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Cambridge Savings Bank, a Massachusetts bank with $5 billion in assets, said Wednesday it invested $500,000 in a socially responsible venture capital fund managed by CEI Ventures. The investment in Coastal Ventures V LP will provide capital to help business owners in underserved communities deal with workforce challenges. The Cambridge, Mass.-based bank cited efforts by the fund to create good jobs with basic benefits; support environmentally sustainable enterprises; and provide capital to companies and regions that have challenges accessing equity. “These jobs offer a better living wage and benefits to improve the lives of the employees and their families. Providing capital to underserved business owners is another way to invest in and strengthen the communities we serve,” said Mike Kuhn, Cambridge Savings’ senior corporate banking team leader. 

United statesUnited kingdomMike kuhnNat henshawCambridge savings bankCoastal enterprises incEastland shoe corpVentures incCambridge savingBrunswick based coastal enterprises incCambridge savingsCulture fresh foodsFreeport based eastland shoe corpஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்மைக் குன்