🔒Maine Small Business Development Centers are providing big-time support

When the pandemic hit, the Maine SBDC, part of the U.S. Small Business Administration, responded. Nearly 3,000 businesses in the state received free advising and other services, double the 2019 total.

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SBDC 2020, by the numbers

The Maine Small Business Centers, in 2020, had 2,956 clients engage with its offices across the state for free mentoring and resources. Here are some of the numbers.

  • 514 jobs created or saved
  • 93 new businesses started
  • $38.3 million in capital generated

Client Businesses

  • 23.6% of clients engaged have home-based businesses
  • 18.7% have retail businesses
  • 9.4% have lodging or food service businesses
  • 8.2% have arts, entertainment or recreation businesses
  • 7.7% have agriculture, hunting, forestry or fishing businesses

Client demographics

  • 57.6% of clients who sought counsel were already SBDC clients
  • 42.5% were new clients
  • 52.4% of the business owners seeking counsel were women
  • 8.2% were BIPOC
  • 6.3% were veterans

Source: Maine SBDC 2020 Annual Report

– Digital Partners -