In May an Executive Order signed by Governor Paul LePage established The Blue Ribbon Commission and tasked it with reviewing various complaints and concerns raised by Maine citizens about the consistency and objectivity of the unemployment insurance system. After countless grueling hours of research, testimonies, and collaboration, the commission confirmed that Maine’s appeals system has […]
Maine Legislators and Small Business Owners One In The Same
Small businesses are the key to Maine’s well-being. They compose a significant share of the state’s economic production and hiring. According to the Small Business Administration Office of Advocacy, Maine’s businesses have shown signs of stability and improvement. In 2008, small businesses totaled 147,484. Of those, 33,926 were employers, and they accounted for 59.7% of […]
Maine ‘crowd investing’ bill becomes law
The measure is designed to help Maine start-ups raise funds from small investors. J. Craig Anderson at the Portland Press Herald reports that a measure allowing Maine businesses to raise up to $1 million through “crowd investing” became law Monday. The bill, L.D. 1512, “An Act To Increase Funding for Start-ups,” was approved overwhelmingly in […]
Well Attended Maine Franchise Owners Business Day and Legislative Meet
On Wednesday, January 29th, over 40 franchise owners met at The Senator Inn in Augusta to share best practices, and learn about various resources for Maine franchise owners. Four impressive and informative speakers headlined the afternoon. Jim Coen, Executive Director of Maine Franchise Owners Association (MFOA) spoke about the importance of organizing franchise owners in […]
Five Key Principles for the Maine Small Business Investment Protection Act
The Labor, Commerce and Economic Development Committee (LCRED) held a work session yesterday on LD 1458, the Maine Small Business Investment Protection Act. The work session was open to the public, but the Co-Chairs of the Committee decided that comments were not invited from the public, but the committee members and LCRED counsel spoke. There […]
Failed Quiznos Franchisees Drag Maine Economy Down
Portland – As Maine Quiznos franchisees fail miserably under a broken business model, some are questioning what detriment there will be to their state’s economy. Analyzing the sub sandwich chain’s past franchise disclosure documents shows there was approximately $5.4 million in citizen economic loss. The human toll is even larger. Quiznos franchisees and their families have been and will be devastated financially and personally for the remainder of their lives. While the […]
First Annual Maine Franchise Owners Franchise Business Day and Legislators Meet & Greet set for January 29th
The Maine franchise owner community is invited to attend the First Annual Maine Franchise Owners Franchise Business Day and Legislators Forum on January 29, 2014. The event will begin at 1 p.m with the “Franchise Business Day” forum to share timely information, best practices and resources for Maine franchise owners. A Franchise Owner and Legislators […]
Maine Unemployment Rate 6.4 Percent in November
State Labor Commissioner Jeanne Paquette released November workforce estimates for Maine. Seasonally Adjusted Statewide Data Survey of Households – The preliminary seasonally adjusted unemployment rate estimate for Maine was 6.4 percent in November—the lowest figure since November 2008—down from 6.7 percent in October and 7.2 percent one year ago. The U.S. Bureau of Labor Statistics […]
Maine’s Small Business Administration Wants To Help You
The Small Business Administration (SBA) believes “giving small employers a voice early in the process is key to reducing the negative impact of regulations on small businesses, increasing the level of regulatory compliance, and passing on cost savings to state economies. Regional Advocates help identify regulatory concerns of small business by monitoring the impact of […]
Dunkin’ Donuts Franchise Owner Opens New Shop in Farmingdale, Maine
Normand and Joline Boulay, the owners of Farmindale’s newest business, Dunkin Donuts, welcomed friends and neighbors to celebrate with them and win some fabulous prizes. The Farmingdale Dunkin Donuts is the fourth one for the Boulays — two others located in Lewiston and one in Gardiner. Normand and Joline Boulay, expressed their excitement and satisfaction […]