W W W. M A I N E B I Z . B I Z 13 M AY 1 7 , 2 0 2 1
F O C U S S M A L L B U S I N E S S
Small businesses across the state
are saving on energy costs with
efficiency upgrades
efficiencymaine.com
866-376-2463
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he U.S. Small Business Administration defines a small business as one
with fewer than 500 employees. For Maine, that's 99.2% of all businesses,
according to the SBA. Here are some other facts from the small business pro-
file of Maine.
F O C U S S TA R T S O N F O L L OW I N G PA G E
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M A I N E S M A L L B U S I N E S S F A C T S
S O U R C E : U.S. Small Business Administration, 2020 Small Business Profile
BUSINESSES CREATE NEW JOBS SMALL BUSINESSES, BIG EMPLOYERS MEDIAN INCOME
Self-employed
individuals at their own
incorporated business
Maine individual
average
Number of small
businesses:
149,355
Number of
employees:
293,872
Self-
employed
BIPOC
persons
3,777
Net new
jobs in
2020
5,924
Small-
business
exporters
1,610
There are just over
100,000 firms with
fewer than 20
employees. They have
the largest share of
small business
employment
Percentage of
Maine employees
working for a
small business
57.2%
$29,808
$48,645
