Most affordable properties need some help and Maine has the oldest housing inventory in the country. According to the Maine Association of Realtors, the average age of a home in Maine is 42 years. As much as 24% of the housing stock was built prior to 1939. And although the older homes and apartment buildings… Read more »
Real estate is HOT right now just about everywhere! There are many factors contributing including pent-up demand, low-interest rates, and the US savings rate hitting a record high at 33%, more than it has been since the previous high of 17.3% set in 1975, at the same time wages have been rising. These factors have… Read more »
By: Alison Lane, Business Advisor & 2021 State Star I used to own a restaurant, and January meant a lot of slow days. When there weren’t any coffees to pour, dishes to wash, or Quickbooks to update, I would ask myself: “How can I not waste this time?” “What else can I try to generate… Read more »
Get Ready for the Minimum Wage Increase: 3 Practical Tips Minimum wage is increasing to $12.75 on January 1, 2022. (Maine law requires minimum wage adjustments annually based on the cost-of-living index.) Here are some practical tips to help you get ready:
The Maine Department of Economic & Community Development (DECD) has launched the Maine Jobs and Recovery Small Business Grant. This funding is available to businesses who were open before the COVID-19 pandemic began AND to new businesses who were in business as of January 1st, 2021. The full grant description is available on the DECD… Read more »
Considering “Small and medium-sized companies account for almost 97 percent of U.S. exporters, but still represent only about 30 percent of the total export value of U.S. goods”, you may have asked yourself… How do I even start? I don’t know what I don’t know! How do I write an international business plan? Where do… Read more »
With a successful summer season for many businesses coming to a close; now is a great time to check in, assess how things went, and decide where you would like to go from here. Remember our Recovery and Relaunch Resource Center is always available to help with our built-in assessment tools as well as our… Read more »
By Tina Oddleifson The sixth and final part of an ongoing series of blog posts on lessons learned from COVID 19. Nobody likes to think about a disaster or crisis impacting their small business. But the Covid 19 global pandemic brought the importance of disaster planning to the forefront. Properly preparing for a crisis means… Read more »
As a Master Certified Business Advisor at CEI located in our Brunswick & Augusta offices, Brad has been an integral part of the Maine SBDC staff for 30 years. He’s helped over 2,977 entrepreneurs and small business owners to start 158 new businesses, save or create 1, 682 jobs and obtain over $85 million in… Read more »
By Tina Oddleifson The fifth part of an ongoing series of blog posts on lessons learned from COVID 19. The pandemic created new trends and business models that changed priorities and planning for small business owners. These are the top 6 business trends that will impact your business in 2021 and beyond. As the pandemic… Read more »
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