Maine Franchise Owners Association

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Maine Legislators and Small Business Owners One In The Same

March 20, 2014 By Courtney O'Hara Leave a Comment

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 […]

Filed Under: Economic Development in Maine, Featured, Maine Tagged With: business development, business owners, economic development, economic impact, Economic Outlook, economy, employment, Expansion, job creation, maine

Maine ‘crowd investing’ bill becomes law

March 11, 2014 By admin Leave a Comment

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 […]

Filed Under: Economic Development in Maine, Featured, Maine Tagged With: business development, economic development, economic impact, Economic Outlook, economy, Expansion, finance, franchise finance, franchise job creation, Maine Franchise Owner

Failure to Pass Franchise Protections 20 Years Ago Cost Maine More Franchised Units

February 23, 2014 By Courtney O'Hara Leave a Comment

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 […]

Filed Under: Failed Franchising, Fair Franchising, Featured, Franchising in Maine, Maine, Maine Franchise Owners Tagged With: business development, business owners, economic development, economic impact, Economic Outlook, economy, Expansion, Fair Franchising, franchise job creation, franchised business, franchised businesses, franchisees, franchising, job creation, legal, maine, Maine Franchise Owner, Maine Franchise Owners, state law, Universal Franchisee Bill of Rights

First Annual Maine Franchise Owners Franchise Business Day and Legislators Meet & Greet set for January 29th

December 30, 2013 By admin Leave a Comment

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 […]

Filed Under: Economic Development in Maine, Featured, Franchising in Maine, Government Relations, Maine, Maine Franchise Owners Tagged With: business development, business owners, economic development, economic impact, Economic Outlook, economy, Expansion, Fair Franchising, finance, franchise finance, franchise job creation, franchise owners, franchised business, franchised businesses, franchisees, franchising, Maine Franchise Owner, Maine Franchise Owners, MFOA Sponsor, Sponsor, state law

Maine Unemployment Rate 6.4 Percent in November

December 20, 2013 By admin Leave a Comment

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 […]

Filed Under: Economic Development in Maine, Featured, Maine Department of Labor, Unemployment Compensation Tagged With: business development, economic development, economic impact, economy, Expansion, franchise job creation, Government Relations, maine

Eaton Peabody Attorneys at Law

December 19, 2013 By admin Leave a Comment

Eaton Peabody Attorneys at Law

Founded in 1939, Eaton Peabody is a community-based law firm with more than 45 attorneys serving New England and Atlantic Canada from offices in Augusta, Bangor, Brunswick, Ellsworth and Portland. The firm offers broad legal expertise through a variety of focused practice groups led by some of Maine’s leading attorneys. Contact Information:  Judy Metcalf, Esq., […]

Filed Under: Sponsor Directory Tagged With: Attorneys, business owners, economy, Fair Franchising, legal, litigation, maine, MFOA Sponsor, Sponsor

Governor Welcomes Blue Ribbon Commission Report on Unemployment System

December 11, 2013 By admin Leave a Comment

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 […]

Filed Under: Featured, Franchising in Maine, Government Relations, Maine Department of Labor, Unemployment Compensation Tagged With: business development, economic development, economic impact, economy, employment, Expansion, franchise job creation, Government Relations, job creation, Maine Franchise Owner, unemployment

GAO Report of SBA Franchise Lending Reveals Program Failures

December 4, 2013 By admin Leave a Comment

GAO Report of SBA Franchise Lending Reveals Program Failures

GOA Report Findings: The Government Accountability Office (GAO) published a report identifying that loans to certain franchise companies failed at a higher rate.  From 2003 to 2012, the SBA guaranteed loans for more than $10.6 billion to franchise businesses and was forced to make payments on about 28 percent of those loans. Analysis of guaranteed […]

Filed Under: Featured, Finance, Franchise Economics, Franchising Tagged With: business development, economic development, economic impact, economy, Expansion, finance, franchise finance, franchise owners, franchising, SBA, SBA Backed Loan

Maine’s Small Business Administration Wants To Help You

November 25, 2013 By Courtney O'Hara Leave a Comment

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 […]

Filed Under: Economic Development in Maine, Featured, Finance, Maine Tagged With: business development, business owners, economic development, economic impact, economy, Expansion, finance, Loans, maine, SBA Backed Loan

Maine Franchise Owners Association Holds Open House in Portland

November 13, 2013 By Courtney O'Hara Leave a Comment

Maine Franchise Owners Association Holds Open House in Portland

On Wednesday, November 6th, 2013 at the offices of the Maine Franchise Owners Association (MFOA), various franchise owners, vendors, and government officials attended the MFOA open house in Portland.  MFOA is an independent organization of franchise owners in Maine that is committed to helping franchise owners grow, expand, and create more jobs for the citizens […]

Filed Under: Featured, Franchising, Franchising in Maine, Maine, Maine Franchise Owners Tagged With: business development, business owners, economic development, economic impact, economy, Expansion, Fair Franchising, franchise finance, franchise owners, franchised business, franchised businesses, franchisees, franchising, Government Relations, Grassroots

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