BlueMauMau – WASHINGTON—After sixteen days of a shutdown, the House of Representatives voted to approve a Senate deal to end the U.S. federal shutdown and to extend the debt ceiling. The budget compromise won 285-144, a larger margin than anticipated. The final act by the House funds the government until January and allows the Treasury […]
Maine is one of the States Most Adversely Affected by the US Government Shutdown!
According to analysis by personal-finance site WalletHub,Virginia, Alaska, Alabama, District of Columbia and Maine are the five states most affected by the shutdown. In the past couple of years, the small businesses in the states listed above have had the highest rates of borrowing when it comes to SBA-guaranteed loans, according to WalletHub’s research. All […]
Franchisees Suffer as Shutdown Hurts Sales, Expansion Plans
Excerpts below are from an article written by Kate Taylor at Entrepreneur.com As the government shutdown drags on, some franchise owners have struggled with sales while others have been forced to put their expansion plans on ice. Last Thursday, Ron Putman was ready to serve 35,000 estimated attendees at the Miramar Air Show in San Diego. […]
Forbes Ranks Maine Last for Business Climate
Forbes magazine released its “Best States for Business” list on Friday. Forbes cited Maine’s high corporate tax burden and poor job and economic growth forecast. Maine ranks last in Forbes’ Best States for Business for a fourth straight year. Much of the blame can be placed on the state’s high corporate tax burden and lousy […]
Franchising’s Impact on the US & Maine Economy
In 2004 the International Franchise Association (IFA) published it’s first report “Franchising’s Impact on the Economy” the report was updated in 2005 and 2007. In 2007 franchised businesses operated over 828,000 establishments in the United States, counting both establishments owned by franchisees and franchisors. These establishments represented 2.8 percent of all nonfarm business establishments in […]