Great news for anyone who all franchises looking to attract military veterans as franchisees. The IFA has put its considerable lobbying muscle behind the Help Veterans Own Franchises Act.
IFA president Steve Caldiera made the following comments to Politico on why he thinks the law needs to be put into action:
“As tens of thousands of service men and women return from deployment in Afghanistan and Southwest Asia, expanded opportunities are needed to ensure veterans and their families are able to transition into the civilian economy. Not only is this critical for the economic and social stability of veterans and their families, but it is an important component of the U.S. economic recovery.”
The bipartisan bill has been put forward by Sen. Bob Casey (D-Pa.) and Rep. Aaron Schock (R-Ill.). As the VetFran website sets out, the prospective "offers tax credits to offset start-up costs equal to 25% of franchise fees".
This is a law that would create jobs and help veterans integrate back in to society. At a time of such economic stagnation, this is a law that needs to be enacted. We hope that the IFA can use its contacts inside the Beltway to make it happen.