preliminary application :: 2012 beta program

small business by the numbers
  • profitability is challenging :: small businesses have tighter margins,
    higher costs and less access to capital. for example, companies with less than 20 employees spend 45% more per person than larger companies on employment-related compliance.
  • failure is frequent :: 34% of new businesses fail within 2 years; 56% within 4 years; 69% within 7 years.
  • reasons for failure are limited :: 80% of small business failures are due to lack of ownership experience or lack of capital.
  • a little help goes a long way :: 87% of companies graduating from formal incubation programs are still in business after 4 years (almost double the success rate of their non-assisted peers).
Sources ::   SBA Office of Advocacy, Sept. 2008
Univ. of Maine School of Economics
American Express
we're currently accepting pre-screening applications from businesses interested in participating in any of our 2012 pilot programs. if you'd like your business to be considered, just answer a few quick questions and we'll get back to you within 48 hours.
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