Betsy and Zeth Lundy originally contacted Center Director and Business Advisor Tom Gallant in 2010. The husband and wife team wanted to buy a building in historic downtown Bangor in which they could live on the top floor and open a business on each of the two bottom floors. Gallant has since spent over 50 hours working to help this couple’s businesses succeed.
“I am deeply grateful for your assistance which helped our company protect jobs and navigate a complex growth path.” – John Joseph, Business Owner
Click here to view our February 2016 Newsletter
In this issue:
Maine SBDC Announces New Website
Redesigned site provides instant access to small business resources and Maine SBDC program information
2015 Annual Program Results
Another strong year – Program continues to demonstrate value to taxpayers by generating incremental tax revenue.
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“Your guidance and help in the business plan and projections helped me accomplish something I have never done.” – Jill Miller, Business Owner
Mark and Kelly LaCasse have been working with Business Advisor Janet Roderick since February 2011. They planned to purchase a building in downtown Skowhegan, and renovate for businesses on the first floor, one of which would be their new food business, and an apartment on the 2nd floor.
Ryan Hawkes had 13 years of experience on every level as a telecommunications contractor before deciding to strike out on his own doing fiber-optic cable splicing and installations in business and campus environments. He met with Business Advisor Larry Giroux to find out if he needed a license or certification to start this kind of business and to find out about financing his startup.
The Maine Small Business Development Centers (Maine SBDC), a state-wide program that helps entrepreneurs to start and expand their businesses, is pleased to announce its annual results.
In 2015, fourteen certified business advisors across Maine helped 1,633 clients to:
- Save and create 619 jobs
- Launch 102 new businesses
- Access $37.6 million in capital to start or grow their businesses.
Return on investment for the Maine SBDC is evaluated annually through an independent study of the program conducted by Dr. James J. Chrisman at Mississippi State University. His findings are based on information provided by a sampling of clients meeting with a Maine SBDC business advisor for at least five hours.
Dr. Chrisman’s most recent report indicated that for every dollar invested in the Maine SBDC, $2.87 was returned in incremental tax revenue.
“We’ve had another strong year working to help entrepreneurs and small businesses succeed. As Dr. Chrisman’s report confirms, the program continues to demonstrate its value to taxpayers by generating incremental tax revenue,” said Maine SBDC State Director, Mark Delisle.
View our entire 2015 Annual Report:
The Maine Small Business Development Centers (Maine SBDC) has received funds from the U.S. Small Business Administration (SBA)’s Portable Assistance Grant Program to develop a program that will provide entrepreneurial advising and training for potential and existing business owners in the Bucksport Bay Area who have been adversely affected by the closure of the Verso Paper Mill.
The program will be a collaborative effort of the Maine SBDC in association with CEI, New Ventures Maine and other local economic development organizations. This program will be designed to equip entrepreneurs and anyone interested in starting a business with a broad range of knowledge necessary for successfully developing and growing a small business.
The grant will provide essential entrepreneurial training to help current businesses and those who may be interested in starting a business explore the opportunities in the area. Maine SBDC will staff a business advising outreach office, located at Bangor Savings Bank in Bucksport, where a certified business advisor will be available to meet with new and existing businesses to discuss challenges and opportunities confidentially and at no cost.
“This grant will provide targeted critical resources to enable us to enhance services to this struggling area,” explains Mark Delisle, Maine SBDC State Director.
Beyond business advising, Maine SBDC plans to organize an entrepreneurial tourism-focused workshop series, provide ‘mini-grants’ to select small business clients for professional services, host a small business resource breakfast and put together a business plan competition. These activities will be paired with online content that will be available to business owners.
The SBA awards SBDC Portable Assistance Program grants to provide services and/or assistance to increase small business success and viability in communities suffering economic hardship attributable to the impact of a major disaster or economic downturn in their area.
Individuals interested in working with the Maine SBDC can visit www.mainesbdc.org or call 207-780-4420.
“We really enjoyed working with Josh, he was very knowledgeable and if he didn’t have the answer he was quick to get one.” Amanda Crane, Business Co-Owner