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BANGOR, Maine: Celebrating 70 Years of Supporting Small Businesses

The U.S. Small Business Administration (SBA) is proudly commemorating its milestone 70th anniversary as an agency dedicated to the growth and success of small businesses. As part of the celebration, SBA officials are embarking on a series of visits to small businesses in Maine that have benefited from their support and guidance.

On Wednesday, SBA District Director for Maine, Diane Sturgeon, and her team paid a visit to Courtney Bed in Bangor. In this visit, Sturgeon reaffirmed the SBA’s commitment to assisting small businesses in overcoming challenges and achieving their goals.

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For example, with the assistance of the SBA, Courtney Bed was able to develop an expansion plan to relocate its operations to a new facility. Courtney Bed specializes in manufacturing beds specifically designed for individuals with disabilities. Under the leadership of Erin MacAuthor, the company has experienced remarkable growth, producing 20 customized beds per month compared to only 25 beds in their first year of operation from 2009 to 2010.

The SBA played a crucial role in streamlining processes and ensuring that Courtney Bed could meet the increasing demand for their specialized beds, which are tailored to the specific safety needs of families with disabled individuals.

During the challenging times brought about by the COVID-19 pandemic, the SBA emerged as a reliable partner for small businesses. Now, as the economy begins to recover, SBA District Director Diane Sturgeon emphasizes that the agency offers a wide range of programs, not only for businesses facing difficulties but also for those striving for growth and success.

One noteworthy program that aided Courtney Bed was the THRIVE SBA program, which allowed them to thrive amidst unprecedented circumstances. Sturgeon highlights the diverse support network available to businesses in Maine, including small business resource partners, small business development centers, SCORE, the Women’s Business Center, and the Veterans Business Outreach Center.

Businesses in need of assistance are encouraged to reach out to the SBA’s district offices or visit their website for detailed information on the wide array of resources and programs accessible to them. The SBA’s unwavering dedication to supporting small businesses remains unwavering for the next 70 years and beyond.

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