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Many small businesses are looking beyond the pandemic with a sense of excitement. There's a vigorous spirit in Maine's small-business community, despite difficulties including staffing shortages and supply chain woes.
The Indus Fund is a new microloan program for small business owners in Maine’s growing immigrant community.
Tim Hobbs, the new deputy district director of the SBA's Maine District Office, previously served as the state director for USDA Rural Development in Maine.
The volunteer organization provided business mentoring to more than 4,300 entrepreneurs and small business owners across the state in 2021.
The new location gives the South Portland-based franchiser 84 Aroma Joe's locations across Maine, New Hampshire, Massachusetts, Pennsylvania, Florida, Rhode Island and Connecticut.
Circa, led by CEO and co-founder Leslie Hyman, raised the funds from a combination of individual investors, angel investors and venture capital firms.
The bootstrap oyster-growing operation off the Cranberry Isles will plant 300,000 oyster seeds this year. It takes four years to grow a crop.
Cities in Maine took four of the top five spots in New England, and scored high among 1,334 municipalities nationwide that were evaluated on the basis of startup-friendly criteria.
The maker of R.E.D.D. bars began his business in 2010 with "a bag of dough" and a name that raised eyebrows. The product's identity and form have changed over the years.
Southport-based entrepreneurs Jocelyn Olsen and Colin Greig have big plans for Hüga Heat, a maker of battery-powered heated seat cushions for outdoor use.
Women made up nearly half of the 3,000 clients at the Maine Small Business Development Centers. The SBDC program estimates that for every dollar invested in the centers, $3.22 was returned in incremental tax revenue.
Barbecue spice maker John Fuhrman grew his business from 500 bottles in 2018 to a projected 40,000 bottles for 2022. Signing Renys was major: "Got ’em, tried ’em, loved ’em," the buyer told Fuhrman.
A Portland entrepreneur with a composting business will be among those taking home prizes at the Small Business Administration's Maine awards ceremony next month in Hallowell.
The new fitness club teaches how to use proper physical form in workouts. The founders also say their starting pay for trainers is 5% to 10% higher than at most other gyms in the area.
The president and co-founder of a South Portland-based axe maker says the company is at the "go big or go home point" in development.
For fledgling businesses, loans of up to $50,000 can have a make-or-break impact, and are available through some nonprofits, community-based financial institutions and local economic development councils.
Sponsored by Kennebunk Savings Bank
Maine's cruise ship season is in full swing, running from late September through early November. Thousands of passengers are expected to visit Portland, Bar Harbor, Eastport or Rockland.
This week alone, Portland is set to welcome around 16,000 cruise ship passengers.
But as the season ramps up, it's bringing mixed reviews. Some locals brace for the crowds and many business owners say cruise ship visitors don't spend much while in the port. Other business owners argue that, even if cruise ships don't benefit their own coffers, they still benefit the overall economy.
When we asked this question in 2023, Mainebiz respondents, 21% said the visits bring customers and revenue, while only 18% said the visits don't help their business.
More than half of the respondents, 53%, said cruise ships benefit the overall economy,
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreWhether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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