February 2017 Newsletter – Record year for Maine SBDC clients accessing capital, the Best of the IRS Website and 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

Record Year for Client Success in Securing Capital
Maine SBDC clients access resources to start and grow businessesNews
Infographic for 2016 Program ResultsIt was a record year for Maine SBDC clients securing capital to start and grow their companies in 2016, according to a recently released annual report.

Maine SBDC provided no-cost business advising to nearly 1,600 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 over 1,000 jobs and start 120 new businesses.  

To view the entire 2016 annual report,  click here!


Hiding in Plain Site – The IRS Website Info

Often small business scour the internet trying to find information. Often they resign themselves to hiring an accountant, and other times they call me hoping that I can offer some wisdom. I work for the Maine SBDC 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 the wealth of information that can be found for free at the IRS website.
In this blog post, Business Advisor Peter Harriman gives you some helpful tips on navigating the IRS website, including recommended articles he feels every business should read and know about. Read more


Meet a Business Advisor: Josh Nadeau Advisor
Maine SBDC Business Advisor since 2015
Territory: Aroostook County
Offices in: Caribou, Fort Kent, Houlton
Josh works with entrepreneurs and small business owners on matters relating to business startup, expansion and survival. In 2016, Josh helped 126 clients in Aroostook County to create and save 82 jobs, start 13 new businesses, and access over $4.4 million in capital. Josh’s clients including Portage Lakeside Cabins, Aroostook Driving School, and Autotronics.


MEET OUR PARTNER:  Account Executives at the State of Maine Department of Economic & Community Development Partner

At the Maine SBDC, we consider ourselves the hub of an entrepreneur or small business’ journey through self-employment. Part of our success is knowing the many resources available to you — to connect you to the resources that can help your business succeed. 

What do the Account Executives do?
The team works with hundreds of businesses throughout Maine to help with issues from high speed internet access to finding facilities to house 100 employees to helping communities and companies benefit from the creation of special Pine Tree Development Zones and Tax Increment Financing districts to ease the tax burdens on new and growing businesses. 
Who are the Account Executives? 
The team is composed of business development experts, each responsible for different areas of the state. They are passionate about small business in Maine and want to help. To find the Account Executive nearest you, visit their site. They have a handy map that helps you easily identify and find information on your local representative.

The team is part of the State of Maine’s Economic & Community Development (DECD) department, whose mission is to help communities and businesses prosper through a variety of programs. Other than the Account Executives, Maine DECD provides resources such as the Red Tape Hotline and the Maine Made Program. Maine DECD also helps fund key economic development programs such as the Maine International Trade Center, Maine Technology Institute and the Maine Small Business Development Centers

To learn more about what Governor’s Account Executives or the Maine DECD, visit their website or give them a call at 207-624-9800.

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