AUGUSTA – State Senator Amy Volk (R-Cumberland), chair of the Labor Commerce, Research and Economic Development Committee (LCRED), congratulates Maine Small Business Development Centers (SBDC) on celebrating their 40th business anniversary.
“Since 1977, Maine SBDC has helped countless Mainers start over 2,000 new businesses, create and save over 13,400 jobs and obtain over $563 million in capital to open the doors and expand,” said Sen. Volk. “These services have been invaluable, as small businesses are the backbone of Maine’s economy.”
“Home-grown jobs are responsible for more than 80 percent of total job creation in states including Maine,” said Rep. Ryan Fecteau (D-Biddeford), LCRED House chair. “The SBDC works every day to make that possible. Our state’s economy, small businesses and communities owe them a great deal.”
Through locations around the state, Maine SBDC leverages federal, state and higher education resources to provide no-cost business advising and training to assist entrepreneurs and spur economic growth. For more information, visit www.mainesbdc.org.
We love hearing from our clients, partners and stakeholders! Tell us about your experience with the Maine SBDC and why you support our program!
View our full March 2017 Newsletter (PDF download)
In this update: Help us celebrate 40 years! * March 22nd is SBDC day * New guide to starting a business released
You have an idea and want to start a business. Starting a business is challenging – there are many things to think about, decide upon and do. At the Maine SBDC one of the most frequent requests we get is for assistance with starting a business. Our goal is to make sure you are on the right track with access to helpful information, resources and expert advice.
A Guide to Starting a Business in Maine will help you with your questions, planning, research and preparation to launch a business. The Guide will answer your questions about determining the probable success of your business, selecting a business entity, finding financing, writing a business plan, registering your business, getting insurance, selecting a name, reporting taxes and much more.
The 24-page Guide provides basic information about starting a business in Maine and contents include:
- Business Startup Checklist
- Doing a Feasibility Study
- Common Business Entities
- Business Plan Guidelines
- Financing Your Business
- Frequently Asked Questions
- Where to Get Assistance
- Maine SBDC locations
This Guide is intended to provide basic information about starting a business in Maine. Your business may have additional requirements or needs that are specific to your type of business that are not covered in this Guide. It is best used in conjunction with a Maine SBDC business advisor or other business professional. Call us at 800-679-7232 or email: firstname.lastname@example.org if you would like assistance.
February 1, 2017
It was a record year for Maine small businesses securing capital to start and grow their companies in 2016, according to a recently released annual report compiled by the Maine Small Business Development Centers (Maine SBDC).
Maine SBDC provided no-cost business advising to 1,583 entrepreneurs and small business owners throughout Maine in 2016. Fourteen certified business advisors across Maine helped clients secured an unprecedented $47.1 million in capital to start and grow their businesses, more than in any other year in Maine SBDC’s 39 year history. In addition, the Maine SBDC helped these clients create and save 1,006 jobs and start 120 new businesses. Read More
View our full February 2017 Newsletter (PDF download)
In this update:
Record Year for Client Success in Securing Capital * Hiding in Plain Site – The IRS Website * Meet an Advisor * Meet a Partner * Upcoming Events
The other thing that emboldened me to pursue this and decline graduate school was that I had come across Top Gun, I had come across the Maine SBDC. Because in November 2012 when I made the decision to pursue Blue Ox Malthouse in earnest, or with more energy and intention, I started talking to craft brewers, to people in agriculture, to farmers. I talked to business owners, too. I started doing a survey of the resources available, and through the Maine SBDC I was encouraged to apply for the TechStart grant from MTI and then I got plugged into the really strong network of Blackstone Accelerates Growth, the Maine Center for Entrepreneurial Development and that whole community. The other resource I took advantage of, and which provided emotional support and served as a connector, was Slow Money Maine. I had one tremendously amazing early partner named Steve Culver, who I met through the Slow Money Maine network.
That network of people gave me the confidence in the idea and the confidence that there was a support network out there that could help me realize it. And that was tremendous.
Read the entire interview with Joel here!
Often small business owners scour the internet trying to find information or answers. Often they resign themselves to hiring an accountant, and other times they call me up hoping that I can offer some wisdom. I work for the Maine Small Business Development Center in Portland, a free and confidential business advising service. More often than not, because I am not an accountant, I end up first guiding my clients to a wealth of information that can be found for free at the IRS website. Read More
View our full January 2017 Newsletter (PDF download)
In this update: Helping weave new future for family business * Growing in 2017: Time for a Marketing Plan * Meet an Advisor * Meet a Partner * Trade Show Seminar
Neil Kinner, a Peaks Island native, came into the Maine SBDC after spending a summer in Portland, Oregon. There, he had captained a pedal-powered paddle boat, and wanted to bring this unique concept to Casco Bay in Portland, Maine. New to Maine and New England, the business would feature 10 pedal stations with seats for four more and would be entirely human powered, with a small solar powered back up motor in case of emergency.
With idea in hand, he needed financing in order to purchase the boat, and bring it to Maine. For this he sought out the assistance of Maine SBDC Business Advisor Peter Harriman. Together the pair worked to create a realistic business plan and projected financials. They worked on his narrative, timeline, marketing plan and the many aspects required to launch this unique business – hoping for a summer 2016 launch, the peak tourist season in Portland.