Category: Blog

For the fourth episode in our “Business in Uncertain Times” podcast series, we speak with Shannon Byers, a business advisor with the Maine Small Business Development Centers and the center director for the location at Coastal Enterprises, Inc. in Ellsworth. As a business advisor, Shannon has she been helping business owners navigate federal aid and also innovate and think creatively right now.

For the third episode in our “Business in Uncertain Times” podcast series, we take a deeper look into the nuts and bolts of the CARES Act with Craig Olson, senior community development officer and head of the Small Business team at the Island Institute, and in the second part, we speak with Alison Thibault, owner of WindHorse Arts in downtown Vinalhaven, a jeweler of 20 years who has been working diligently to stay on top of the Small Business Administration’s various disaster relief programs.

To better understand how our local small businesses are doing during this time of change, we are making a series of pre-recorded interviews with some of Maine’s island and coastal small businesses. These short conversations designed to check in with these businesses, understand their concerns, and hear what’s working well. This week, we talk with Gabe Pendleton of Pendleton Yacht Yard on Islesboro as he navigates the SBA relief loans and the recent CARES Act.

Sixty-one percent of Maine’s population lives outside of an urban area. By this statistic (available with many more about the communities along the coast of Maine in Waypoints: Connect, Maine is the most rural state in the nation. In rural areas, accessing basic supplies and services can sometimes be a challenge. However, living on an island, accessibility takes on a whole new meaning. Maine’s unbridged islands rely on ferry services, water-taxis, and air service. These services are a vital resource; they are a lifeline to the mainland, providing a critical service for both medical emergencies and supply chains for island grocery stores.

We live in new times. The recently approved $2.2 trillion aid package (CARES Act) is more than two and a half times the size of the 2008 stimulus package, the largest in history at that time. With money flowing out to communities hit by the pandemic at an unprecedented level, we are here to help make sense of how to access funding and do our best to connect you, your business, and your organization to those resources. We want Maine communities and businesses to get their fair share of these funds.

Small businesses everywhere are struggling to make sense of the current world. To understand how these businesses are doing, we are launching a series of short conversations with Maine’s island and coastal small businesses as a way to check in with local businesses and find out what’s working well and where the bright spots are in this confusing world. In this first interview with Deer Isle-Stonington’s 44 North Coffee, owners Melissa Raftery and Megan Wood talk about the changes they’ve made to keep business going.

Staying connected during this unprecedented time is crucial. Whether it is attempting to continue your work from your home, keeping your child learning by connecting them to resources or to their teachers virtually, or staying in touch with family, now is the time when we have to shift away from in-person interactions to the virtual realm. But with at least 85,000 households in Maine lacking broadband, connecting can be more of a challenge for some than others.

How are you? We don’t ask that enough these days, and it’s the most important question we can ask in troubling times. This is a hard time for everyone, but we know as Mainers we will get through this. It won’t be easy, but we will come out on the other side. As you work through the impact of this international shutdown on your business, know that there are resources available at the federal, state, and local level. In this blog, we highlight some of these and invite you to contact us with any questions regarding access to funding, what might be right for you, or what type of assistance you should be looking for.