A big impact on small business
Today, it’s easier than ever to start a business. But running that business successfully is as challenging as it’s ever been. And access to capital is still the main hurdle most new businesses will face. Through its annual $50,000 grant, Gorham Savings Bank’s LaunchPad is proud to be helping address that challenge.
According to the U.S. Small Business Association, 97% of businesses in Maine are small businesses (having 500 or fewer employees), and those with fewer than 100 employees actually contribute the largest share of jobs. That’s why LaunchPad pursues the same mission every year: to help fund the growth of one small but promising business in Maine.