CEI is a business development organization focused on creating jobs and boosting local economies in rural areas.
Investing involves risk including the possible loss of principal.
“CEI worked in partnership with the SBA and other private investors to invest in companies that created hundreds of jobs, new technologies, and brought hope and income to rural areas in northern New England,” she said.
Agnew said the New Markets program that spawned Community Ventures was a noble effort to boost rural economies, and that CEI did everything within its power to make the fund succeed.
She would not specify how many were sold and how many went out of business.
The two remaining businesses in which Community Ventures invested will not be affected by the fund’s liquidation, Rogers said.