40 Years Ago… Average Income was $16,975/year Average Rent was $260/month Gas was $0.63/gallon Eggs were $0.48/Dozen Fresh Bread was $0.42/loaf

THE MAINE SBDC IS A PROGRAM OF THE U. S THE MAINE SBDC IS A PROGRAM OF THE U.S. SMALL BUSINESS ADMINISTRATION (SBA)/OFFICE OF SMALL BUSINESS DEVELOPMENT CENTERS, THE MAINE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT AND THE UNIVERSITY OF SOUTHERN MAINE. ACCREDITED BY THE ASSOCIATION OF SMALL BUSINESS DEVELOPMENT CENTERS, THE MAINE SBDC OPERATES A NETWORK OF SERVICE CENTERS IN PARTNERSHIPS WITH ANDROSCOGGIN VALLEY COUNCIL OF GOVERNMENTS, COASTAL ENTERPRISES, INC., AND THE NORTHERN MAINE DEVELOPMENT COMMISSION.

Who am I and Who do I work for? Peter Harriman Maine Small Business Development Center at the University of Southern Maine 55 Exeter Street,  Portland, Maine  04102 Phone: (207) 780-4844 www.mainesbdc.org

14 Advisers Covering 21 Locations Throughout the State of Maine

What is a Small Business? For Maine – 141,448 small businesses in Maine (96.8% of all businesses) In Maine, Small Businesses employing 1-19 Employees makes up 22.1% of the Small Businesses in Maine 278,996 Employees Employed by Small Businesses (57.3% of the Private Maine Workforce)

The Tie in with CDBG 1982, the State of Maine began administering the CDBG Program To assist units of local government in various community projects in areas ranging from infrastructure, housing, downtown revitalization to public facilities and economic development

SBDC and CDBG together The Funding Support that the CDBG provides to the SBDC for LMI clients helps leverage other CDBG Investments

The Reality of it all… business failure rates

What Does the SBDC Do? Provides FREE, Confidential Business Advising to Maine Businesses and Entrepreneurs, Including: Business Planning Business Startups Credit & Financing Financial Analysis Marketing & Sales Operations & Management MUCH more

2017 Accomplishments 1,454 Clients Advised 661 Jobs Created or Saved $44 Million Capital Generated 98 Businesses Starts

How to Contact US Internet: www.mainesbdc.org Online Requests, access to Adviser Emails, Phone numbers, and Addresses Phone: (207) 780-4420

Thank you!!!