May 27, 2019
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Maine SBDC releases 2018 Small Business Client results

Community Author: Jennifer Sherwood Boutin
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Updated:

The Maine Small Business Development Centers (Maine SBDC), a statewide program that helps entrepreneurs start and grow their businesses, is pleased to announce its annual results.

In 2018, certified business advisers across Maine provided no-cost business advising to more than 1,500 entrepreneurs that helped them to save and create 810 jobs; start 136 new businesses; and access $38.7 million in capital to start or grow their businesses.

 

Return on investment for the Maine SBDC is evaluated annually through an independent study of the program conducted by Dr. James J. Chrisman at the Mississippi State University. His findings are based on information provided by a sampling of clients meeting with a Maine SBDC business advisor for at least five hours.

 

Dr. Chrisman’s most recent report indicated that for every dollar invested in the Maine SBDC, $3.14 was returned in incremental tax revenue.

 

“As with every year for the past 41 years, Maine SBDC is committed to guiding Maine’s economic future and making it a welcoming place to live and work,” commented Maine SBDC State Director Mark Delisle. “Maine’s small businesses make our communities unique and create quality jobs for our family, friends and neighbors. These individuals make Maine our home. We are honored for the opportunity to support Mainers and out-of-staters alike as they start and grow successful small businesses around the state.”

To access the full 2018 Annual Report, visit: www.mainesbdc.org/about/program-results/