New Ventures Maine is a statewide program of the University of Maine at Augusta, University of Maine System, an equal opportunity/affirmative action institution.
FY 2020 Financial Summary Budget: $1,838,808
Program Summary (continued)
PROGRAM AREAS Starting a Business
REVENUE
Served 632 new and aspiring entrepreneurs.
Federal $115,960
Awarded 7 marketing mini-grants to spur growth.
Other Sources $232,615
Building Careers
State $986,503
Served 241 individuals with training and individual assistance.
Hosted three in-person Totally Trades Conferences and 8 virtual career sessions, providing hands-on and online workshops to 367 8th-12th grade girls statewide.
Managing Money
Served 415 individuals with training and individual assistance.
Grants $503,730
Completed our 5th year of partnership with CA$H Maine bringing information and assistance to 4,406 tax filers. Supported 80 Family Development Account holders and 123 Rainy Day Savings account holders. DEMOGRAPHIC PROFILE OF PARTICIPANTS* Gender Women 73% Men 26% Non-binary/Undisclosed 1% Income From households at/below 200% of HHS poverty 75% From households above 200% HHS poverty 25% Work Unemployed 34% Employed or self-employed 62% Retired or semi-retired 4% Age Under 35 27% 35-54 50% 55+ 23% Education Did not complete HS 9% HS diploma, HiSET or GED 44% Associates Degree 9% Trade School Certificate 9% Bachelors Degree or higher 29%
EXPENDITURES
Communications $25,404
Indirect Costs $41,229
Travel/Staff Development $23,407
Facilities/Tech/ Equipment $47,366
Supplies & Materials $14,304
Supportive Services/Grants $61,028
Grants/ Cash Forward $359,309
Staffing $1,266,761
Program Summary
SERVICES PROVIDED
In 2020 we provided training and/or individual assistance to 1,253 Maine people statewide.
Training attendees
738
Persons receiving Individual Assistance
670
*derived from registration data obtained from 1,199 participants
Girls attending Totally Trades conferences
367
Annual Summary 2020
newventuresmaine.org
Made with FlippingBook Digital Proposal Creator