News Release: Maine SBDC to Celebrate 2nd Annual SBDC Day March 21

Maine SBDC to Celebrate 2nd Annual SBDC Day March 21
Small Business Development Centers Around the Country Celebrate Impact on Small Business

For over 40 years the Maine Small Business Development Centers (SBDC) has helped aspiring and emerging business owners achieve the American dream of entrepreneurship. On Wednesday, March 21st the Maine SBDC will come together with SBDCs around the country for one special day to celebrate their impact on the success of our nation’s dreamers, innovators and doers – America’s small businesses.Read More

Demystifying Estimated Taxes

By: Business Advisor Peter Harriman

taxes generic image - Maine SBDC

One of the hardest and least understood topics I find small businesses face, especially new start-up businesses, is the issue of Estimated Taxes. Part of the problem is that a taxpayer needs to understand their adjusted gross income for the year, in addition to deductions and credits, in order to properly plan the four quarterly payments throughout the year. With a business in its first or second year, this can be problematic to say the least. Paying late or paying too little will incur penalties with the IRS.Read More

News Release: Maine SBDC Releases 2017 Small Business Client Results

February 13, 2018

Statewide (Maine) –Today the Maine Small Business Development Centers (Maine SBDC), a state-wide program that helps entrepreneurs to start and grow their businesses, is pleased to announce its annual results.

In 2017, certified business advisors across Maine provided no-cost business advising to 1,400 entrepreneurs which helped clients to:

  • Save and create 661 jobs
  • Start 98 new businesses
  • Access $44 million in capital to start or grow their businesses.

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Katahdin Communications – Millinocket, Maine

KataKatahdinhdin Communications is a locally owned radio broadcasting company. It’s main station WSYY AM and FM broadcasts in a sports format and serves Northern and Downeast Maine. It features programming from CBS Radio and CBS Radio News as well as covering local school sporting events.

Business owner James Talbot has big plans for the business. He wanted to expand his business, but was struggling to secure the funding needed to do so.  His lender recommended he connect with Maine SBDC’s Ann McAlhany for assistance in mid-2015, and the pair have been working together regularly since. McAlhany listened to his plans. She helped him to organize his vision into manageable and executable phases.Read More

Wallace James Clothing Co. – Portland, Maine

Wallace James Clothing

Kimberly Ortengren started Wallace James Clothing Company in Portland’s Bayside neighborhood with the hope of inspiring confidence in new and existing designers to make clothing right here in Maine. She understood the challenge independent designers faced to produce apparel, and wanted to create an incubator-like space that would allow them to take their concepts and make them a reality. Wallace James is a place where new designers could make their ideas come to life, while receiving expert mentorship on the design, development and production process. It also helps companies scale up, with streamlined, sustainable practices that save money and waste. Read More