Mainebiz

September 2, 2024

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W W W. M A I N E B I Z . B I Z 11 S E P T E M B E R 2 , 2 0 2 4 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 Efficiency Maine's Commercial Property Assessed Clean Energy (C-PACE) program allows businesses to finance building retrofits, gut rehabilitations, and new construction with no upfront costs. C-PACE financing allows commercial property owners to finance energy improvements on their buildings and repay the investment over a longer period of time. The borrowed capital is secured by a property tax assessment with an associated lien on the property. For details on participation and eligibility, visit efficiencymaine.com/c-pace/ or email C-PACE@efficiencymaine.com. Finance Your Business's Energy Upgrades With C-PACE MAINE SMALL BUSINESS NET GAINS BETWEEN MARCH 2021 AND MARCH 2022 THE TOP 3 INDUSTRIES MAINE SMALL BUSINESSES SNAPSHOT 149,493 small businesses 99.2% of Maine businesses 291,387 small business employees 55.9% of Maine employees S O U R C E : Small Business Administration 2023 "Small Business Profile" for Maine Of the businesses in Maine, 99.2% are considered small businesses by the Small Business Administration. Here are some facts on the makeup of the business community in Maine. Maine small businesses, by count, were led by these industries: Real estate and rental and leasing Professional, scientific and technical services Construction Jobs lost at closed or contracted businesses Jobs added at new or expanded businesses Establishments closed Establishments opened NET GAIN: 3,208 7,779 7,779 4,571 4,571 62,831 62,831 44,552 44,552 NET GAIN: 18,279 23,285 businesses 23,285 businesses 18,198 businesses 18,198 businesses 14,931 businesses 14,931 businesses

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