Coastal Enterprises, Inc.
Coastal Enterprises, Inc. (CEI) is using HFFI financing to support its Rural Healthy Food Access initiative. With this support, CEI assisted independent grocers and food hubs across Maine and New England. CEI has used HFFI funds to support the financing of five healthy food retailers, three food processors, and ten farms. Projects are located primarily in rural areas across Maine. The retailers range from a rural downtown local foods store, to a food hub and farmer's market, to a convenience store that is incorporating healthy foods into its offerings. These investments have leveraged approximately $15 million in other sources and created or retained more than 200 jobs. You can find more information here.
Source of money: HFFI CDFI-Financial Assistance Program
Note: CEI is a CDFI headquartered in Maine that is working throughout New England.