Small biz incubation thriving in Saco-Biddeford

  Delicious and innovative! Royal Rose Syrups are just one example of how entrepreneurs in downtown Biddeford-Saco are helping to fire Maine's economic engine.

Delicious and innovative! Royal Rose Syrups are just one example of how entrepreneurs in downtown Biddeford-Saco are helping to fire Maine's economic engine.

There’s plenty of affordable mill space available in these parts, and that’s good news for entrepreneurs looking to get off the ground. This is the 50th anniversary of Small Business Week, and to mark it, Maine’s Commissioner of the Department of Agriculture, Conservation and Forestry visited Royal Rose yesterday, a start-up company that moved from Brooklyn, New York to the mill district of downtown Biddeford-Saco, Maine.

Read all about it in today’s Journal Tribune. Small businesses, which have less than 500 employees, are vital to Maine’s economy. According to the latest figures from the Small Business administration, 97 percent of Maine businesses are classified as small businesses. In 2012, 95 percent of the businesses in the state employed 50 or fewer employees, according to the Maine Department of Labor, and small business also account for 59 percent of jobs and 63 percent of wages in Maine, according to the Maine Department of Labor.

Congratulations to our neighbors at Royal Rose. You deserve the recognition!