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Small Business
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Augusta, Gardiner downtown associations partner on emergency business grants
April 14, 2020Grants of up to $3,000 will be awarded weekly through April to small businesses affected by the COVID-19 crisis in the downtowns of the two Kennebec River cities.
April 14, 2020
Economic damage to small businesses continues to skyrocket, NFIB says
April 6, 2020A National Federation of Independent Business survey found that 92% of small-business owners are being negatively affected by COVID-19, as opposed to 76% when surveyed two weeks ago.
April 6, 2020More than 1,400 Maine applications so far for $410M in small-biz loans
April 6, 2020Applications are pouring in for loans under the new federal Paycheck Protection Program, keeping bankers and others busy. The district director of the Maine SBA District Office shares the latest numbers with Mainebiz.
April 6, 2020
Crowded field of Maine businesses expected in race for $349B in small biz loans
Updated: April 2, 2020Days before the federal Paycheck Protection Plan is expected to go live, Maine banks are getting ready and are already flooded with inquiries. Mainebiz talked to bank executives and other experts concerned about how the race for cash will turn out.
Updated: April 2, 2020
Portland extends stay-at-home order, Immigrant Welcome Center demands fairness
March 31, 2020Councilors extended the stay-at-home order, with amendments that include a temporary ban on short-term rentals during the pandemic. Meanwhile, a local immigrant advocacy group is calling for fairness in such emergency measures.
March 31, 2020
Communities urge state, feds to do more to help Maine small businesses
March 31, 2020The 10 towns in the Maine Development Foundation Main Street Maine program have a list of suggestions for Gov. Janet Mills and the state's congressional delegation that may help businesses stay afloat during the coronavirus crisis.
March 31, 2020
Maine Mall closes after Mills' mandate
March 25, 2020While the South Portland mall is officially closed, some stores that provide essential services and have their own entrances may be open, as well as restaurants that offer takeout.
March 25, 2020
Creative Portland seeks to raise $50K in emergency relief for local artists
Updated: March 25, 2020The goal of the Portland Artist Relief Fund is to disburse $500 stipends to 100 artists to help them make ends meet during the current public health crisis.
Updated: March 25, 2020
Mills restricts nonessential businesses, Portland tells residents to stay home
Updated: March 25, 2020Gov. Janet Mills mandated that all nonessential businesses close their public-facing facilities, and urged essential ones to crack down on physical distancing, while Portland takes the pandemic response "a step further."
Updated: March 25, 2020
Survey: Small business disruption has skyrocketed during health crisis
March 24, 2020Businesses report slowdowns in sales, supply-chain disruptions and an increase in sick employees. More than half of small-businesses owners have either contacted lenders about financing or plan to, even if they haven't yet felt an impact.
March 24, 2020
Chambers look to support economy after Mills' order halts dining in, gatherings
March 19, 2020As restaurants, bars and other businesses are restricted for the coming weeks, chambers of commerce and other groups are jumping in to support businesses and share resources to buoy the Maine economy.
March 19, 2020
What the Fed rate cut means for Maine businesses and consumers
March 16, 2020In Maine, bank executives and others in the financial services sector welcomed the Fed action as mainly positive for businesses and consumers in the longer term.
March 16, 2020
Maine’s edible seaweed industry may double production in next five years
Updated: March 4, 2020Global production far outpaces domestic production of farmed edible seaweed, but new research indicates Maine's production will grow an average of 12% to 15% annually over the next decade and will more than double by 2025.
Updated: March 4, 2020
Main Street Skowhegan launches tech grants for small business program
February 14, 2020Small businesses and startups can get grants for between $500 and $2,000 in a new program funded by a variety of area lending institutiions.
February 14, 2020
Tiny homes legislation may unblock development bottleneck
Updated: February 14, 2020New legislation may create a way forward for an industry that stalled after a ruling by the secretary of state last summer, as proponents push tiny homes as a housing and economic solution.
Updated: February 14, 2020
Maine small business growth strong, thriving, report shows
February 10, 2020Maine Small Business Development Centers helped entrepreneurs launch 133 businesses in the state last year, creating more than 400 jobs, and found that 72% of client businesses that started in 2016 are still open, above the state and national
February 10, 2020
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