Category: Blog

Last month, we wrote about the business structure of B-Corporations (Benefit Corporations), also known as a B-Corp. B-Corps are businesses that go through a voluntary certification process to ensure that the company not only maintains a healthy bottom line, but is also responsive to the community and the environment in which it operates. Craig Olson of our Small Business team notes that through his experience of running various nonprofits in the past, he knew about B-Corps, but he hadn’t heard much about social enterprises until recently.

Residents from five Maine islands and two coastal communities joined the Island Institute in May 2019 for a community broadband tour of the Cranberry Isles. During the exchange trip, members of the Cranberry Isles Broadband Group shared what it took to connect their five islands, and guests exchanged ideas with the other island and coastal communities represented. In this guest blog post, Keith Harriton of the Swan’s Island broadband group reflects on the trip and the benefits of building connections and learning from each other.

On a recent trip to Scotland, Craig Olson of the Island Institute’s Small Business team was inspired by the Social Enterprise businesses in the UK. So, we decided to use the next few Commercial Currents to explore the concept of “business for good.” This month, we are going to talk about Certified B Corporations, or B Corps, and then next month, we’ll tackle the Social Enterprise concept.

According to the Center for Workforce Research and Information, Maine sees a 3% spike in employment for June, July, and August. To put a number on it, Maine’s seasonal businesses are employing around 20,500 more people each month in the summer. As anyone who runs a seasonal business in Maine knows, that number is not high enough. t’s a struggle for Maine’s seasonal businesses to get fully staffed each spring, and it seems to get harder and harder each year. Mainland businesses, particularly in high traffic tourist destinations like Bar Harbor and Ogunquit, rely heavily on the H-2B visa program, which allows a predetermined number of out-of-country workers to work seasonal jobs in the United States.