A west coast firm’s $1 million loan has given a 20-percent boost to the funds an arm of Coastal Enterprises (CEI) in Wiscasset uses to aid economic development, CEI spokesman Elizabeth Rogers said.

That money pool has grown from $5 million to $6 million, with the $1 million from Parnassus Investments of San Francisco, Rogers said in a telephone interview following Thursday’s announcement. Parnassus put the money into CEI Notes, a nonprofit that CEI, also a nonprofit, started in 2009 to support its community development efforts,a CEI press release states.

“The investment from Parnassus means significant capital to support projects that create jobs, build safe affordable housing, and deliver important services for people outside of the economic mainstream,” CEI Notes’ managing director Ellen Golden states in Thursday’s release.

 "Parnassus is honored to make this investment in CEI Notes,” Marc Mahon, Parnassus’ chief financial officer, states in the same press release.

CEI Notes will be moving from Wiscasset to Brunswick with CEI, Rogers said. Demolition of former Brunswick town buildings, where CEI’s new headquarters will go up, is expected to get under way within weeks, she said.