Mainebiz

W W W. M A I N E B I Z . B I Z 11 M A R C H 6 , 2 0 2 3 FOCUSED ON SMALL BUSINESS Introducing our newest SMB lender, Christina O'Brien sbsavings.bank | (207) 284-4591 B R I E F Small businesses in Maine raised $30 million last year, with a helping hand B y R e n e e C o r d e s A dvisors with the Maine Small Business Development Centers helped 2,284 entrepreneurs and small businesses across the state in 2022, the group said in its annual report. The report showcases the achievements and impact of Maine SBDC's efforts in supporting entrepreneurs and small businesses through advising, training and resources. The centers provide no-cost, confidential business advice to clients. Advisors logged more than 10,000 hours helping clients start 129 new businesses, save and create 591 jobs, and access $30.3 million in funding last year. "Our team continues to provide guidance and support to businesses as they navigate the lingering effects of the pandemic," said Maine SBDC State Director Mark Delisle. "While common challenges like high inflation and tight labor markets persist, business owners are eager to get back to the basics, focusing on things like their business plans, marketing strategy, and financial projections," he added. "As we move into a new year, you can count on our team to be here, working alongside business owners to confidently build a brighter future for Maine's economy." Clients mentioned in the report include Brant & Cochran, a South Portland- based artisanal axe-maker led by Mark Ferguson. He connected with Susan Desgrosseilliers, an SBDC business advisor at the University of Southern Maine, in 2022, to explore financing options for expansion. Another company, Rhona-Beauty of Biddeford, worked with SBDC business advisor Tina Oddleifson to develop a business plan and come up with financial projections for the business, which specializes in services from hair styling and coloring to lash extensions and lifts. Rhona-Beauty, led by Rhona Johnson Deah, has been an SBDC client since 2021. In 2022 as a whole, clients of the Maine SBDC included the fol- lowing groups of entrepreneurs, according to the report: 53% women 34% in rural areas 30% young entre- preneurs; 12% minorities (defined as non-white or Hispanic); 10% with low-to-moderate-income; 9% with disabilities; and 7% veterans or with military connections. Our team continues to provide guidance and support to businesses as they navigate the lingering effects of the pandemic. — Mark Delisle Maine Small Business Development Centers Business advisors at Maine Small Business Development Centers assisted almost 2,300 clients in 2022, including South Portland axe maker Brant & Cochran. The business is led by Mark Ferguson, shown here at the company's workshop near Bug LIght Park. F I L E P H O T O / J I M N E U G E R

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