Maine Small Businesses: Five Fast Facts
April 9, 2024
Delaney Sexton
Contributing Editor
Maine Small Businesses: Five Fast Facts
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- 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.
Source:
SBA Office of Advocacy 2023 Maine Small Business Profile