The Restaurant Revitalization Fund (RRF) was announced as part of the American Rescue Plan, released in March 2021. It contains vital support for small and medium-sized restaurants. Applications will be accepted starting May 3, 2021 at 12 pm. Visit the SBA’s RRF website for full details.
IMPORTANT UPDATE (4-23-21): Application portal reopens Saturday, April 24 Businesses can now apply for both a PPP loan after Dec 27, 2020 -and- the SVOG! The purpose of the Shuttered Venue Operators Grant program is to provide aid to small business owners who have been hit hard by COVID-19 related shutdowns. The bill allows for $15… Read more »
By: Jared Entwistle, Maine SBDC Intern In the wake of the COVID-19 pandemic, it’s more important for small businesses to think about ways to conserve cash flow. This often presents a dilemma for those who want to be conscious of their carbon footprint: how can I reduce my business’s environmental impact while maintaining a budget? … Read more »
By: Jared Entwistle, Maine SBDC Intern How do I know I’m an entrepreneur? Thinking about starting a business? Have an idea but unsure if you have what it takes to be a business owner? Maybe you’re one of the many people who are tired of working for someone else? Whatever the case, before you start… Read more »
Maine SBDC clients can access free, in-depth expertise in digital marketing and accounting and bookkeeping. Digital Marketing Specialists provide guidance in areas such as: Websites & Ecommerce Social media and email marketing Advertising and measuring success Digital marketing strategy specific to your business Our Accounting & Bookkeeping Specialist provides guidance in areas such as:
On March 12th, the third stimulus bill called the American Rescue Plan passed into law. The bill consists of $1.9 trillion to help people and businesses struggling with the pandemic. Here’s what you can expect from the bill for your small business. Please note: Updates to these programs are likely as details are finalized. As… Read more »
SPECIAL CONTRIBUTOR: Maine Law and MeRTEC 2-26-2021 Coronavirus cases continue to be reported throughout the state. As of mid-February the total number of cases in Maine has exceeded 43,000, with more than 1,500 hospitalizations and 650 deaths. The data shows that the COVID-19 vaccines are safe and effective, and many Maine employers and employees alike may be wondering whether an… Read more »
By: Keenan Hendricks, Maine SBDC Intern Valentine’s Day is an opportunity to express love and support to those in your life. It’s also yet another opportunity to support your local small businesses. Purchasing from local businesses not only provides a unique and special gift but also helps support those in your community who need you… Read more »
By: Business Advisor Lori Allen Even in the best of times, pricing decisions can be agonizing. It is one of the most critical decisions you need to make in your business model because your profit margins hinge on being able to price effectively. Price too low and you will lose money; price too high and… Read more »
Business planning is an essential aspect of your business and can help guide your business’s success. Your business plan is not just a document that you compile and put on a shelf. It’s a living, breathing roadmap that outlines goals and provides details on how you plan to achieve those goals.
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