Bill Whitmore, who has operated franchised fitness centers, will offer financing and other business services. He has launched a new lending institution focused on providing commercial financing to the region’s entrepreneurs, franchise owners and small-business owners. Whitmore has operated and sold several Planet Fitness franchises in Maine, said in a news release that his latest […]
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 […]