Steve Weems


SCF’s mission is to alleviate poverty and achieve environmentally sustainable solutions by investing in organizations that are providing innovative high-impact financing and technical assistance initiatives to communities and individuals suffering from deep poverty.

SCF is a revolving investment fund that has been capitalized by funds donated by National New Markets Fund (NNMF), a joint venture partnership between Strategic Development Solutions (SDS) and Economic Innovations International (EII). SCF was created to revolve NNMF’s tax credit equity into a new and creative generation of investments benefiting very high-poverty communities. We achieve our mission by investing in organizations with innovative prototype lending or investing models that create significant social and environmental impacts. We particularly seek organizations with new financing models that may need early stage seed funding where our investment can help them “prove” their model – and thus spur follow-on investors to bring additional resources to the effort.

Steve Weems currently serves as a Board Member on the SCF Board of Directors and has done so since March of 2010.
In 2008, Mr. Weems founded Polaris Associates and is now Managing Director.  Polaris Associates is a consulting firm with expertise in project financing; business development and management; economic and community development; human and organizational development.
Prior to founding Polaris, Mr. Weems founded and served as Managing Director of CEI Capital Management LLC (CCML), a for-profit investment management subsidiary of Coastal Enterprises, Inc. (CEI). Coastal Enterprises, Inc. was one of the original New Markets Tax Credit (NMTC) financial intermediaries which Mr. Weems built starting in 2003 into a leading national CDE. CCML has now received over $750 million of aggregate NMTC program authority and invested in projects from Hawaii to Maine.
Mr. Weems has undertaken other careers in the private, public, and non-profit sectors. These include, being President of Schiavi Leasing Corporation, a turnkey provider of commercial modular space;  Executive Vice President & COO of Resource Conservation Services, an organic materials recycling company; Vice President of Corporate Lending for a subsidiary of the Bank of Boston; Co-founder and Executive Vice President of the Maine Development Foundation, a 501(c)(3) statewide economic development corporation; Founder and supervisor of a Division of Economic Planning & Analysis at the Maine State Planning Office.
Throughout his career, Mr. Weems has passionately worked for sustainable growth, consistent with true natural resource conservation, with a goal of helping both people and organizations realize their highest potential.

Contact Steve Weems

Sustainable Communities Fund, Board Member
Polaris Associates, Managing Director
Brunswick, Maine


Service Area

Statewide service provider in:
  • Maine

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