Charles J. Spies III
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As CCML’s CEO, Mr. Spies oversees all aspects of the organization’s operations including: capital sourcing and deployment; project sourcing and underwriting; investment recommendations; accounting; compliance; asset management; and public relations. Under his leadership, CCML has raised and placed more than $783 million of federal NMTCs in 80 projects nationally. All with the TBL focus that helps create and preserve jobs and improve quality of life in low-income communities.
Prior to joining CCML in 2006, Mr. Spies served as COO for the Gulf of Maine Ocean Observing System. Through creative and strategic management, he successfully led the organization through a 73% cut in federal funding by diversifying revenue sources, and growing an individual membership program, as well as securing direct funding from the State of Maine, including with a $500,000 emergency appropriation. He has also served as CEO for the Finance Authority of Maine (FAME) and President and CEO of the National Association of Seed and Venture Funds. As one example of his capital raising experience, Mr. Spies established and secured funding at FAME for a $150 MM secondary market for student loans. While managing the Small Enterprise Growth Fund at FAME he also raised and invested over $9M in funds for seed-stage venture capital investments from both public and private sources.
Mr. Spies currently serves on the Executive Committee of the Board the New Markets Tax Credit Coalition. He received his B.S. in Forest Utilization and his M.S. in Forest Entomology from the University of Maine, as well as his M.B.A. from Southern New Hampshire University.