Maine Small Businesses: Five Fast Facts

April 9, 2024

Delaney Sexton
Contributing Editor

Maine Small Businesses: Five Fast Facts

149,493 small businesses employed 55.9% of Maine employees.
Between March 2021 and March 2022, 7,379 small businesses opened.
Small businesses contributed 93.1% of new jobs in Maine from March 2021 to March 2022, or 17,020 jobs.
In 2021, banks issued $519.7 million in loans to Maine businesses with revenues of $1 million or less.
Total reported new lending to businesses through loans of $1 million or less was $1.6 billion.