing over 37,000 people. Furthermore, CEI has been instrumental in the areas of affordable housing and childcare. Through their investments they have created or preserved 2,075 affordable housing units and 5,818 childcare slots, providing much-needed relief for families.

     The success of the last 40 years speaks to the vision of the founders and the dedication of CEI’s employees. We are lucky to have Coastal Enterprises Inc. in our state and I wish to congratulate them on their 40^th anniversary. I am looking forward to watching the positive impacts of CEI’s work for years to come.