Mainebiz

September 5, 2022

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W W W. M A I N E B I Z . B I Z 13 S E P T E M B E R 5 , 2 0 2 2 F O C U S S TA R T U P S / E N T R E P R E N E U R S H I P aine has a wide range of busi- nesses serving a wide variety of industries. But the vast majority of Maine's businesses are small businesses, as defined by the U.S. Small Business Administration. F O C U S S TA R T S O N F O L L OW I N G PA G E ยป M MAINE BUSINESS OWNERSHIP BY DEMOGRAPHIC GROUP 1 MAINE SMALL BUSINESSES SNAPSHOT 150,593 small businesses 99.2% of Maine businesses 293,313 small business employees 56.8% of Maine employees 1 Ownership shares include equal and majority ownership. S O U R C E : 2021 Small Business Profile, Maine, published by the U.S. Small Business Administration Office of Advocacy. WOMEN VETERANS HISPANIC RACIAL MINORITIES Workers Owners Workers Owners Workers Owners Workers Owners 10% 20% 0% 30% 40% 50% 60% 70% 80% 90% 100% 48.6% 40.2% 6.9% 9.6% 1.5% 1.1% 3.8% 3.3%

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