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Small Business

  • SBA boosts dollar amount of loans 24%

    October 24, 2013

    The U.S. Small Business Administration reported Wednesday that it boosted the number and amount of loans issued in Maine in its most recent fiscal year.

    October 24, 2013
  • Shutdown impacts Maine science and technology programs

    October 4, 2013

    In addition to the widely reported impact the federal shutdown is having on fall tourism at the closed Acadia National Park,  the National Marine Fisheries Service has close

    October 4, 2013
  • Portland businessman launches lending services firm

    Darren Fishell September 16, 2013

    Bill Whitmore, co-owner of a Portland fitness center franchise, is launching a commercial lending firm eyeing small businesses.

    Darren Fishell September 16, 2013
  • Feds host small business forum at USM

    September 12, 2013

    The U.S. Small Business Administration’s national ombudsman will be at the University of Southern Maine on Monday to host a forum for small business owners, representatives of local economic development organizations and trade groups.

    September 12, 2013
  • Northeast Bank commits $10M to small business lending

    James McCarthy September 10, 2013

    Northeast Bank announced on Monday its commitment to make available up to $10 million for qualified small business loans throughout Maine. The program, which will be offered in conjunction with the U.S.

    James McCarthy September 10, 2013
  • DOL: Maine businesses weathered recession well

    August 30, 2013

    A new study by the Maine Department of Labor shows that Maine businesses that were launched in 2008 got through the next five years, during the recession, better than the national average.

    August 30, 2013
  • Experts weigh in on Affordable Care Act

    Mainebiz Staff August 23, 2013

    The federal Affordable Care Act, which went into effect in 2010 with the aim of both reforming the health care system and making insurance affordable to everyone, may be far from perfect and remains controversial.

    Mainebiz Staff August 23, 2013
  • Hulit tapped as interim head of SBA

    August 21, 2013

    U.S. Small Business Administrator Karen Mills has selected Jeanne Hulit, a former economic development official in Maine, to serve as the agency’s acting administrator, a Cabinet-level position.

    August 21, 2013
  • Bangor co. cleaning up in natural pet product market

    Darren Fishell August 20, 2013

    Consumers of specialty pet products are increasingly inquiring about the ingredients within those products.

    Darren Fishell August 20, 2013
  • Decide whether it’s time to rev up your sales engine

    Doug Packard August 5, 2013

    Many companies I have been introduced to have a common challenge: they excel at providing products and services, but do not have a successful and/or cost-effective sales model. In some cases, they are not winning as much business as they want.

    Doug Packard August 5, 2013
  • Bangor Savings grows commercial lending 10.6%

    June 25, 2013

    Through its 2013 fiscal year, Bangor Savings Bank reported a record-setting net income of $18.9 million and increased its commercial and small business loan portfolio by 10.6% over 2012.

    June 25, 2013
  • 3 cos. share sustainability benchmarking results

    James McCarthy June 24, 2013

    Andy Whitman, director of Manomet Center for Conservation Science's Natural Capital Initiative, is a scientist with a degree in wildlife ecology.

    James McCarthy June 24, 2013
  • Winthrop company aims to prevent brain injury, in style

    Lori Valigra June 10, 2013

    James Ferguson expected to turn heads when he took his colleague, who was wearing a prototype helmet aimed at cushioning falls and preventing traumatic brain injury, to Margaritas Mexican Restaurant in Augusta.

    Lori Valigra June 10, 2013
  • Robert Baldacci eyes season two of biz pitch show

    June 4, 2013

    After the first season of a new show on the Portland-based Community Television Network, host and business consultant Robert Baldacci says he'll be back on the air for a second season next fall.

    June 4, 2013
  • Goodall appointed to lead SBA Region I

    June 4, 2013

    Maine State Sen. Seth Goodall, D-Richmond, has been appointed to serve as the head of the U.S. Small Business Administration's Northeast regional office and will resign his seat in the Maine Senate this year.

    June 4, 2013
  • SBA loans open to Lewiston fire victims

    June 3, 2013

    Property owners looking to rebuild after fires destroyed 10 buildings in Lewiston will be able to apply for low-interest federal loans that Mayor Robert MacDonald said will help the city rebuild.

    June 3, 2013

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Today's Poll

Do you support an increase in Portland's minimum wage?
Choices
Poll Description

The Portland City Council is weighing a controversial proposed hike to the city’s minimum wage.

The proposal would increase the minimum wage from $15.50 per hour to $19 per hour by 2028. (The statewide hourly minimum wage is $14.65.)

The proposal does not include a wage hike for tipped workers who are currently paid an hourly wage of $7.75, but employers are required to ensure that wages and tips combined total $15.50 per hour. 

While inflation pressures have made it hard to survive on the minimum wage, many business owners are concerned the hike would cut already thin margins.