The Institute for Veteran and Military Families at Syracuse University released a study about the advantages of hiring military veterans for businesses of all kinds across the country—including their sense of entrepreneurialism. The White House blog explains:
It’s true—there are more than 66,000 veteran-owned small businesses in franchising alone. America is also stepping up in big ways to support the veteran entrepreneurial spirit—several new programs aim to entice veterans to the world of franchising. The International Franchise Association runs one called VetFran, which requires that parent companies give veteran franchisees their “best deal” possible—often resulting in thousands of dollars off the initial franchising fee.
There are more than 450 companies participating, and at least 2,100 veterans have opened franchises through the program so far. Some companies go even further—the UPS Store recently announced it was giving away free franchises to 10 veterans who qualify (five have already been given out). In February, CiCi’s Pizza announced it will waive the franchise fee and offer a 50 percent cut on royalty fees to all qualified veterans who open CiCi’s franchises and hire a veteran manager.
Learn more about what the President has done to put Veterans back to work here.