CEI allocated millions in tax credit programs

Coastal Enterprises Inc. of Wiscasset and its for-profit arm, CEI Capital Management of Portland, have been allocated millions in two new market tax credit and capital investment programs.
The U.S. Department of Treasury awarded CEI $95 million as part of its New Markets Tax Credit program, according to a press release from U.S. Sen. Olympia Snowe. The program provides a 39% federal tax credit for investments made in community development entitie ...