Category: Blog

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.

In times of crisis, those most prepared can quickly activate established networks to deploy resources and provide support. As the COVID-19 pandemic began to reach Maine, the Island Institute turned to the Maine Islands Coalition (MIC), a network with a 17-year history of helping to solve problems in the year-round islands of Maine. While there are always one or two remote participants in the coalition’s quarterly meetings, Friday, March 20th was the first time in MIC history when the entire coalition came together virtually.

Whether you’re talking about your business, your community, or life in general, it’s all about networks. Most small business owners feel isolated. Running a small business is something you take home with you and on vacations—it’s always in the back of your mind. Now, imagine running a business out on the water where there is rarely an opportunity to share questions, concerns, or ideas around what works for others in a non-competitive environment.

Since this month is full of New Year’s resolutions, Craig Olson and Claire Donnelly from the Island Institute’s Small Business team put together a list of six business habits they would like to start—or break—in 2020. What is a habit and how long does it take to form one? How can creating habits help your business?