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: