This story highlights the critical labor shortage impacting many franchise owners. Blue MauMau – by Don Sniegowski, September 6th, 2018 Franchise establishments in the United States added a slightly better than average 20,700 jobs in August. Restaurant franchises and auto dealerships contributed most of the hiring with 12,200 and 7,300 jobs, according to ADP Research […]
Restaurant Chains Hold while Independents Fold
Blue MauMau – by Don Sniegowski, August 30th, 2018 The economy may be booming but it is a tough time for restaurant owners — as a whole. According to the U.S. Census Bureau, the U.S. grew in population in 2017. However, according to researcher the NPD Group, the number of restaurants in the United States […]
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 […]
Failure to Pass Franchise Protections 20 Years Ago Cost Maine More Franchised Units
In 1994, Legislative document 1916, or as some people remember it — The Franchise Practices Act, was shot down by Governor John R. McKernan, Jr. even after it passed both the Maine House of Representatives and the Maine Senate. Leonard Kovit, owner of 5 Meineke’s in Maine and New Hampshire in 1994, remembers the bill […]
Franchisee Protections Exist Across the Maine Border in Canada
Five provinces in Canada have passed franchise disclosure and fair franchise relationship laws: Alberta, Manitoba, New Brunswick, Ontario, and Prince Edward Island. British Columbia is also considering franchise disclosure and franchise relationship legislation. In the United States, the Federal Trade Commission (FTC) requires the use of a Franchise Disclosure Document (FDD) in all 50 states […]
McDonalds Franchisees Express Discontent in Annual Survey
Fron QSR Magazine Last year, investment management and capital markets firm Janney Montgomery Scott downgraded stock in McDonald’s from a buy to a neutral rating. This type of move is a daily occurrence on Wall Street, but for the fast-food giant, it was another matter. McDonald’s first-quarter results had shown a 1.2 percent decrease in […]
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 […]
Governor Welcomes Blue Ribbon Commission Report on Unemployment System
AUGUSTA – Governor Paul R. LePage is pleased with the final report of The Unemployment Reform Blue Ribbon Commission, which was delivered this week. An Executive Order signed by the Governor in May established the Commission and tasked it with reviewing various complaints and concerns raised by Maine citizens about the consistency and objectivity of […]