IFA has urged Congress to expand and extend programs to provide franchise businesses with increased avenues to access capital, especially during the COVID-19 pandemic.

The Veteran Entrepreneurs Act would provide veterans with a 25 percent tax credit on the initial franchise fee, which the prospective veteran franchisee can elect to pass to the franchisor in exchange for a discount of equivalent value up front.

Bipartisan Members of Congress Promote Minority Franchise Ownership.

With the expansion of apprenticeship programs through an executive order, America’s 733,000 franchise businesses are helping close the skills gap, creating more middle-class jobs by drawing back Americans who had previously left the workforce.